Amăna Bank records impressive growth
 Amana Bank has showcased an impressive growth for the first nine
months of 2014, according to the quarterly financial statements released
to the Colombo Stock Exchange recently.
The Bank has achieved a financing income of Rs 1,798 million, a
growth of 43% compared to the corresponding period of last year, while
net financing income grew 85% to reach Rs 900 million.
The Bank achieved an operating income of Rs. 1,215 million, a growth
of 58%.
As a result of the growing popularity and acceptance of the Bank's
business proposition, the Bank's advance and deposit portfolios recorded
significant growth during the nine months ending September 30, 2014.
Total advances recorded a growth of 31% to reach Rs. 19,668 million
while total deposits recorded a growth of 46% to reach Rs.26,302 million
demonstrating the strengthening of customer confidence.
The Bank's Chief Executive Officer Mohamed Azmeer said, "I am happy
to note the performance of the Bank, especially considering the
challenging environment.
In the first nine months of 2014 we have seen an impressive growth
momentum from all business segments which includes consumer, SME and
corporate banking along with treasury operations."
"As a result of this momentum, the Bank has achieved a break-even
level of profitability on a monthly basis since August 2014," he said.
|
