Amana Bank honoured with Euromoney accolade

Wednesday, 24 July 2024 00:06 - - {{hitsCtrl.values.hits}}

Amana Bank Managing Director/CEO Mohamed Azmeer

Cementing its leadership status for non-interest based banking in the country, Amana has been honoured with the title of ‘Best Islamic Bank in Sri Lanka’ at the prestigious Euromoney Islamic Finance Awards.

As cited by Euromoney, this accolade reflects Amana Bank’s remarkable year of growth, innovation, and unwavering commitment to people-friendly banking.

The Euromoney Islamic Finance Awards, which is part of Euromoney’s globally accepted award platforms, is given to non-interest based financial institutions that have demonstrated outstanding performance during the previous 12 months and recognises institutions that have made an impact in their respective markets and contributed to the development of the non-interest based banking and the finance market in general.

The awards are judged by a panel made up of Euromoney’s journalists and a research team, following a strict performance-based evaluation criteria.

During 2023, Amana Bank achieved its best ever financial performance with a 76% growth in Profit After Tax to reach Rs. 1.4 billion, while also strengthening its capital base to Rs. 20 billion with a fresh capital infusion, which places the bank on a robust launch pad to grow and seize potential opportunities.

Amana Bank Managing Director/CEO Mohamed Azmeer said: “We are honoured to have once again received a global accolade to recognise Amana Bank’s leadership in non-interest based banking. This award is a testament to our commitment to promote people-friendly banking to drive the economic growth of our country, while enabling growth and enriching the lives of our customers.”