Business News from Sri Lanka: The Sri Lankan expatriate community in Oman can now transfer funds in a fast and secure way to their loved one’s bank accounts back in Sri Lanka, through Amana Bank’s recent tie up with Oman’s leading remitter Lulu Exchange. This partnership enables remitters to carry out real-time fund transfers and the remittance will be directly credited to any Amana Bank account while other Bank accounts will be provided with same-day credit. This enables the customers to withdraw funds through branches or any ATMs islandwide.
Speaking on this partnership the Bank’s Vice President – Retail Banking & Marketing Siddeeque Akbar said “We are honored to partner with Lulu exchange – Oman, one of the world’s leading remittances service companies. This indeed is a key milestone the bank has achieved in expanding its remittance services worldwide to ensure Sri Lankans living abroad have the best financial link to their loved ones back home”.
Lulu Exchange, Oman is a pioneer in the field of foreign exchange and global money transfer with over 6 million customers worldwide. Sri Lankan expatriate community in Oman are now able to enjoy the convenience of accessing Lulu exchange remittance service through a network of total 34 branches across Oman.
With the addition of Lulu Exchange, Oman, Amana Bank has steadily grown its remittance channels worldwide, where customers can easily remit funds to Amana Bank from Kuwait, Qatar, Saudi Arabia, Lebanon, UAE, Malaysia, Thailand ,Singapore, Indonasia, Russia, Cyprus ,Israel and Australia and many more countries.
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 30 branches, 14 Self-Banking Centres 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 an authorized capital base of over USD 150 Billion which has a membership of 57 countries. Fitch Ratings, in June 2019, affirmed Amana Bank’s National Long Term Rating of BB(lka) with a Positive outlook. Amana Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.