Amana Bank (Sri Lanka) Overview and Bank Information

Amana Bank (Sri Lanka) is a licensed commercial bank that operates in Sri Lanka. It was established in 2013.

Amana Bank is a subsidiary of Amana Takaful Plc, a leading insurance company in Sri Lanka. Amana Takaful Plc has a significant presence in the country's insurance market.

Amana Bank has a network of branches and ATMs across Sri Lanka, making it easily accessible to customers.

Amana Bank's financial performance is a crucial aspect to understand for investors and stakeholders. The bank's income statement and estimates are publicly available, which provides valuable insights into its financial health.

Amana Bank's stock, ABL.N0000, is listed on the stock market, and its equity performance is closely monitored by analysts. This indicates that the bank's financial performance is subject to market scrutiny.

The company's financial performance is a key factor in determining its stock value. A strong financial performance can lead to an increase in stock value, making it an attractive investment opportunity.

Amana Bank's income statement and estimates provide a detailed breakdown of its revenue and expenses. This information is essential for investors and analysts to assess the bank's financial health and make informed decisions.

Here is a summary of Amana Bank's income statement and estimates:

Amana Bank (Sri Lanka) has a strong presence with over 60 branches across the country, providing convenient access to banking services for its customers.

The bank offers a range of accounts, including current, savings, and fixed deposit accounts, designed to meet the diverse needs of its customers.

Amana Bank is a licensed commercial bank in Sri Lanka, regulated by the Central Bank of Sri Lanka, ensuring the bank operates within the country's banking laws and regulations.

Amana Bank is the lead strategic partner for the IFN Roadshow Sri Lanka, a one-day event that brings together the country's Islamic Finance industry and its key regulatory stakeholders.

The IFN Roadshow has completed over 35 events in 16 countries since 2008, with over 7,000 delegates attending.

Amana Bank has partnered with the Malaysia-based RedMoney group to bring the IFN Roadshow to Sri Lanka, having pioneered the concept of Islamic banking in the country.

The event is scheduled to take place at the Colombo Hilton on September 6, with Central Bank Governor Ajith Nivard Cabraal as the key note speaker.

Amãna Bank's geographical breakdown of sales is an interesting topic. Amãna Bank PLC is a licensed commercial bank in Sri Lanka that operates under Islamic banking principles.

The bank's sales have been steadily increasing over the years, with a significant jump in 2023. In 2023, Amãna Bank's sales in Sri Lanka reached a staggering 7.09 billion, a 50% increase from the previous year.

Here's a breakdown of Amãna Bank's sales in Sri Lanka for the past few years:

This growth is a testament to the bank's strong presence in the Sri Lankan market. Amãna Bank has a network of 33 branches and 20 self-banking centers across the country, making it easily accessible to customers.

Amana Bank PLC has a diverse Board of Directors, consisting of both BRD and Shariah Board Members.

Ali Asghar Akbarally serves as the Chairman of the Board.

Mohamed Azmeer is a Director/Board Member since 2022-04-26.

Mohammad Hassan Kaleem and Md. Imran Ashraf Usmani are Shariah Board Members, with Mohammad Hassan Kaleem's tenure unknown and Md. Imran Ashraf Usmani joining in 2013-07-03.

Mohamad Nazri bin Chik and M. I. M. Rizwe are also Shariah Board Members, with their tenure unknown.

P. Dilshan Rajeeva Hettiaratchi, Md. Ataur Rahman Chowdhury, Muhammad Asim Raza, and K. Muzamel Perera bin Abdullah are Directors/Board Members since 2016-05-30, 2018-01-15, 2018-10-19, and 2018-11-16 respectively.

Here is a list of the Board of Directors:

Amãna Bank PLC reported its earnings results for the full year ended December 31, 2024 on February 25.

Amãna Bank plc announced changes in the composition of its Board Audit Committee on February 21.

On February 25, Amãna Bank PLC revealed its earnings results for the full year ended December 31, 2024.

Amana Bank (Sri Lanka) operates in the banking sector, providing a range of financial services to its customers.

The bank's services include personal banking, corporate banking, and Islamic banking, catering to the diverse needs of its clients.

Amana Bank is a licensed commercial bank in Sri Lanka, authorized to conduct banking operations in the country.

The bank's presence in Sri Lanka dates back to 2005, when it was established as a commercial bank.

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Amana Bank has partnered with the Bristol Institute of Business Management (BIBM) to offer education financing solutions for students enrolling in undergraduate and postgraduate programmes from the University of the West of England (UWE) in the UK.

This collaboration aims to enhance access to quality higher education by providing flexible and affordable financial support tailored to meet the diverse needs of students.

Students can enroll with BIBM for their MBA, MSc, LLM, and undergraduate programmes while Amana Bank offers education financing up to Rs.5 million.

The flexible repayment terms offered by Amana Bank can last up to five years.

This partnership is a great initiative to support students in pursuing their academic and professional excellence.