Amana Bank PLC (PB 3618 PQ) |
Financial Statements |
31 March 2026 |
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 in banking with a passion for continuous improvement, enabling growth and enriching lives.
Amana Bank Records Best-Ever PBT & PAT for Q1
Amana Bank continued to deliver a strong performance in Q1 2026, demonstrating resilience amidst a challenging economic environment impacted by the effects of Cyclone Ditwah and the instability in the Middle East. Amidst these challenges, Amana Bank recorded a Profit Before Tax of LKR 0.8 billion, reflecting a 14% YoY growth, while Profit After Tax surpassed LKR 0.5 billion, marking a 16% increase compared to the profitability recorded in Q1 2025.
On the Bank's top line performance, Net Financing Income grew by 14% YoY to reach LKR 2.2 billion supported by a healthy financing margin of 4.4%. Net Fee and Commission Income continued its strong momentum, growing by 25% YoY to close Q1 at LKR 0.4 billion. As a result, Total Operating Income increased by 13% to reach LKR 2.7 billion, while Net Operating Income, after accounting for 31% reduction in impairment charges, went up by 16%, closing the quarter at LKR 2.6 billion. Despite the pressures arising from geopolitical tensions, which contributed to higher energy prices and exchange rate volatility resulting in the Bank's cost to income ratio increasing to 54%, the Bank continued to demonstrate resilience by recording a 11% YoY growth in Operating Profit before all taxes to close Q1 at LKR 1.1 billion. The Bank's aggregate tax contribution of LKR 0.6 billion accounted for a significant 56% of the Bank's Operating Profit before all taxes.
The Bank consolidated its balance sheet performance, with Customer Advances growing to LKR 152.3 billion largely driven by the Bank's SME financing portfolio, which continues to support a key sector of the national economy. The Bank's Stage 3 Impairment Ratio (NPA) of 1.2% remained one of the lowest in the industry as a result of the Bank's effective risk management and underwriting standards, driven by its unique development focussed and people friendly approach to banking. Customer Deposits closed the quarter at LKR 170.8 billion while maintaining an industry high CASA ratio of 44%.
Reinforcing its sustained upward profitability trend, the Bank's Return on Equity improved from 7.6% in Q1 2025 to 8.1% in Q1 2026, while Return on Assets read at 1.7%. The Bank's capital position remained robust, with the Common Equity Tier 1 Capital Ratio closing at 13.2% and the Total Capital Ratio at 14.9% - comfortably above the regulatory minimum requirements of 7% and 12.5%, respectively - underscoring the Bank's financial profile and stability. Liquidity buffers remained strong as at Q1 2026, with the Liquidity Coverage Ratios for Rupee and All Currency standing at 242.4% and 173.9%, respectively, and the Net Stable Funding Ratio at 142.4%, all comfortably exceeding the regulatory minimum requirement of 100%.
Towards advancing its sustainability agenda, the Bank continued to support the OrphanCare initiative by contributing a part of its profits, reflecting its belief that savings orphans from a second abandonment is not just a charity, but a responsibility. OrphanCare is guided by Article 2 of the United Nations Convention on the Rights of the Child, ensuring that all enrolments takes place without discrimination based on race, religion, ethnicity, region etc. Further strengthening its sustainability efforts, the Bank continued financing activities in alignment with the Central Bank of Sri Lanka's Sustainable Finance Road Map and Green Finance Taxonomy guidelines. In support of the Central Bank's Financial Literacy Road Map, the Bank also carried out over 30 financial literacy programmes during the quarter, reaching more than 4,000 individuals including students, undergraduates, MSMEs,
women entrepreneurs and community groups. Towards enhancing sustainability reporting practices, the Bank has already established the SLRFS S1 & S2 reporting framework.
Commenting on the Bank's Q1 performance Chairman Asgi Akbarally said "Despite the external challenges experienced during the quarter, the Bank continued to demonstrate resilience and stability, recording its best-ever Q1 performance while further strengthening its balance sheet fundamentals. These results reflect the strength of our unique non-interest based banking model, which remains firmly centred on fairness, responsible growth and creating sustainable value for all stakeholders."
Also sharing his insights on the Bank's performance Managing Director/CEO Mohamed Azmeer quoted "Our strong profitability performance in Q1 2026 reflects the Bank's continued strategic focus on quality growth, disciplined risk management and customer-centric banking. The sustained growth in our financing portfolio, particularly within the SME sector, together with one of the industry's lowest impairment ratios and a strong CASA position, signifies the resilience of our development focussed and people friendly approach to banking whilst continuing to support Sri Lanka's economic progress. Importantly, this Q1 performance has laid a strong foundation for the Bank's growth momentum for the rest of the year, where we will continue to strengthen our focus on the SME sector, which remains well aligned with our banking model and strategically important towards the revival of the national economy. Further advancing financial inclusion and digital accessibility, the Bank will continue to expand its outreach to rural communities through its growing Self Banking Centre network, having already opened five new Self Banking Centres during the year thus far. On behalf of the management, I wish to extend my sincere appreciation to our Board of Directors for their guidance, our employees for their dedication, our customers for their trust and confidence, and our shareholders for their continued support towards the Bank's sustained progress."
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 IsDB Group being the principal shareholder of the Bank. The IsDB Group is a 'AAA' rated multilateral development financial institution with a membership of 57 countries. Testifying its position as a leading practitioner of the non-interest based banking model, Amãna Banks continued to be recognized amongst the Top 50 Strongest Islamic Banks in the World by The Asian Banker. Amãna Bank does not have any subsidiaries, associates, or affiliated institutions apart from its engagement with OrphanCare as its Founding Sponsor.
STATEMENT OF PROFIT OR LOSS
QUARTER ENDED 31 MARCH
FOR THE
Financing Income | 2026 | 2025 | Change % | ||
(Rs. '000) | (Rs. '000) | ||||
4,430,690 | 3,987,898 | 11% | |||
Less: | Financing Expenses | 2,215,306 | 2,040,988 | 9% | |
Net Financing Income | 2,215,384 | 1,946,910 | 14% | ||
Net Fee and Commission Income | 379,956 | 304,353 | 25% | ||
Net Trading Income | 79,511 | 129,709 | (39%) | ||
Net Gains / (Losses) from Financial Investments at Fair Value through Profit or Loss | 12,246 | (3,257) | 476% | ||
Net Gains / (Losses) from Derecognition of Financial Assets | (1,683) | (50) | 3,266% | ||
Net Other Operating Income | 973 | 915 | 6% | ||
Total Operating Income | 2,686,387 | 2,378,580 | 13% | ||
Less: | Impairment Charges / (Reversals) | 92,106 | 134,199 | 31% | |
Net Operating Income | 2,594,281 | 2,244,381 | 16% | ||
Less: | Personnel Expenses | 698,628 | 625,714 | 12% | |
Depreciation and Amortisation of Property, Plant, Equipment and Right-of-Use Assets | 116,764 | 87,711 | 33% | ||
Other Operating Expenses | 646,640 | 513,331 | 26% | ||
Total Operating Expenses | 1,462,032 | 1,226,756 | 19% | ||
Operating Profit Before VAT on Financial Services and Social Security Contribution Levy | 1,132,249 | 1,017,625 | 11% | ||
Less: | VAT on Financial Services | 254,443 | 243,537 | 4% | |
Social Security Contribution Levy | 36,171 | 34,673 | 4% | ||
Profit Before Tax | 841,635 | 739,415 | 14% | ||
Less: | Tax Expense | 339,675 | 305,288 | 11% | |
Profit for the Period | 501,960 | 434,127 | 16% | ||
Earnings Per Share - - Basic / Diluted (in Rs.) | 0.91 | 0.79 | 16% | ||
STATEMENT OF COMPREHENSIVE INCOME
FOR THE | QUARTER ENDED 31 MARCH |
Profit for the Period | 2026 | 2025 | Change % |
(Rs. '000) | (Rs. '000) | ||
501,960 | 434,127 | 16% | |
Other Comprehensive Income/(Loss) | |||
Other Comprehensive Income not to be Reclassified to Profit or Loss in Subsequent Periods: | |||
Financial Assets - Fair Value through Other Comprehensive Income: | |||
Net Gain / (Loss) on Financial Assets - Fair Value through Other Comprehensive Income | (184,113) | 5,402 | (3,508%) |
(184,113) | 5,402 | (3,508%) | |
Net Comprehensive Income not to be Reclassified to Profit or Loss in Subsequent Periods: | (184,113) | 5,402 | (3,508%) |
Other Comprehensive Income / (Loss) for the Period Net of Tax | (184,113) | 5,402 | (3,508%) |
Total Comprehensive Income for the Period | 317,847 | 439,529 | (28%) |
Amãna Bank PLC (PB 3618 PQ)
STATEMENT OF FINANCIAL POSITION
AS AT | 31 MAR 2026 | 31 DEC 2025 | Change % |
(Rs. '000) | (AUDITED) (Rs. '000) | ||
Assets | |||
Cash and Cash Equivalents | 29,118,591 | 14,955,183 | 95% |
Balances with Central Bank of Sri Lanka | 4,808,826 | 7,733,586 | (38%) |
Placements with Banks | 7,530,581 | 22,989,871 | (67%) |
Placements with Licensed Finance Companies | 2,505,783 | 86 | 2,913,601% |
Derivative Financial Assets | 57,853 | 21,672 | 167% |
Financial Assets Designated at Fair Value through Profit or Loss | 107,673 | 38,963 | 176% |
Financial Assets at Amortised Cost - Financing and Receivables to Other Customers | 152,316,766 | 150,952,391 | 1% |
Financial Assets Measured at Fair Value through Other Comprehensive Income | 716,858 | 924,253 | (22%) |
Other Assets - Financial | 2,171,447 | 1,660,487 | 31% |
Property, Plant, Equipment And Right-of-Use Assets | 3,266,409 | 3,278,103 | (0%) |
Intangible Assets | 582,905 | 485,127 | 20% |
Other Assets - Non Financial | 679,940 | 653,682 | 4% |
Deferred Tax Assets | 613,123 | 613,123 | - |
Total Assets | 204,476,755 | 204,306,527 | 0% |
Liabilities | |||
Due to Banks | 2,019,831 | 1,881,171 | 7% |
Derivative Financial Liabilities | 21,280 | 479 | 4,343% |
Financial Liabilities at Amortised Cost - Due to Depositors | 170,791,524 | 172,073,723 | (1%) |
Other Liabilities - Financial | 4,600,405 | 3,697,750 | 24% |
Current Tax Liabilities | 973,956 | 852,449 | 14% |
Dividend Payable | 85,805 | 86,247 | (1%) |
Retirement Benefit Liability | 302,197 | 298,580 | 1% |
Other Liabilities - Non Financial | 276,538 | 331,013 | (16%) |
Total Liabilities | 179,071,536 | 179,221,412 | (0%) |
Shareholders' Funds | |||
Stated Capital | 17,636,716 | 17,633,461 | 0% |
ESOP Reserve | 84,155 | 85,153 | (1%) |
Statutory Reserve Fund | 479,223 | 479,223 | - |
Revaluation Reserve | 1,004,941 | 1,004,941 | - |
Fair Value Reserve | 447,983 | 632,096 | (29%) |
Retained Earnings | 5,752,201 | 5,250,241 | 10% |
Total Equity | 25,405,219 | 25,085,115 | 1% |
Total Liabilities and Shareholders' Funds | 204,476,755 | 204,306,527 | 0% |
Net Asset Value per Ordinary Share | 46.09 | 45.52 | |
Commitments and Contingencies | 56,219,350 | 44,123,937 | |
CERTIFICATION: |
I certify that these Financial Statements comply with the requirements of the Companies Act No. 07 of 2007. |
M. Ali Wahid |
Chief Financial Officer |
14 May 2026 |
We, the undersigned, being Chairman and Managing Director / Chief Executive Officer of Amana Bank PLC certify jointly that:- |
(a) the above statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka and Rule 7.4 of Colombo Stock Exchange. |
(b) the information contained in these statements have been extracted from the unaudited Financial Statements of the Bank unless indicated as audited. |
Ali Asghar Akbarally |
Chairman |
14 May 2026 |
Mohamed Azmeer |
Managing Director / CEO |
14 May 2026 |
Amãna Bank PLC (PB 3618 PQ)
STATEMENT OF CHANGES IN EQUITY
Stated ESOP Statutory Revaluation Fair Value Retained Total |
Capital Reserve Reserve Reserve Reserve Earnings Fund |
Rs '000 Rs '000 Rs '000 Rs '000 Rs '000 Rs '000 Rs '000
As at 31 December 2024 (Audited) | 17,633,461 78,518 355,174 1,006,066 101,598 3,667,044 | 22,841,861 |
Profit for the three months ended 31 March 2025 - - - - - 434,127 | 434,127 | |
Other Comprehensive Income for the three months ended 31 March 2025 - - - - 5,402 | 5,402 | |
Share-Based Payment Expenses - 1,659 - - - - | 1,659 | |
As at 31 March 2025 17,633,461 80,177 355,174 1,006,066 107,000 4,101,171 | 23,283,049 | |
Profit for the nine months ended 31 December 2025 - - - - - 2,046,856 | 2,046,856 | |
Other Comprehensive Income for the nine months ended 31 December 2025 - - - - 525,096 (58,399) | 466,697 | |
Interim Dividend 2025 - - - - - (716,463) | (716,463) | |
Share-Based Payment Expenses - 4,976 - - - - | 4,976 | |
Transfers to Statutory Reserve Fund - 124,049 - - (124,049) | - | |
Transferred to Retained Earnings - - - (1,125) - 1,125 | - | |
As at 31 December 2025 (Audited) 17,633,461 85,153 479,223 1,004,941 632,096 5,250,241 | 25,085,115 | |
Profit for the three months ended 31 March 2026 - - - - - 501,960 | 501,960 | |
Other Comprehensive Income for the three months ended 31 March 2026 - - - - (184,113) - | (184,113) | |
Issue of Ordinary Shares under ESOP 3,255 (998) - - - - | 2,257 | |
As at 31 March 2026 17,636,716 84,155 479,223 1,004,941 447,983 5,752,201 | 25,405,219 | |
6
Amãna Bank PLC (PB 3618 PQ)STATEMENT OF CASH FLOWS
FOR THE
QUARTER ENDED 31 MARCH | ||
2026 (Rs. '000) | 2025 (Rs. '000) | |
Cash Flows from Operating Activities | ||
Financing Income Received | 4,402,446 | 4,155,344 |
Fees and Commission Received | 404,559 | 301,046 |
Financing Expenses Paid | (2,230,391) | (1,970,154) |
Foreign Exchange Income | 79,511 | 132,966 |
Gratuity Payments Made | (6,599) | (2,992) |
Payments to Employees and Suppliers | (1,650,665) | (1,406,243) |
Operating Profit/(Loss) before Changes in Operating Assets and Liabilities | 998,861 | 1,209,967 |
(Increase) / Decrease in Operating Assets | ||
Financing and Receivable to Other Customers | (1,430,828) | (14,235,900) |
Other Assets | (452,455) | (534,355) |
Balance with Central Bank of Sri Lanka | 2,924,760 | 564,798 |
Increase / (Decrease) in Operating Liabilities | ||
Due to Other Customers | (1,245,119) | 4,607,366 |
Due to Banks | 138,660 | (5,638) |
Other Liabilities | 778,246 | 1,853,530 |
Net Cash Flow from Operating Activities before Income Tax | 1,712,125 | (6,540,232) |
Income Tax Paid | (218,168) | (195,068) |
Net Cash From / (Used In) Operating Activities | 1,493,957 | (6,735,300) |
Cash Flows From/(Used In) Investing Activities | ||
Acquisition of Property, Plant & Equipment | (46,398) | (65,964) |
Proceeds from Sale of Property, Plant and Equipment | - | - |
Acquisition of Intangible Assets | (183,654) | (10,925) |
Investments in Placements with Banks | 15,479,999 | 4,342,999 |
Investments in Placements with Licensed Finance Companies | (2,500,001) | 41,779 |
Financial Assets Recognised through Profit or Loss - Measured at Fair Value | (82,750) | 915 |
Dividend Received from Financial Assets | 973 | - |
Financial Assets Recognised through OCI - Measured at Fair Value | 23,282 | - |
Net Cash From / (Used In) Investing Activities | 12,691,451 | 4,308,804 |
Cash Flows From / (Used In) Financing Activities | ||
Issue of Shares | 2,257 | - |
Share Issue Expenses | - | - |
Dividend Paid | (442) | (472) |
Net Cash From / (Used In) Financing Activities | 1,815 | (472) |
Net Increase / (Decrease) in Cash and Cash Equivalents | 14,187,223 | (2,426,968) |
Cash and Cash Equivalents at the Beginning of the Year | 14,957,406 | 17,077,573 |
Cash and Cash Equivalents at the End of the Period - Gross of Allowance for Impairment | 29,144,629 | 14,650,605 |
CASH AND CASH EQUIVALENTS
2026 (Rs. '000) | 2025 (Rs. '000) | |
Cash in Hand | 9,632,413 | 8,819,203 |
Balances with Banks | 19,512,216 | 5,831,402 |
29,144,629 | 14,650,605 | |
Less: Allowance for Impairment | (26,038) | (6,808) |
Total | 29,118,591 | 14,643,797 |
01. | ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS |
Financial instruments are measured on an ongoing basis either at fair value or at amortised cost. The summary of significant accounting policies stated in the Annual Financial Statements describes how the classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the carrying amounts of the financial instruments by category as defined in SLFRS 9 and by headings of the Statement of Financial Position.
RUPEES IN THOUSANDS
FAIR VALUE THROUGH PROFIT OR LOSS | AMORTIZED COST | FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME | TOTAL | |
AS AT 31.3.2026 | ||||
Financial Assets | ||||
Cash and Cash Equivalents | - | 29,118,591 | - | 29,118,591 |
Balances with Central Bank of Sri Lanka | - | 4,808,826 | - | 4,808,826 |
Placements with Banks | - | 7,530,581 | - | 7,530,581 |
Placements with Licensed Finance Companies | - | 2,505,783 | - | 2,505,783 |
Derivative Financial Assets | 57,853 | - | - | 57,853 |
Financial Assets Designated at Fair Value through Profit or Loss | 107,673 | - | - | 107,673 |
Financial Assets at Amortised Cost - Financing and Receivables to Other Customers | - | 152,316,766 | - | 152,316,766 |
Financial Assets measured at Fair Value through Other Comprehensive Income | - | - | 716,858 | 716,858 |
Other Assets - Financial | - | 2,171,447 | - | 2,171,447 |
Total Financial Assets | 165,526 | 198,451,994 | 716,858 | 199,334,378 |
Financial Liabilities | ||||
Due to Banks | - | 2,019,831 | - | 2,019,831 |
Derivative Financial Liabilities | 21,280 | - | - | 21,280 |
Financial Liabilities at Amortised Cost - Due to Depositors | - | 170,791,524 | - | 170,791,524 |
Other Liabilities - Financial | - | 4,600,405 | - | 4,600,405 |
Total Financial Liabilities | 21,280 | 177,411,760 | - | 177,433,040 |
FAIR VALUE FAIR VALUE THROUGH PROFIT AMORTIZED THROUGH OTHER OR LOSS COST COMPREHENSIVE INCOME | TOTAL |
AS AT 31.12.2025 | |
(AUDITED) |
Financial Assets | ||||
Cash and Cash Equivalents | - | 14,955,183 | - | 14,955,183 |
Balances with Central Bank of Sri Lanka | - | 7,733,586 | - | 7,733,586 |
Placements with Banks | - | 22,989,871 | - | 22,989,871 |
Placements with Licensed Finance Companies | - | 86 | - | 86 |
Derivative Financial Assets | 21,672 | - | - | 21,672 |
Financial Assets Designated at Fair Value through Profit or Loss | 38,963 | - | - | 38,963 |
Financial Assets at Amortised Cost - Financing and Receivables to Other Customers | - | 150,952,391 | - | 150,952,391 |
Financial Assets measured at Fair Value through Other Comprehensive Income | - | - | 924,253 | 924,253 |
Other Assets - Financial | - | 1,660,487 | - | 1,660,487 |
Total Financial Assets | 60,635 | 198,291,604 | 924,253 | 199,276,492 |
Financial Liabilities | ||||
Due to Banks | - | 1,881,171 | - | 1,881,171 |
Derivative Financial Liabilities | 479 | - | - | 479 |
Financial Liabilities at Amortised Cost - Due to Depositors | - | 172,073,723 | - | 172,073,723 |
Other Liabilities - Financial | - | 3,697,750 | - | 3,697,750 |
Total Financial Liabilities | 479 | 177,652,644 | - | 177,653,123 |
02. | FINANCING AND RECEIVABLES TO OTHER CUSTOMERS |
RUPEES IN THOUSANDS
ANALYSIS OF FINANCING AND RECEIVABLES TO OTHER CUSTOMERS | 31.3.2026 | 31.12.2025 |
(AUDITED) | ||
Gross Financing and Receivables to Other Customers | 157,876,637 | 156,519,893 |
Accumulated Impairment | ||
Stage 1 | (852,779) | (1,066,056) |
Stage 2 | (2,116,375) | (1,903,957) |
Stage 3 | (2,590,717) | (2,597,489) |
Net Financing and Receivables to Other Customers | 152,316,766 | 150,952,391 |
ANALYSIS OF FINANCING AND RECEIVABLES TO OTHER CUSTOMERS - (Contd…)
FINANCING AND RECEIVABLES TO OTHER CUSTOMERS - BY PRODUCT
RUPEES IN THOUSANDS
By Product - Domestic Currency | 31.3.2026 | 31.12.2025 (AUDITED) |
Overdraft | 15,350,340 | 16,762,681 |
Trade Finance | 12,907,515 | 11,503,564 |
Lease Receivables | 14,610,381 | 15,609,941 |
Staff Facilities | 1,948,943 | 1,830,449 |
Term Financing | 86,697,862 | 87,524,383 |
Gold Facilities | 14,954,465 | 14,769,621 |
Others | 240,848 | 257,087 |
Sub Total | 146,710,354 | 148,257,726 |
By Product - Foreign Currency | ||
Overdraft | 832,535 | 799,868 |
Term Financing | 10,122,619 | 7,299,595 |
Trade Finance | 211,129 | 162,704 |
Sub Total | 11,166,283 | 8,262,167 |
Total | 157,876,637 | 156,519,893 |
IMPAIRMENT ALLOWANCE FOR FINANCING AND RECEIVABLES TO OTHER CUSTOMERS
A reconciliation of the allowance for impairment losses for Financing and Receivables to Other Customers, under SLFRS 9 is as follows:
RUPEES IN THOUSANDS
STAGE 1
STAGE 2
STAGE 3
TOTAL IMPAIRMENT
ECL allowance as at 1 January 2026 under SLFRS 9
1,066,056
1,903,957
2,597,489
5,567,502
Charge/(Write Back) for the year
(213,277)
212,418
31,013
30,154
Amounts written off
-
-
(37,785)
(37,785)
As at 31 March 2026
852,779
2,116,375
2,590,717
5,559,871
STAGE 1
STAGE 2
STAGE 3
RUPEES IN THOUSANDS
TOTAL IMPAIRMENT
(AUDITED)
ECL allowance as at 1 January 2025 under SLFRS 9
1,560,406
2,233,037
2,426,614
6,220,057
Charge/(Write Back) for the year
(494,350)
(329,080)
170,875
(652,555)
Amounts written off
-
-
-
-
As at 31 December 2025
1,066,056
1,903,957
2,597,489
5,567,502
ANALYSIS OF COMMITMENTS AND CONTINGENCIES
31.3.2026
31.12.2025
(AUDITED)
Gross Commitments and Contingencies
56,325,212
44,197,388
Allowance for Impairment
Stage 1
(50,781)
(59,090)
Stage 2
(47,964)
(9,360)
Stage 3
(7,117)
(5,001)
Net Financing and Receivables to Other Customers
56,219,350
44,123,937
COMMITMENTS AND CONTINGENCIES
FINANCING AND RECEIVABLES TO OTHER CUSTOMERS - BY PRODUCT
RUPEES IN THOUSANDS
RUPEES IN THOUSANDS
31.3.2026
31.12.2025
(AUDITED)
Commitments for Unutilised Facilities
10,507,630
7,580,581
Letters of Credit
14,152,921
7,118,778
Guarantees, Bonds
10,729,627
9,986,718
Outward Clearing Cheques
1,085,205
992,645
Acceptances
7,078,730
7,545,015
Bills for Collection and Others
2,436,004
5,563,991
Promissory Forward Sales
4,764,903
3,363,532
Promissory Forward Purchases
5,570,192
2,046,128
Total
56,325,212
44,197,388
DUE TO OTHER CUSTOMERS - BY PRODUCT
ANALYSIS OF DEPOSITS RUPEES IN THOUSANDS
By Product - Domestic Currency
31.3.2026
31.12.2025
(AUDITED)
Demand Deposits
12,382,362
12,324,839
Savings Deposits
55,341,009
58,449,586
Time Deposits
74,367,206
73,252,635
Sub Total
142,090,577
144,027,060
By Product - Foreign Currency
Demand Deposits
1,770,972
1,657,811
Savings Deposits
5,075,122
4,965,964
Time Deposits
21,854,853
21,422,888
Sub Total
28,700,947
28,046,663
Total
170,791,524
172,073,723
Amãna Bank PLC (PB 3618 PQ)
NOTES TO THE FINANCIAL STATEMENTS
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
All financial assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value heirarchy, as described below.
Level 1
Level 2
Level 3
Quoted price (unadjusted) in active markets for the identical assets or liabilities. This level includes listed equity securities and / or debt
instruments.
Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Inputs for asset or liability that are not based on observable market data (unobservable inputs). This level includes equity and / or debt instruments with significant unobservable components.
RUPEES IN THOUSANDS
As at 31 March 2026 | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL |
Financial Assets | ||||
Derivative Financial Assets | - | 57,853 | - | 57,853 |
Financial Assets Designated at Fair Value through Profit or Loss | 107,673 | - | - | 107,673 |
Income | 713,865 | - | 2,993 | 716,858 |
821,538 | 57,853 | 2,993 | 882,384 | |
Financial Liaiblities | ||||
Derivative Financial Liabilities | - | 21,280 | - | 21,280 |
- | 21,280 | - | 21,280 | |
RUPEES IN THOUSANDS
LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | |
As at 31 December 2025 | (AUDITED) | |||
Financial Assets | ||||
Derivative Financial Assets | - | 21,672 | - | 21,672 |
Financial Assets Designated at Fair Value through Profit or Loss | 38,963 | - | - | 38,963 |
Income | 921,260 | - | 2,993 | 924,253 |
960,223 | 21,672 | 2,993 | 984,888 | |
Financial Liaiblities | ||||
Derivative Financial Liabilities | - | 479 | - | 479 |
- | 479 | - | 479 |
Derivative Financial Assets and Liabilities:
Derivative products are promissory forward foreign exchange transactions, valued using a valuation technique with market-observable inputs. The most frequently applied valuation techniques include promissory forward foreign exchange spot and Net Present Value.
Financial Assets Recognised through Profit or Loss - Measured at Fair Value, Financial Assets Measured at Fair Value through Other Comprehensive Income
The estimated fair values are based on quoted and observable market prices.
Financial Instruments not carried at Fair Value
Set out below is a comparison, by class, of the carrying amounts and fair values of the Bank's financial instruments that are not carried at fair value in the Financial Statements. This table does not include the fair values of Non-Financial Assets and Non-Financial Liabilities.
RUPEES IN THOUSANDS
31.3.2026 31.12.2025
Financial Assets | CARRYING VALUE | FAIR VALUE | CARRYING VALUE (AUDITED) | FAIR VALUE (AUDITED) | |
Cash and Cash Equivalents | 29,118,591 | 29,118,591 | 14,955,183 | 14,955,183 | |
Balance with Central Bank of Sri Lanka | 4,808,826 | 4,808,826 | 7,733,586 | 7,733,586 | |
Placements with Banks | 7,530,581 | 7,530,581 | 22,989,871 | 22,989,871 | |
Placements with Other Companies | 2,505,783 | 2,505,783 | 86 | 86 | |
Financial Assets at Amortised Cost - Financing and Receivables to Other Customers | 152,316,766 | 139,258,158 | 150,952,391 | 141,632,024 | |
Other Assets - Financial | 2,171,447 | 2,171,447 | 1,660,487 | 1,660,487 | |
198,451,994 | 185,393,386 | 198,291,604 | 188,971,237 | ||
Financial Liabilities | |||||
Due to Banks | 2,019,831 | 2,019,831 | 1,881,171 | 1,881,171 | |
Financial Liabilities at Amortised Cost - Due to Depositors | 170,791,524 | 170,791,524 | 172,073,723 | 172,073,723 | |
Other Liabilities - Financial | 4,600,405 | 4,600,405 | 3,697,750 | 3,697,750 | |
177,411,760 | 177,411,760 | 177,652,644 | 177,652,644 | ||
The following describes the methodologies and assumptions used to determine fair values for those financial instruments which are not already recorded at fair value in the Financial Statements:
Balances with Banks, Balances with Licensed Finance Companies, Other Financial Assets and Other Financial Liabilities
For the above, the carrying value is a reasonable estimate of fair values.
Financial Assets at Amortised Cost - Financing and Receivables to Other Customers
The fair value of the above are estimated by discounting the estimated future cash flows using the prevailing market rates for financing as of the reporting date with similar credit risks and maturities (Level 3).
Financial Liabilities at Amortised Cost - Due to Depositors
The fair values of the above are deemed to approximate their carrying amounts as rate of returns are determined at the end of their holding periods based
on the profit generated from the relevant investments. 11
NOTES TO THE FINANCIAL STATEMENTS
07. | SELECTED PERFORMANCE INDICATORS (AS PER REGULATORY REPORTING) |
Regulatory Capital (Rs. '000) | AS AT 31.3.2026 | AS AT 31.12.2025 | |
(AUDITED) | |||
Common Equity Tier 1 (before applicable adjustments) | 23,742,181 | 23,742,181 | |
Common Equity Tier 1 (after applicable adjustments) | 22,057,749 | 22,556,793 | |
Tier 1 Capital | 22,057,749 | 22,556,793 | |
Total Capital | 24,799,467 | 25,382,332 | |
Regulatory Capital Ratios (%) | |||
Common Equity Tier 1 Capital Ratio (Minimum Requirement 7.0%) | 13.2% | 13.0% | |
Tier I Capital Ratio (Minimum Requirement 8.5%) | 13.2% | 13.0% | |
Total Capital Ratio (Minimum Requirement 12.5%) | 14.9% | 14.7% | |
Leverage Ratio % (Minimum Requirement 3%) | 10.1% | 10.4% | |
Regulatory Liquidity | |||
Liquidity Coverage Ratio (%) (Minimum Requirement 100%) | |||
- Rupee (%) | 242.4% | 330.3% | |
- All Currency (%) | 173.9% | 231.5% | |
Net Stable Funding Ratio (%) (Minimum Requirement 100%) | 142.4% | 142.5% | |
Assets Quality (Quality of Financing and Advance Portfolio) | |||
Impaired Financing and Advances (Stage 3) Ratio (%) | 1.2% | 1.2% | |
Impairment (Stage 3) to Stage 3 Financing and Advances Ratio (%) | 56.2% | 56.1% | |
Profitability | |||
Financing Margin (%) | 4.4% | 4.3% | |
Return on Assets (Before Tax) (%) | 1.7% | 2.1% | |
Return on Equity (%) | 8.1% | 10.4% | |
Cost to Income (%) | 54.4% | 51.8% | |
Memorandum Information | |||
Credit Rating | - Fitch Ratings | BBB-(lka) | BBB-(lka) |
- Lanka Rating Agency | BBB+ | BBB+ | |
Number of Employees | 917 | 928 | |
Number of Branches | 33 | 33 | |
NOTES TO THE FINANCIAL STATEMENTS
08. SEGMENT INFORMATION
The following table presents information on total income, profit, total assets and liabilities regarding the Bank's operating segments.
RUPEES IN THOUSANDS
FOR THE PERIOD ENDED 31 MARCH 2026 | CONSUMER BANKING | BUSINESS BANKING | TOTAL BANKING | TREASURY | UNALLOCATED / ELIMINATION | TOTAL |
Income | ||||||
Financing Income | 1,359,556 | 2,805,916 | 4,165,472 | 265,218 | - | 4,430,690 |
Net Fee and Commission Income | 103,435 | 260,967 | 364,402 | 15,554 | - | 379,956 |
Net Trading Income | - | - | 79,511 | 79,511 | ||
Net Gains / (Losses) from Financial Investments at Fair Value Through Profit or Loss | - | - | - | 12,246 | - | 12,246 |
Net Gains / (Losses) from Derecognition of Financial Assets | - | - | - | (1,683) | - | (1,683) |
Other Operating Income | - | - | - | 973 | - | 973 |
Total Income | 1,462,991 | 3,066,883 | 4,529,874 | 371,819 | - | 4,901,693 |
Less | ||||||
Financing Expenses | (693,414) | (1,473,505) | (2,166,919) | (26,392) | (21,995) | (2,215,306) |
Impairment (Charges) / Reversals | (21,463) | (44,993) | (66,456) | (25,650) | - | (92,106) |
Operating Expenses | (448,624) | (925,892) | (1,374,516) | (87,516) | - | (1,462,032) |
Operating Profit Before VAT on FS & | 299,490 | 622,493 | 921,983 | 232,261 | (21,995) | 1,132,249 |
VAT on FS & SSCL | (290,614) | |||||
Profit Before Tax | 841,635 | |||||
Tax Expense | (339,675) | |||||
Profit After Tax | 501,960 | |||||
Total Assets | 41,716,887 | 110,599,879 | 152,316,766 | 29,580,395 | 22,579,594 | 204,476,755 |
Total Liabilities | 136,609,357 | 34,182,167 | 170,791,524 | 1,953,565 | 6,326,450 | 179,071,539 |
RUPEES IN THOUSANDS
FOR THE PERIOD ENDED 31 MARCH 2025
CONSUMER BANKING
BUSINESS BANKING
TOTAL BANKING
TREASURY UNALLOCATED /
ELIMINATION
TOTAL
Income | ||||||
Financing Income | 1,010,208 | 2,429,915 | 3,440,123 | 547,775 | - | 3,987,898 |
Net Fee and Commission Income | 101,850 | 190,708 | 292,558 | 13,369 | (1,574) | 304,353 |
Net Trading Income | - | - | - | 129,709 | 129,709 | |
Net Gains / (Losses) from Financial Investments at Fair Value Through Profit or Loss | - | - | - | (3,257) | - | (3,257) |
Net Gains / (Losses) from Derecognition of Financial Assets | - | - | - | (50) | - | (50) |
Other Operating Income | - | - | - | 915 | - | 915 |
Total Income | 1,112,058 | 2,620,623 | 3,732,681 | 688,461 | (1,574) | 4,419,568 |
Less | ||||||
Financing Expenses | (597,809) | (1,425,428) | (2,023,237) | - | (17,751) | (2,040,988) |
Impairment (Charges) / Reversals | (7,740) | (97,820) | (105,560) | (498) | (28,141) | (134,199) |
Operating Expenses | (254,449) | (616,548) | (870,997) | (355,759) | - | (1,226,756) |
Operating Profit Before VAT on FS | 252,060 | 480,827 | 732,887 | 332,204 | (47,466) | 1,017,625 |
VAT on FS & SSCL | (278,210) | |||||
Profit Before Tax | 739,415 | |||||
Tax Expense | (305,288) | |||||
Profit After Tax | 434,127 | |||||
Total Assets | 30,330,812 | 95,073,236 | 125,404,048 | 40,314,711 | 23,573,319 | 189,292,078 |
Total Liabilities | 126,189,601 | 32,876,558 | 159,066,159 | 9,928 | 6,932,942 | 166,009,029 |
EXPLANATORY NOTES
1. | These Interim Financial Statements have been prepared in accordance with LKAS 34 - Interim Financial Reporting and present information required by Listing Rules of Colombo Stock Exchange. |
2. | The interim condensed Financial Statements do not include all the information and disclosure required in the Annual Financial Statements, and should be read in conjunction with Annual Financial Statements as at 31 December 2025. |
3. | There are no material events that took place after the Statement of Financial Position date which require adjustment to or disclosures in the Financial Statements. |
4. | The accounting policies adopted in the presentation of the interim condensed Financial Statements are consistent with those followed in the preparation of the Bank's Annual Financial Statements for the year ended 31 December 2025. |
5. | Comparative figures have been restated wherever necessary to conform to the current period's presentation. |
6. | There has not been a significant change in the nature of the contingent liabilities as disclosed in the Annual Report of 2025. |
7. | Market Price of Ordinary Shares : |
Last Traded Price as at 31 March | 2026 | 2025 |
Rs. | Rs. | |
30.00 | 24.60 | |
Highest Market Price during the quarter ended 31 March | 33.20 | 25.00 |
Lowest Market Price during the quarter ended 31 March | 26.60 | 22.10 |
EXPLANATORY NOTES
09. | TWENTY LARGEST SHAREHOLDERS AS AT 31 MARCH 2026 |
No | Name of Shareholder | No. of Shares | % |
1 | IB Growth Fund (Labuan) LLP | 137,277,245 | 24.90% |
2 | Sampath Bank PLC / Senthilverl Holdings (Pvt) Ltd | 79,802,630 | 14.48% |
3 | Cargills Bank Limited / Senthilverl Holdings (Pvt) Ltd | 29,022,673 | 5.27% |
4 | Mr. Osman Kassim / Mrs. Khairunnissa Kassim / Mr. Abdullah Osman Kassim | 23,990,639 | 4.35% |
5 | Bank Islam Malaysia Berhad | 20,949,916 | 3.80% |
6 | AB Bank PLC | 20,949,916 | 3.80% |
7 | Quick Tea Pvt Ltd | 20,476,459 | 3.71% |
8 | Islamic Development Bank | 18,339,298 | 3.33% |
9 | Akbar Brothers Pvt Ltd | 18,302,459 | 3.32% |
10 | Domon Ltd | 11,573,996 | 2.10% |
11 | E.W. Balasuriya & Co. (Pvt) Ltd Acc No 01 | 10,016,102 | 1.82% |
12 | Mr. Feroz Omar | 9,684,895 | 1.76% |
13 | P M Mohamedali & Co | 8,753,665 | 1.59% |
14 | Mrs. Shahida Hamid | 8,238,697 | 1.49% |
15 | Mrs. Tarab Iqbal Ismail | 8,238,697 | 1.49% |
16 | Millennium Capital Investments Pte Ltd | 8,138,133 | 1.48% |
17 | Mrs. Farhat Farook Kassim | 7,162,192 | 1.30% |
18 | Mr. Hanif Yusoof | 6,547,826 | 1.19% |
19 | Mr. Shafik Kassim | 6,445,236 | 1.17% |
20 | Mr. Sattar Kassim | 4,688,975 | 0.85% |
Sub total | 458,599,649 | 83.20% | |
Other Shareholders (Number of Shareholders 10,109) | 92,623,157 | 16.80% | |
Total | 551,222,806 | 100.00% |
Percentage of Public Holding as at 31 March 2026 44.66% |
Number of Public Shareholders 10,108 |
Float adjusted market capitalisation Rs 6.67 Bn
Bank complies with the minimum public holding requirement under option 3 as specified by rule 7.13.1 (a) of the Listing Rules of Colombo Stock Exchange (Requirements of above option are; (a) Public Holding %: 7.5%, (b) Number of Public Shareholders: 500)
10. | DIRECTORS' HOLDING IN SHARES AS AT 31 MARCH 2026 |
Name | No. of Shares |
Mr. Ali Asghar Akbarally | Nil |
Mr. Mohamed Azmeer | 300,000 |
Mr. K M P B Abdullah | Nil |
Mr. M Ataur Rahman Chowdhury | Nil |
Mr. S M Asim Raza | Nil |
Mr. Tishan Subasinghe | Nil |
Mr. Mohamed Adamaly | Nil |
Mr. Mohammad Hassan | Nil |
Mr. Delvin Pereira | Nil |
Mr. Azreen Zaheer | Nil |
Mr. Senthilverl Senthi Nandhanan | Nil |
Mr. Mustafa Sattar Kassim (appointed w.e.f. 5 Feb 2026) | Nil |
Prof. Dr. Aishath Muneeza (appointed w.e.f. 26 Feb 2026) | Nil |