Amãna Bank, Sri Lanka’s torchbearer of non interest based participatory banking, was recognized amongst the Most Respected Entities in Sri Lanka in LMD’s fifteenth annual edition of ranking the country’s most respected entities.
Commissioned and conceptualized by LMD and conducted by Nielsen, The Most Respected Ranking Index is based on the opinions of the general public. Respondents include managers and above of listed companies with their views obtained under 10 areas of evaluation which include financial performance, quality consciousness, management profile, honesty, innovation, dynamism, corporate culture, CSR, vision and national mindedness.
Commenting on this recognition the Bank’s Chief Executive Officer Mohamed Azmeer said “It is indeed a honour for Amãna Bank to be recognised amongst Sri Lanka’s Most Respected Entities. Being ranked in this prestigious ranking index, testifies the Bank’s unique approach to reach out and create value for all our stakeholders through our people friendly banking model. I am thankful to all our customers for continuing to place their trust and confidence in us.”
Amãna Bank’s value creation is not only limited to its customers but also extended to society and such was testified with the recent launch of the Bank’s flagship CSR venture Amãna Bank OrphanCare under the patronage of former President Her Excellency Chandrika Bandaranaike Kumaratunga. Established as an independent trust under the auspices of the Bank, OrphanCare aims to address a very important yet mostly unattended need of orphan children; which is the fate of orphans once they reach the age of 18 and are compelled to leave institutional care. As a part of this novel approach, the Bank has deployed a special fund through which periodical deposits will be made to accounts of Orphans until they reach 18. More details on this initiative as well as how one can be a part of it can be found at www.amanabank.lk/orphan-care
The Bank was also recently featured in the LMD 100 which is the local equivalent to Fortune 500 ranking of business entities based on their asset size.
Amãna 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, 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.
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 an authorized capital base of over USD 150 Billion which has a membership of 57 countries. Fitch Ratings, in June 2019, affirmed Amãna Bank’s National Long Term Rating of BB(lka) with a Positive outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions representing the Bank.