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Corporate Profile 2020

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Corporate Profile 2020 CORPORATE PROFILE Enabling Sri Lanka’s first ever revolutionary aquaculture project, establishing a sustainable farm in the ocean to cultivate fresh fish of the highest quality and taste VISION To be an admired leader in providing equitable financial solutions, not limited to numerics, but also in earning the trust of our customers, employees, shareholders and country. MISSION To adopt a unique and people friendly approach with a passion for continuous improvement, enabling growth and enriching lives of our customers. Strengthening Sri Lanka’s renewable energy resources through partnerships on Mini Hydro Power Plant Projects Who we are Amãna Bank is the first and only Licensed Commercial Bank in Sri Lanka to conduct all its operations under the principles of Islamic banking and be fully disengaged from interest based transactions, offering the full spectrum of Retail Banking, SME Banking, Corporate Banking, Treasury and Trade Finance Services. With the mission of Enabling Growth and Enriching Lives, the Bank reaches out to its customers through a growing network of branches and Self Banking Centres spread across the country while having access to 4000+ ATMs for withdrawals and 700+ Pay&Go kiosks for deposits. Customer can also benefit from an array of customer conveniences such as Internet & Mobile Banking, Debit Card with SMS alerts, Online Account Opening, 365 Day Banking, Saturday Banking, Extended Banking Hours, 24x7 Cash Deposit Machines and Banking Units Exclusively for Ladies. Amãna Bank was recognized as the Best ‘Up-and-Comer’ Islamic Bank of the World by ‘Global Finance Magazine’ at the 18th Annual World’s Best Banks Award Ceremony held in Washington DC, USA. The Bank was also bestowed the coveted title ‘Islamic Finance Entity’ at the inaugural Islamic Finance Forum of South Asia Awards Ceremony. Fitch Ratings has assigned Amãna Bank with a National Long Term Rating of BB+(lka) with a Stable Outlook. Amãna Bank PLC is a stand-alone institution licensed by the Central Bank of Sri Lanka and listed on the Colombo Stock Exchange with Jeddah based IDB Group being the principal shareholder having a 29.97% stake of the Bank. The IDB Group is a ‘AAA’ rated multilateral development financial institution with a capital base of over USD 150 Billion which has a membership of 57 countries. Powered by the stability and support of the IDB Group along with other strategic shareholders, Amãna Bank is making strong inroads within the Sri Lankan banking industry and is focused on capitalizing on the growing market potential for its unique banking model across the country. Our Reach Product & Services Contributing towards the establishment of a Maritime Hub by financing bunkering services Board of Directors and CEO ALI ASGHAR (ASGI) AARON RUSSELL-DAVISON AKBARALLY Chairman and Non-Executive, Non-Executive, Independent Director Non-Independent Director RAJIV NANDLAL DVIVEDI Non-Executive, Independent Director PRADEEP DILSHAN RAJEEVA HETTIARATCHI Non-Executive, Independent Director Board of Directors and CEO SYED MUHAMMED ASIM MOHAMED AZMEER RAZA Non-Executive, Non-Independent Chief Executive Officer Director MOHAMMED ATAUR RAHMAN CHOWDHURY Non-Executive, Non-Independent Director KHAIRUL MUZAMEL PERERA BIN ABDULLAH Non-Executive, Non-Independent Director Independent Sharia Supervisory Council Dr. Muhammad Imran Ashraf Usmani (Chairman) Ash-Sheikh Ustad Mohd Nazri Bin Chik (Vice Chairman) Ash-Sheikh M M A Mubarak Ash-Sheikh Mufti M I M Rizwe Ash-Sheik Mufti Muhammad Hassan Kaleem Strategic Shareholders Islamic Development Bank Islamic Corporation for the Development of the Private Sector Bank Islam Malaysia Akbar Brothers 5 Year Financial Summary 2019 2018 2017 2016 2015 Financing Income (LKR ‘000) 7,709,286 6,883,222 5,544,237 4,039,624 2,885,932 Financing Expenses (LKR ‘000) 4,544,371 3,522,889 2,790,618 2,115,335 1,405,259 Net Operating Income (LKR ‘000) 3,967,690 3,627,890 3,098,138 2,216,095 2,064,305 Operating Profit before VAT, NBT and DRL (LKR ‘000) 1,376,674 1,322,237 1,058,565 271,078 370,964 Profit Before Tax (LKR ‘000) 844,848 902,199 739,319 102,812 218,716 Profit After Tax (LKR ‘000) 460,931 556,446 502,828 40,640 158,629 Total Assets (LKR ‘000) 86,579,570 77,269,767 63,540,083 54,314,987 47,741,872 Advances (LKR ‘000) 57,716,961 52,853,663 42,914,144 38,451,662 33,073,596 Deposits (LKR ‘000) 71,614,753 61,722,683 50,922,561 46,915,290 38,467,460 Net Asset Value Per Share (LKR) 4.74 4.65 4.52 4.63 4.58 Net NPA (%) 1.5 0.9 0.7 0.4 0.3 We are honoured to be awarded the Best ‘Up-and-Coming’ Islamic Bank of the World! Awards & Accolades 2019 • Best Islamic Financial Institution in Sri Lanka - Global Finance Awards • Best Islamic Bank in Sri Lanka by The Banker • Social Responsible Bank of the Year – IRB Awards • Gold Award for Finance Entity of the Year at SLIBFI Awards • Gold Award for Marketing Campaign of the Year at SLIBFI Awards • Silver Award for Product of the Year at SLIBFI Awards • Bronze Award for Deal of the Year at SLIBFI Awards • Silver Award for Bank of the Year in South Asia at IFFSA Awards • Bronze Award for Entity of the Year at IFFSA Awards • Gold Award for Product of the Year at IFFSA Awards • Gold Award for ‘Best Common ATM Acquirer of the Year’ at LankaPay Technnovation Awards • Best Islamic Retail Bank – Global Banking & Finance Review Awards 2018 • Global Finance Awards - Best Islamic Finance Institution in Sri Lanka • The Banker Awards - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Bank of the Year in South Asia at IFFSA Awards 2018 • Bronze Award for Islamic Finance Entity of the Year at IFFSA Awards 2018 • Bronze Award for Islamic Finance Product of the Year (Apartment Financing) at IFFSA Awards 2018 • Global Business Outlook Award – Best SME Bank in Sri Lanka • Global Business Outlook Award – Best Islamic Retail Bank in Sri Lanka • Global Brands – Best Islamic Finance Brand in Sri Lanka • Gold Award for Islamic Finance Campaign of the Year (Gold Certificate Financing) at SLIBFI Awards 2018 • Silver Award for Islamic Finance Entity of the Year at SLIBFI Awards 2018 • Gold Award for Islamic Finance Product of the Year (Apartment Financing) at SLIBFI Awards 2018 Awards & Accolades 2017 • Global Finance Awards - Best Islamic Finance Institution in Sri Lanka • The Banker Awards - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Product of the Year (Education Financing) at SLIBFI Awards 2017 • Gold Award for Islamic Finance Campaign of the Year (Gold Certificate Financing) at SLIBFI Awards 2017 • Silver Award for Islamic Finance Deal of the Year at SLIBFI Awards 2017 2016 • Global Finance Awards for Best Islamic Finance Institution in Sri Lanka • Listed in Global Finance Magazine’s Innovators Index for the Bank’s Gold Certificate Financing product • The Banker Magazine - Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Entity of the Year at the inaugural Islamic Finance Forum of South Asia Awards Night • Gold Award for Islamic Finance Deal of the Year at the inaugural Islamic Finance Forum of South Asia Awards Night • Silver Award for Islamic Finance Product of the year at the inaugural Islamic Finance Forum of South Asia Awards Night • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group 2015 • Global Finance Awards Best Islamic Finance Institution in Sri Lanka • Gold Award for Islamic Finance Product of the Year (Gold Certificate Financing) at SLIBFI Awards 2015 • Silver Award for Islamic Finance Product of the Year (Savings Plan) at SLIBFI Awards 2015 • Silver Award for Islamic Finance Entity of the Year at SLIBFI Awards 2015 • Silver Award for Islamic Finance Deal of the Year at SLIBFI Awards 2015 • Ranked amongst Sri Lanka’s 100 Most Valuable Brands by Brand Finance • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group Awards & Accolades 2014 • Global Finance Award for Best ‘Up-and-Comer’ Islamic Bank of the World • Global Finance Awards Best Islamic Finance Institution in Sri Lanka • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group 2013 • Gold Award for Islamic Finance Entity of the Year at the Sri Lanka Islamic Banking and Finance Industry Awards Night • Gold Award for Islamic Finance Deal of the Year at the Sri Lanka Islamic Banking and Finance Industry Awards Night for financing the Lower Kotmale Mini Hydro Power Project • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group 2012 • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group • Global Commerce Excellence Award for bringing in foreign investment during times of terrorism, awarded by Central Bank of Sri Lanka, Board of Investment, Sri Lanka Ports Authority and Airport Aviation Services of Sri Lanka • Sri Lanka Islamic Banking and Finance Industry Award for Islamic Finance Entity of the Year adjudged by KPMG • Silver Award for Overall Annual Report under the 'National Banks' category at the 26th ARC Awards organized by New York based Mercomm Inc. 2011 • Islamic Finance News Poll Award for Best Islamic Bank in Sri Lanka awarded by Malaysian based RedMoney Group Have you ever considered what happens to an orphan once they reach the age of 18? We have seen and responded to orphans as children calling out for our support. However, we have been blind to their problems as they reach maturity. As vulnerable young adults, they are often flung in to society without guidance or support.
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