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Amana Bank expands to Sainthamaruthu

Amãna Bank December 8, 2023

Amana Bank recently opened its 56th customer location with the commissioning of a Self-Banking Centre in the coastal town of Sainthamaruthu, thereby expanding the Bank’s presence in the Eastern Province of Sri Lanka. The Centre was declared open under the patronage of Chief Operating Officer Imtiaz Iqbal along with Asst. Vice President - Deposits and Digital Innovation Arshad Jamaldeen, Kalmunai Municipal Commissioner A. L. M. Azmi, Kalmunai Branch Manager Mohamed Sameem, local business representatives, and residents in attendance.

The Self-Banking Centre, conveniently located at No. 20A, Akkaraipattu Road, Sainthamaruthu, provides 24/7 round-the-clock access for cash withdrawals, cash deposits, and cheque deposits. Additionally, customers can access various services through on-site customer service agents with the assistance of the Bank’s Kalmunai Branch, who will overlook the day to day operations of the centre in partnership with AB Securitas (Pvt) Ltd.

Commenting on the expansion of its network, Chief Operating Officer Imtiaz Iqbal said, “We are humbled to announce the expansion of our Self Banking Centres and offer our people friendly banking model to benefit the people of Sainthamaruthu. Our strategic expansion into various localities promotes financial inclusivity for our valued customers and the broader community, ensuring convenient access to a wide-ranging suite of banking services. Additionally, we have placed dedicated customer service agents at these SBCs, enabling customers to avail of other banking services, thereby enriching their banking experience with us.”

Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah-based IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest based banking model, Amãna Banks continued to be recognized amongst the Top 100 Strongest Islamic Bank’s in the World by The Asian Banker. Fitch Ratings in October 2023, affirmed Amãna Bank’s National Long Term Rating of BB+(lka) while assigning a stable outlook.

Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.

Image 1 - Left to Right: From Amana Bank – Mohamed Sameem (Kalmunai Branch Manager), Imtiaz Iqbal (Chief Operating Officer) and A. L. M. Azmi (Kalmunai Municipal Commissioner.

Image 2 - Customer Using SBC at Sainthamaruthu

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