Amãna Bank, Sri Lanka’s flagship non-interest based banking provider, has obtained approval from CBSL to disburse Rs 1,904 million in re-financing to its customers under CBSL’s Saubagya Covid-19 Renaissance Facility scheme having received applications from 180 customers. Commenting on the Bank’s contribution towards the Saubagya Covid-19 Renaissance Facility, the Bank’s Vice President Business Banking Irshad Iqbal said “We wish to commend CBSL in introducing and subsequently enhancing the limits of the Saubagya Covid-19 Renaissance Facility. We truly feel that this scheme has contributed towards providing relief which is a lifeline for many small businesses in the current unprecedented times. In October 2020 Fitch Ratings Sri Lanka affirmed the National Long Term Rating of Amãna Bank to BB+(lka) with a Stable Outlook. Amãna Bank does not have any subsidiaries, associates or affiliated institutions, other than the ‘OrphanCare’ Trust.

Source: The Nation November 16, 2020 11:00 UTC