Business News Update: The LMD 100, has been ranking the Top Sri Lankan listed corporates for the last 25 years. Ranked at 95th position, Amana Bank is the youngest listed company to be among the LMD 100 in 2018.
Commenting on this recognition, Amana Bank’s Chief Executive Officer Mohamed Azmeer said “Being a Bank of just over 7 years and only 5 years listed in the CSE, we have made great strides in terms of revenue growth and profitability owing to the commendable progress in customer deposits and customer advances amidst challenging market conditions.
With growing acceptance to our people friendly banking approach, we are confident the Bank would reach much greater heights in the years to come.” Amana Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based participatory banking model.
With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of 28 branches and 4000+ ATM access points and has introduced an array of customer conveniences such as Internet & Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24×7 Cash Deposit Machines and Banking Units Exclusively for Ladies.
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 IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with a capital base of over USD 150 Billion which has a membership of 57 countries. Fitch Ratings, in October 2017, affirmed Amana Bank’s National Long Term Rating of BB(lka) with a Stable Outlook. Amana Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.