Amãna Bank opens branch in Old Moor Street

Amãna Bank recently opened a new branch in Old Moor Street, furthering its reach in and around Colombo for customers to access its non-interest based unique banking model as well as strengthen its focus on the country’s SME sector. 

The new branch located at No. 330, Old Moor Street, Colombo 12 was declared open by the bank’s Deputy Chairman Tyeab Akbarally along with the bank’s Chief Executive Officer Mohamed Azmeer. The opening was graced by the bank’s Board of Directors, senior management, customers and other invitees. 

Commenting on the opening, the bank’s Chief Executive Officer Mohamed Azmeer said: “We are happy to extend our services and offer convenience to our current and potential customers in the vicinity of Old Moor Street, the hub of Sri Lanka’s hardware industry. The bank’s strategic focus is towards enriching and enabling the growth of the SME sector. We are in a time, where the focal point of country’s fiscal and monetary authorities is constantly revolving around the development of SMEs, as they play a significant role to help sustain economic growth, generate employment and nurture entrepreneurship. However SMEs face varied challenges. With a thorough understanding of their limited access to capital, markets and skills, we offer a service proposition that will augment their business to the next level.”

Amãna Bank offers variety of products catering to the growing needs of SMEs, including working capital financing, trade financing (LC, document negotiations, post import finance, letters of guarantee), term financing and leasing. With a view of enriching customer convenience, the Bank offers its customers internet and mobile banking facilities to bank in comfort and on the go as well as a debit card which has access to 3,500 ATMs island wide and online payment capabilities.

 The Old Moor Street Branch also offers the bank’s award winning Gold Certificate Financing Facility, which was introduced as an alternative for conventional pawning.