Amana Bank is planning to list shares on the Colombo Stock Exchange (CSE) before the end of this year.

A company representative told Mirror Business that preparations for listing are currently underway, reiterating that more information with regard to the listing would be announced in the coming months.

In the past, Amana Bank has periodically stated that steps were being taken to list as per CBSL regulations.

The Central Bank of Sri Lanka (CBSL) required all private banks to be listed on the Colombo bourse by 31st December 201,1 in order to enhance banks’ ability to raise additional capital in a more transparent manner, with a view to improving governance through market discipline.

The listing requirements were issued parallel to increased minimum capital requirements as part of a larger policy from the CBSL to improve the domestic banking sector’s ability to withstand internal and external shocks.