Amãna Bank offers financing up to Rs. 3 m repayable up to 10 years for Govt. teachers, lecturers

Wednesday, 5 August 2020 01:19 - - {{hitsCtrl.values.hits}}

In recognition of its services to the society, Amãna Bank has extended the financing amount and repayment period for government teachers and lecturers.

The increased facility amount of up to Rs. 3,000,000 with a 10-year repayment period, enables customers to obtain a facility at an affordable instalment against their salary. This will be applicable for financing facilities to purchase property, construction materials, vehicles, solar panels, furniture, household and personal appliances in a convenient ‘pay as you can’ mechanism, without the burden of having guarantors or pledging security.

Amãna Bank Head of Retail Advances Ramakrishnan Kirubakaran commenting on the offering said, “We are honoured to extend this service to the teachers and lecturers, who play a key role in disseminating knowledge to the children and youth of the country. We have tailor-made the offering to this segment enabling them to enjoy increased purchasing power to uplift their lifestyle.”

Amãna 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.