Tue, 28 Mar 2023 Today's Paper

Amana Bank gets CB extensions to beef up capital

31 August 2015 03:14 am - 0     - {{hitsCtrl.values.hits}}

A A A

Amana Bank PLC, the only licensed bank in the country carrying out operations under the principles of Islamic banking said it had received extensions from the Central Bank to beef up its capital base.

Accordingly the bank will get time to comply with the minimum capital requirement of Rs.5 billion by January 1, 2016, Rs.7.5 billion by January, 1 2017 and Rs.10 billion by January 1, 2018. 

The bank’s core capital or Tier 1 capital stood at Rs.4.66 billion as at June 30, 2015.

In the first half ended June 2015, the bank returned to profits with a net profit of Rs.71 million against Rs.135 million net loss in the corresponding six months of the previous year. 

  Comments - 0


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Import of South Indian eggs: Sri Lanka walks on Indian eggshells

With the increase in egg prices the government decided to import eggs to regu

Wokeism: Is it destructive, or are you afraid of change? A response

In order to critically discuss a movement, we must first understand its etymo

Defeat in Ananthapuram Battle denoted the LTTE’s end

Many battles were fought during the long war between the Sri Lankan armed for

Wokeism: A Weapon of Mass Destruction?

When can one say they’ve had enough of being in a state of ‘wokeness’ a