Amana Bank has been assigned a long-term investment-grade rating of BBB+ with a Stable Outlook by Lanka Rating Agency (LRA) following its initial rating assessment. LRA is an independent credit rating agency approved by the Central Bank of Sri Lanka.
According to LRA’s communiqué, the rating reflects the Bank’s strong asset quality, enhanced capitalization, and consistent growth and performance over the years, when compared to other banks in its category.
As of Q3 2024, Amana Bank recorded an industry-low Stage 3 Impairment Ratio of 1.4%, underscoring its robust credit risk management. The Bank also achieved an impressive CASA ratio of 42.3%, setting a benchmark for the industry.
Amana Bank’s Chairman, Asgi Akbarally said, stated: “This rating achievement comes at a time when the Bank is reaffirming its position as a trusted and resilient financial institution. It not only reflects our financial strength and sustainable growth but also opens new opportunities to further expand our footprint and enhance our offerings, paving the way for greater value creation for all our stakeholders.”
