COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – Amana Bank, Sri Lanka’s pioneering non-interest-based Islamic commercial bank, celebrated its 14th anniversary on August 1, 2025, marking a significant milestone in its journey since its inception in 2011.
Starting with a limited branch network, Amana Bank has grown rapidly, now serving over 500,000 customers across 68 locations, including 33 branches and 35 self-banking centres. The bank’s growth highlights its commitment to providing customer-centric and development-focused banking services, making it a key player in Sri Lanka’s banking sector.
In terms of financial performance, Amana Bank has demonstrated remarkable growth. By Q1 2025, the bank’s total assets were nearing LKR 190 billion. Customer deposits stood at LKR 159 billion, while customer advances reached LKR 125 billion. In 2024, Amana Bank recorded a Profit After Tax of LKR 1.8 billion, enabling it to maintain its dividend-paying tradition for the seventh consecutive year, with total dividends exceeding LKR 2 billion since 2018.
Amana Bank’s strong financial performance has earned recognition from Fitch Ratings Sri Lanka, which recently upgraded its National Long-Term Rating to BBB-(lka) with a Stable Outlook. Additionally, the Lanka Rating Agency assigned an initial rating of BBB+, further reinforcing the bank’s creditworthiness.
The bank’s primary shareholder is the Jeddah-based IsDB Group, which has been pivotal in supporting Amana Bank’s growth.
Commenting on the anniversary, Mohamed Azmeer, Managing Director/CEO of Amana Bank, said: “As we mark 14 years, we reflect on our journey. We have faced significant challenges, including the Easter Sunday attacks, the global COVID-19 pandemic, and Sri Lanka’s economic crises. Despite these hurdles, our commitment to providing people-friendly banking with a focus on growth and development remains unwavering.”
Amana Bank’s journey continues to inspire confidence in the banking sector, reflecting its strong foundation and resilience through difficult times.
