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Banks (Finance)

Amana Bank's Business Plus: Empowering Sri Lankan SMEs for Growth and Success

Strategic Insights

— 1 min read

Amana Bank has introduced Business Plus, an exclusive banking platform designed to meet the unique needs of Small and Medium-sized Enterprises (SMEs) in Sri Lanka. This innovative platform offers a suite of benefits, including dedicated relationship managers, preferential financing solutions, payroll and payment solutions, and more, to help SMEs manage their financial operations efficiently and focus on driving growth and success.

Business Plus offers a range of benefits to support SMEs' growth and success, including:

  • Dedicated relationship manager
  • Preferential and expedited financing solutions
  • Payroll solutions
  • POS machine and QR payment solutions
  • Special rates on Term Investments
  • Free cheque books and online banking access
  • Preferential tariffs on trade service products, including Import LCs, Import Trade collections, and Export Letter of Credits and Collections
  • Expedited Facility Approvals and waivers on Inward Cheque Return Charges and other cheque return fees

Key Takeaways:

  • SMEs account for over 75% of all businesses in Sri Lanka, contributing around 52% to the country's GDP and providing approximately 45% of total employment (Imtiaz Iqbal, Chief Operating Officer, Amana Bank).
  • Business Plus is designed to support the growth and success of SMEs, which play a critical role in Sri Lanka's economy (Imtiaz Iqbal).
  • The platform offers a range of benefits to support SMEs' growth and success, including dedicated relationship managers, preferential financing solutions, and payroll and payment solutions (Amana Bank).
  • Amana Bank's commitment to being a true financial partner to the engine of the economy is demonstrated through its support for SMEs (Azam Ameer, Assistant Vice President - Business Proposition and Central Region).
  • The bank aims to actively support the growth trajectory of its SME customers and facilitate the transition of their banking solutions as their business grows (Azam Ameer).
  • SMEs interested in exploring the exclusive benefits of Business Plus can visit their nearest Amana Bank branch, log on to www.amanabank.lk, or call the dedicated Business Plus hotline 011 7 756 776 for more information.

Statistics:

  • SMEs account for over 75% of all businesses in Sri Lanka.
  • SMEs contribute around 52% to the country's GDP.
  • SMEs provide approximately 45% of total employment.

Sources:

  • Amana Bank press release
  • Imtiaz Iqbal, Chief Operating Officer, Amana Bank
  • Azam Ameer, Assistant Vice President - Business Proposition and Central Region, Amana Bank
  • Amana Bank website (www.amanabank.lk)

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