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Amãna Bank partners CA Sri Lanka to provide laptop Financing

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CA Sri Lanka is the largest professional accountancy body in Sri Lanka with more than 30,000 students and 6,000 active members. As a result of the MoU, students of CA Sri Lanka can obtain financing to purchase laptops with a repayment tenure of up to 48 months at a special installment, thereby facilitating students to carry out their studies uninterruptedly online.

Non-income earning students can also jointly apply for the facility with their income earning parents.

Commenting on this collaboration, Chief Executive Officer of CA Sri Lanka Dulani Fernando said “We believe that this collaboration would prove to be very useful to our student fraternity who are seeking to learn, but unfortunately are facing various difficulties in gaining access to online learning resources due to financial difficulties. Having a laptop of their own would strengthen their productivity and ensure effective learning methods especially during this pandemic where lectures and even exams are conducted virtually. We are grateful to Amana Bank for coming forward with an affordable financing scheme, which will greatly benefit thousands of our aspiring Chartered Accountants.”

Commenting on the partnership, Amãna Bank’s Chief Executive Officer Mohamed Azmeer said, “We are honored to have tied up with the CA Sri Lanka for such an initiative at a time when having a laptop is a must to continue ones education uninterruptedly. We believe that a sound education is the key to a world of endless possibilities and Amãna Bank is ready to help students reach such potential with this special financing scheme.”

Amana 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 having a 29.97% shareholding of the Bank. The IsDB Group is a ‘AAA’ rated multilateral development financial institution with a membership of 57 countries. ]

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 its flagship CSR project the ‘OrphanCare’ Trust.

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