July 14, 2014 3:42 AM ET

Banks

Company Overview of Amana Bank Limited

Company Overview

Amana Bank Limited provides commercial banking products and services in Sri Lanka. The company operates through Consumer Banking, Business Banking, and Treasury segments. It offers current accounts, savings and term investment accounts, foreign currency accounts, children’s savings accounts, personal salary accounts, ladies savings accounts, senior citizen savings accounts, overdrafts, and home finance and leasing services, as well as easy payment plan services. The company also provides SME and corporate banking products comprising deposit products, such as current, savings, and term investment accounts; and financing products consisting of working capital, trade, term, project, equipment a...

480, Galle Road Colombo

Colombo,  3

Sri Lanka

Founded in 2009

560 Employees

Phone:

94 11 775 6000

Fax:

94 11 257 4419

Key Executives for Amana Bank Limited

Amana Bank Limited does not have any Key Executives recorded.

Amana Bank Limited Key Developments

Amana Bank Limited Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Amana Bank Limited reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net financing income was LKR 308,699,000 compared to LKR 136,438,000 for the same period in last year. Net operating income was LKR 345,774,000 compared to LKR 225,430,000 for the same period in last year. Loss before tax was LKR 49,325,000 compared to LKR 72,685,000 for the same period in last year. Loss for the period was LKR 49,325,901 compared to LKR 72,685,000 for the same period in last year. Loss per share was LKR 0.04 compared to LKR 0.08 for the same period in last year. Net cash flow from operating activities was LKR 2,010,168,000 compared to LKR 3,135,960,000 for the same period in last year. Acquisition of property, plant & equipment was LKR 16,466,000 compared to LKR 337,538,000 for the same period in last year. Acquisition of intangible assets was LKR 3,233,000 compared to LKR 95,641,000 for the same period in last year.

Amana Bank Limited Announces Board Changes

Amana Bank Limited announced that Jeroen Petrus Margarctha Maria Thijs has tendered his resignation from office as director of the company with effect from April 7, 2014. Khairul Muzamel Perera Abdullah has revoked his position as the alternate director to Jeroen Petrus Margarctha Maria Thijs with effect from April 7, 2014.

Amana Bank Limited Announces Audited Earnings Results for the Year Ended December 31, 2013

Amana Bank Limited announced audited earnings results for the year ended December 31, 2013. For the year the company reported net financing income was LKR 718,053,837 compared to LKR 568,546,817 for the same period in last year. Net operating income was LKR 960,239,734 compared to LKR 1,237,796,169 for the same period in last year. Loss before tax was LKR 438,004,989 compared to profit before tax of LKR 205,803,944 for the same period in last year. Loss for the Year was LKR 317,033,901 compared to profit for the Year of LKR 145,994,652 for the same period in last year. Loss per share was LKR 0.33 compared to earnings per share of LKR 0.16 for the same period in last year. Net cash flow from operating activities was LKR 3,135,960,340 compared to LKR 231,227,798 for the same period in last year. Acquisition of property, plant & equipment was LKR 337,537,707 compared to LKR 282,473,784 for the same period in last year. Acquisition of intangible assets was LKR 95,640,546 compared to LKR 114,384,694 for the same period in last year.

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