Amana Bank (Sri Lanka) Explained

Amana Bank PLC
Type:Public
Industry:Financial services
Hq Location City:Colombo
Hq Location Country:Sri Lanka
Num Locations:33 branches (20 ATMs)
Revenue: LKR12.113 billion
Revenue Year:2022
Operating Income: LKR2.991 billion
Income Year:2022
Net Income: LKR788 million
Net Income Year:2022
Assets: LKR141.688 billion
Assets Year:2022
Equity: LKR14.361 billion
Equity Year:2022
Num Employees:797
Num Employees Year:2022
Footnotes:[1]

Amãna Bank is the first and only licensed commercial bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of retail banking, SME banking, corporate banking, treasury and trade finance services.

The bank has a network of 33 branches, 20 self banking centres and 5,400+ ATM access points and has introduced online banking, online account opening, VISA debit card with SMS alerts, 365 day banking, Saturday banking, extended banking hours, 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 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 US$150 Billion which has a membership of 57 countries.

The bank's head office is located at 486 Galle Road, Colombo, and it maintains branches at 33 locations around the country.[2]

In April 2020,[3] Fitch Ratings assigned Amana Bank PLC a rating of ("BB+" with a Stable Outlook).[4]

See also

Notes and References

  1. Web site: Annual Report 2022 . cse.lk . Amana Bank PLC . 28 February 2023.
  2. Web site: Branch List of Amana Bank PLC . 8 July 2016. 8 July 2016. Kompass Sri Lanka . Kompass Sri Lanka. Colombo.
  3. Web site: Amãna Bank Fitch Rating moves upward to BB+ (Lka). 12 June 2020.
  4. Web site: 8 July 2016. Fitch Publishes Amana Bank Plc's Rating of 'BB(lka)'; Outlook Stable. 2 April 2015 . Reuters.com.