August 24, 2016 10:53 PM ET

Banks

Company Overview of Amana Bank PLC

Company Overview

Amãna Bank PLC provides Sharia-based commercial banking services in Sri Lanka. It operates through Consumer Banking, Business Banking, and Treasury segments. The company offers current accounts, savings accounts, term investment accounts, foreign currency accounts, salary accounts, children’s savings accounts, ladies savings accounts, and senior citizen savings accounts, as well as savings plans and pension savers accounts. It also provides leasing, home financing, easy payment plan, education financing, and solar financing; and corporate financing for raw material, inventory, equipment, asset financing, vehicle financing, or any other asset to be purchased. In addition, the company offers S...

No. 480, Galle Road

Colombo,  3

Sri Lanka

Founded in 2009

683 Employees

Phone:

94 11 775 6000

Fax:

94 11 471 8148

Key Executives for Amana Bank PLC

Amana Bank PLC does not have any Key Executives recorded.

Amana Bank PLC Key Developments

Amana Bank PLC Announces Earnings Results for the First Quarter Ended March 31, 2016

Amana Bank PLC announced earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported net financing income of LKR 408,558,000 against LKR 355,719,000 a year ago. Total operating income was LKR 578,745,000 against LKR 464,070,000 a year ago. Net operating income was LKR 569,479,000 against LKR 449,077,000 a year ago. Profit before tax was LKR 50,529,000 against LKR 23,065,000 a year ago. Profit for the period was LKR 38,279,000 against LKR 23,065,000 a year ago. Basic and diluted earnings per share were LKR 0.03 against LKR 0.02 a year ago. Net asset value per ordinary share was LKR 4.58 as on March 31, 2016. Net cash flow from operating activities was LKR 228,690,000 against LKR 402,337,000 a year ago. Acquisition of property, plant & equipment was LKR 19,524,000 against LKR 18,141,000 a year ago. Acquisition of intangible assets was LKR 14,525,000 against LKR 4,767,000 a year ago. Return on assets (before tax) was 0.4% and return on equity was 2.6%.

Amana Bank PLC, Annual General Meeting, May 27, 2016

Amana Bank PLC, Annual General Meeting, May 27, 2016, at 16:00 Sri Lanka Standard Time. Location: Main Banquet Hall, Bandaranaike Memorial International Conference Hall (BMICH) Bauddhaloka Mawatha Colombo 7 Sri Lanka Agenda: To receive and consider the annual report of the board and the financial statements of the bank for the financial year ended December 31, 2015 together with the report of the auditors there on; to re-elect the directors who retire by rotation in terms of Article 29 (6) of the Articles of Association of the company; to re-appoint Messrs Ernst & young, Chartered Accountants, as the auditors, for the ensuing year and authorise the directors to determine their remuneration; to re-appoint the Sharia Supervisory Council; and to discuss other matter.

Amana Bank Appoints Samitha Dayani de Silva as Company Secretary

Amana Bank has appointed Samitha Dayani de Silva as company Secretary. The effective date is, March 19, 2016.

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