July, 13, 2020
Amana Bank opened its 32nd branch in Matale extending its unique non-interest based participatory Banking model to the people of Matale.
Located at 392, Main Street (Trincomalee Street) Matale, this serves to be the Bank’s first branch in the Matale District. This branch will act as an addition to the network further expanding the Bank’s reach. The branch, while offering a full spectrum of Retail and SME banking products, will also avail the Bank’s award winning Gold Certificate financing solution, which was introduced as an alternative for conventional pawning. Customers will also benefit from the 24 hour Self Banking Zone for Cash Deposits, Cash Withdrawals and Cheque Deposits.
Commenting on the new branch, the Bank’s Chief Executive officer Mohamed Azmeer said,
“We are delighted to step foot at Matale to facilitate citizens and businesses of this locality to experience our unique way of Banking keeping true to our mission of Enabling Growth and Enriching Lives of our customers”.
Amana Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based people friendly banking model. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches and Self Banking Centres spread across the country while having access to 4500+ ATMS for withdrawals and 700+ Pay&Go Kiosks for real time deposits. Customer can also benefit from an array of customer conveniences such as Internet & Mobile Banking, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies.
Amana 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 IsDB Group being the principal shareholder having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. In June 2020 Fitch Ratings Sri Lanka declared an upward revision of the National Long Term Rating of Amãna Bank to BB+(lka) with a Stable Outlook. Amãna Bank is a standalone entity which does not have any subsidiaries, associates or affiliated institutions, other than the ‘OrphanCare’ Trust.
Photo caption: Amãna Bank CEO Mohamed Azmeer along with the Bank’s Management Committee members, distinguished customers and Branch Manager Ifham Inthisar opening the Matale Branch