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Amana Bank recognises Children’s Savings Account Holder with top District Rank in O/L’s

Amãna Bank January 5, 2022

Amana Bank recently recognised one of its Children Savings Account holders who achieved a District 1st Rank (Kegalle) at the 2020 GCE Ordinary Level Examination. Master M N A Aabidh who achieved this distinction representing Zahira College Mawanella was also placed 2nd in the Island amongst all Tamil Medium students who sat the examination. As part of the recognition Amana Bank rewarded Master Aabidh with a laptop to continue pursuing his educational aspirations.

Commenting on this achievement Amana Bank’s VP – Retail Banking & Marketing Siddeeque Akbar said “We are extremely happy that one of our children savings account holders has achieved this feat. We strongly believe that encouraging and rewarding academic performance is an important aspect in motivating the children to reach great heights and will continue to recognise such exceptional achievements.”

Towards supporting parents to inculcate the savings habit for their children from an early age and setting a strong financial foundation, Amana Bank is gifting a pre-loaded deposit of Rs 1,000/- to each new born account opened. Further as an encouragement to parents to establish the habit of regular savings through monthly standing orders, the Bank will be rewarding the child’s account with a bonus amount equivalent to standing order at the end of the year.

Amana 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. In September 2021 Fitch Ratings Sri Lanka affirmed the National Long Term Rating of Amãna Bank to BB+(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than its flagship CSR venture ‘OrphanCare’ Trust.

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