Amãna Bank PLC operates as a banking institution that offers a range of services, including accepting customer deposits, personal banking, lease financing, home and property financing, gold facilities, resident and non-resident foreign currency operations, trade financing, import and export financing, equipment, and machinery financing, working capital financing, and project financing. The company's deposits include demand deposits, savings deposits, time deposits, and other deposits.
Business...
Amãna Bank PLC operates as a banking institution that offers a range of services, including accepting customer deposits, personal banking, lease financing, home and property financing, gold facilities, resident and non-resident foreign currency operations, trade financing, import and export financing, equipment, and machinery financing, working capital financing, and project financing. The company's deposits include demand deposits, savings deposits, time deposits, and other deposits.
Business Segments
The company operates through three business segments: Consumer Banking, Business Banking, and Treasury.
Consumer Banking
This segment focuses on individual customers and offers services such as deposits, consumer financing (including asset financing, lease financing, and gold facilities), and home and property financing.
Business Banking
This segment caters to corporate and SME customers and offers a range of services, including deposits, trade financing, overdraft facilities, equipment, and machinery financing, working capital financing, and lease financing.
Treasury segment
This segment involves placing funds with other banks and financial institutions, making equity investments, and managing exposures in foreign exchange.
Loans
The company provides various types of loans to its customers, including financing for personal needs, housing and property, vehicles, and businesses. In the personal loans category, the company offers financing options for various purposes, such as education, healthcare, weddings, and other personal expenses. For housing and property financing, the bank provides loans for the purchase, construction, and renovation of residential and commercial properties. The company also offers vehicle financing, allowing individuals to purchase new or used cars, motorcycles, and other vehicles.
Investment Portfolio
The company maintains an investment portfolio consisting of government securities, corporate debt securities, equity investments, and other financial instruments. The company also holds other financial instruments such as certificates of deposit, commercial papers, and mutual fund units.
Geographical Market Served
The company primarily serves the geographical market of Sri Lanka and provides banking services to individuals, businesses, and corporations in the country.
Regulations
The company adheres to various government regulations, including the Companies Act No. 07 of 2007, the Banking Act No. 30 of 1988 and its amendments, and the Banking Act Direction No. 11 of 2007 on Corporate Governance for Licensed Commercial Banks issued by the Central Bank of Sri Lanka.
History
Amãna Bank PLC was incorporated in Sri Lanka in 2009.