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Amãna Bank wins three Global accolades

Amana Bank April 7, 2021
  • Fastest Growing Retail Bank - Sri Lanka  
  • Best Expat Banking Services - Sri Lanka  
  • Best CSR Bank - Sri Lanka  

Amãna Bank has affirmed its place amongst Sri Lanka’s top performing banking institutions as it secured the title of ‘Fastest Growing Retail Bank - Sri Lanka’ which was award by the renowned UK based Global Banking and Finance Review magazine.

Further in recognition of the Bank’s efforts towards catering to the financial requirements of Sri Lankans working and living overseas, especially through its Expat Gold customer proposition, Amãna Bank went on to win the accolade for ‘Best Expat Banking Services - Sri Lanka’.

Recognizing the Bank’s impactful community outreach programme OrphanCare and how it has benefitted over 3,000 orphans even amidst the pandemic, Global Banking and Finance Review further went on to adjudicate Amãna Bank as the ‘Best CSR Bank – Sri Lanka’.

Commenting on the three accolades Amãna Bank’s Chief Executive Officer Mohamed Azmeer said “It is indeed a great hounor to win these accolades cementing our position amongst the vibrant and highly competitive banking Industry in the country. These awards reflect well on our performance in the last few years, a period which also came with many unforeseen challenges which the Bank managed to withstand and overcome. I am sincerely happy to note the recognition received for our unique Expat Banking Proposition which provides a strong service proposition which is highly sought after by the heroes who are serving overseas and earning valuable foreign exchange for the country. I am also delighted note the continued recognition towards our OrphanCare programme which has already positively impacted the lives 3,000+ orphans in the country from 80+ orphanages saving them from a second abandonment when they reach the age of 18”

In 2020 Amãna Bank reached a key milestone as it crossed the landmark of LKR 100 billion in terms of Total Assets, a laudable achievement in the context of the Bank having completed only 9 years of operations. This demonstrates the Bank’s accelerated growth in its short history and its ability to record considerable balance sheet growth at a time when market conditions have not been favorable. The Bank continued to maintain a strong growth momentum in customer deposits closing 2020 with a portfolio of LKR 83.5 billion which reflected a significant YoY growth of 17% from 2019, while advances grew in excess of 8% above the private sector growth of 6.5% achieved in 2020.

Amãna Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based people friendly banking model. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches and Self Banking Centres spread across the country while having access to 4500 +ATMs for withdrawals and 850+ Pay&Go Kiosks for real time deposits. Customer can also benefit from an array of customer conveniences such as Internet & Mobile Banking, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.

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. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than the ‘OrphanCare’ Trust.

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