Amãna Bank completes 10 years of people-friendly banking

Amãna Bank, Sri Lanka’s one and only licensed commercial bank to fully operate on non-interest-based banking principles, has successfully completed 10 years of its people-friendly banking operations.

Having commenced its journey on August 1, 2011, Amana Bank has witnessed strong progress, which was primarily fuelled by the growing support and confidence of it valued customers, which today counts over 380,000. Within these 10 years, the bank has reached Rs.100 billion in total assets, while growing its franchise to 32 branches, 19 self-banking centres, 5000+ ATMs and 850+ deposit points through collaborations with LankaPay and Pay&Go, offering a wide range of product and service solutions. 

Over the years through performing constantly, the bank has built a strong track record of profitability and dividends, for which progress the bank has been recognised as the Best Up and Coming Islamic Bank of the World by Global Finance Magazine USA and the Fastest Growing Retail Bank in Sri Lanka by Global Banking and Finance Awards UK.  Amãna Bank has predominantly served the SME sector, which is the backbone of the Sri Lankan economy, where its people-friendly banking model forms a strong strategic fit. Going beyond numeric, the bank’s core business operations and CSR activities are well aligned towards sustainable banking initiatives as advocated by the United Nations Sustainable Development Goals (UNSDG). 

Stemming from UNSDG Goal No 10 on ‘Reduced Inequalities’, the bank’s flagship CSR initiative OrphanCare has enrolled 3,000+ orphans from 80+ orphanages islandwide, providing financial independence once they reach the age of 18. All orphan enrolments are guided by Article 2 of the UN Convention on the Rights of the Child, which advocates against all forms of discrimination, including race, cast, religion, ethnicity, etc. Governed by an independent body of elite trustees of strong social repute, OrphanCare has already made seven rounds of fund disbursement while providing qualitative care for 18+ orphans. (www.amanabank.lk/orphan-care) The bank’s mission towards enabling growth and enriching lives, led the bank to introduce its award-winning Gold Certificate Financing solution, which has served as a beacon of hope for over 50,000 customers, in their hour of need.

Further, the teams passion, commitment and engagement towards upholding the principles of its universal value proposition, brought Amãna Bank the valued accolade of being recognised as one of Sri Lanka’s Best Employer Brands by World HRD Congress.