Amana Bank, through its resilient core banking performance, recorded a Profit Before Tax (PBT) of LKR 389 million and a Profit After Tax (PAT) of LKR 250 million for the nine months ending 30 September 2020. In comparison to the previous quarter which was impacted by the first wave of the pandemic, Amãna...
In their latest rating review carried out in October 2020, Fitch Ratings Sri Lanka has affirmed Amãna Bank’s National Long Term Rating at BB+, a rating upgrade the agency bestowed the Bank earlier in June 2020. The rating outlook remains Stable. Fitch also outlined the factors that could...
Amãna Bank has once again been recognized by the internationally acclaimed Global Finance Magazine in their 2020 honoring of non-interest based financial institutions from across the world. Amãna Bank was adjudicated as the Best Islamic Finance Institution in Sri Lanka, amidst a growing...
In the backdrop of the Covid-19 pandemic, the need for financial capital has never been so significant. With a view to help customers to ease their financial burdens, Amãna Bank is offering a special financing facility through re-leasing their vehicles. Amãna Bank Re-lease offer allows...
Amãna Bank recently launched a campaign titled ‘Make Savings a Habit at Home’ in the hope of inculcating the habit of savings among kids to making their dreams come true. The campaign was launched in commemorating Children’s Day which fell on 1 October 2020, where children...
Amãna Bank Toastmasters Club, identified to be amongst the flourishing clubs of the Toastmasters District 82, further strengthened its stake when it was awarded the prestigious Golden Gavel Award for the year 2019/2020. The Golden Gavel Award, the highest honour for clubs in Toastmasters,...
Three of Amãna Bank’s employees will be undertaking Sri Lanka’s one and only ultra-endurance cycling challenge ‘Race the Pearl’ which will take to the roads of Sri Lanka on 2 October 2020. Held for the 3rd time, ‘Race the Pearl’ is a 600km spanning cycling race...
With respect to everyone’s dream of having a home of their own, Amãna Bank is offering government employees a special home financing solution with the market’s lowest installment rate to make their dreams a reality. The special offer entitles government employees to benefit from a...
Amãna Bank’s internationally awarded OrphanCare program successfully completed another quarterly fund distribution to over 2,700 deserving recipients in July 2020, thereby completing 4 cycles of fund distributions since launching the venture in 2019. OrphanCare, the Bank’s flagship...
Experienced chartered accountant Tishan Subasinghe, fintech entrepreneur Omar Kassim, legal luminary Mohamed Adamaly and Islamic finance legal professional Paul Mercer recently joined the Board of Directors of Amãna Bank. The appointment of Omar Kassim is in the interest of the Bank’s former...
Founder Chairman Osman Kassim retires upon completion of 9 year statutory tenure Ali Asghar (Asgi) Akbarally has been appointed as Chairman of the Board of Directors of Amãna Bank upon the retirement of the Bank’s Founder Chairman Osman Kassim. Leaving a strong legacy in the Islamic banking...
Deposits grow by 10%; Records PBT of Rs 250 Mn in 1H Despite the Covid-19 pandemic, which disrupted economies around the globe, Amãna Bank through its resilient performance continued its profitability trend in 2020. The Bank recorded a Profit Before Tax (PBT) of Rs 250.5 million and Profit After...
Amãna Bank recently commissioned a digitally enhanced Self Banking Zone at the Bank’s Dehiwala branch, with the aim of providing a convenient self-banking experience to its customers. The Self Banking Zone facilitates customers to seamlessly engage in day to day banking transactions such...
In recognition of their services to the society, Amana Bank has extended the financing amount and repayment period for government teachers and lecturers. The increased facility amount of up to Rs. 3,000,000 with a 10 year repayment period, enables customers to obtain a facility at an affordable instalment...
Having previously paid two continuous cash dividends in 2018 and 2019, Amãna Bank has announced an Interim Scrip Dividend of eight cents per share for the Financial Year 2020, in line with the latest directions of the Central Bank of Sri Lanka to all banks on restricting cash dividends. The Scrip...
Amãna Bank Vantage, the Bank’s distinct personalized Banking platform catering to those aspiring to expand their horizons in life, recently launched its very own Vantage branded contactless VISA Debit Card which enhances customer convenience and safety in card transactions. This card will...
Amana Bank opened its 32nd branch in Matale extending its unique non-interest based participatory Banking model to the people of Matale. Located at 392, Main Street (Trincomalee Street) Matale, this serves to be the Bank’s first branch in the Matale District. This branch will act as an addition...
Based on the latest rating review carried out in June 2020, Fitch Ratings Sri Lanka has revised the National Long Term Rating of Amãna Bank to BB+(lka) from BB(lka) with a Stable Outlook. Fitch Ratings has taken the rating review following the recalibration of its Sri Lankan National Rating scale...
Amãna Bank recently introduced an inward remittance based Special Deposit Account in line with the direction of the Government and the guidelines of Central Bank of Sri Lanka to manage the financial and economic challenges of the COVID-19 outbreak. The Special Deposit Account is introduced to...
Amãna Bank achieved a commendable Q1 performance in 2020, which saw its customer deposits grow by Rs 5.4 billion or by 8% to close the quarter at Rs 77.0 billion. As a result of conscious strengthening of credit risk parameters in the backdrop of challenging market conditions, advances grew only...
