Amana Bank expands reach in Eastern Province

Amana Bank opened its 16th branch at 40/5, Main Street, Nintavur on 8 January 2013, expanding its presence and reach in the Eastern Province. The new branch will offer the citizens of Nintavur a different experience with its unique banking model.

The launch was attended by Al Haj Mohamed Saththar, Registrar, South Eastern University of Sri Lanka, Oluvil, the bank’s Managing Director/CEO Faizal Salieh, Chief Operating Officer Mohamed Azmeer, and members of the corporate management team, local businessmen and customers.

Addressing the gathering, Faizal Salieh said, “We want to have a strong presence in the Eastern Province as we see tremendous potential and opportunities in this area in the post-conflict era. With our unique banking proposition based on the principals of fairness, justice and equity, we believe that we can add a new value adding dimension to the growth and development of the consumer and the SME business segments in this area, particularly agriculture, fisheries and trading.”

Nintavur will be the bank’s sixth branch situated in the Eastern Province which includes Kattankudy, Kalmunai, Oddamavadi, Sammanthurai and Akkaraipattu. Customers of Nintavur can now enjoy services such as current accounts, savings accounts, resident foreign currency (RFC) accounts, non resident foreign currency (NRFC) accounts, children’s savings accounts, term investment accounts, housing finance, leasing facilities, SME banking, corporate banking, trade services and Treasury Services. The branch also houses an ATM machine, providing 24/7 access to customers.

The bank has aggressive plans to expand its reach this year and to introduce new products and services to offer greater convenience to its customers.  Al Haj Mohamed Saththar and the bank’s Vice President – Operations and Business Support M.M.S Quvylidh also spoke at this occasion.

Amana Bank is the first licensed commercial bank in Sri Lanka which fully functions on the principles of Sharia banking. Powered by the stability and the support of its strategic shareholders Bank Islam Malaysia Berhad, the Islamic Development Bank based in Saudi Arabia and AB Bank in Bangladesh, Amana Bank is making an aggressive journey in the Sri Lankan banking industry.

While already being the market leader in Sharia-based banking, Amana Bank is focused on capitalising on the growing market potential for this unique banking concept among all communities in the country.