Amana Bank amongst LMD’s Most Respected

Monday, 14 October 2019 00:00 - - {{hitsCtrl.values.hits}}

Amãna Bank, Sri Lanka’s torchbearer of non interest based participatory banking, was recognised amongst the Most Respected Entities in Sri Lanka in LMD’s 15th annual edition of ranking the country’s most respected entities.

Commissioned and conceptualised by LMD and conducted by Nielsen, The Most Respected Ranking Index is based on the opinions of the general public. Respondents include managers and above of listed companies with their views obtained under 10 areas of evaluation which include financial performance, quality consciousness, management profile, honesty, innovation, dynamism, corporate culture, CSR, vision and national mindedness.

Commenting on this recognition the Bank’s Chief Executive Officer Mohamed Azmeer said, “It is indeed an honour for Amãna Bank to be recognised amongst Sri Lanka’s Most Respected Entities. Being ranked in this prestigious ranking index, testifies the Bank’s unique approach to reach out and create value for all our stakeholders through our people friendly banking model. I am thankful to all our customers for continuing to place their trust and confidence in us.”

Amãna Bank’s value creation is not only limited to its customers but also extended to society and such was testified with the recent launch of the Bank’s flagship CSR venture Amãna Bank OrphanCare under the patronage of former President Chandrika Bandaranaike Kumaratunga. Established as an independent trust under the auspices of the Bank, OrphanCare aims to address a very important yet mostly unattended need of orphan children; which is the fate of orphans once they reach the age of 18 and are compelled to leave institutional care. As a part of this novel approach, the bank has deployed a special fund through which periodical deposits will be made to accounts of orphans until they reach 18. More details on this initiative as well as how one can be a part of it can be found at www.amanabank.lk/orphan-care.

The Bank was also recently featured in the LMD 100 which is the local equivalent to Fortune 500 ranking of business entities based on their asset size.

Amãna Bank is the country’s first and only Licensed Commercial Bank to operate in complete harmony with the globally growing non-interest based participatory banking model. .