Amana Bank Plc

ABL.N0000Undervalued

Banks & Finance · Regional Banks

Amãna Bank PLC is a Sri Lanka-based commercial bank offering Sharia-compliant banking and a range of general financial services through branch and automated channels.

ABL shares are down 7.8% over the past year and last closed at Rs 26.00 on Sep 30, 2026.

Rs 26.00
+0.00%
Price history
-7.80%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-0.7+1.3-10.6+6.7-4.5-2.5-1.1+0.0-1.9+0.0+0.0+0.0
2025+4.1-4.7-4.5-3.0+1.8-2.2+6.7+14.6+0.0+4.4+7.3-2.6
2024+0.0+0.0+0.0+8.7-12.0+4.5-7.0-1.4+7.1+5.3-3.4+7.0
2023+3.4-10.0-3.7-3.8-4.0+8.3+0.2-4.0-2.1-4.3+4.5+0.0
2022-4.5-14.3-30.6-8.0+34.8-9.7+3.6+0.0+20.7-14.3+0.0+0.0
2021+14.7-10.3-5.7-6.1+3.2-3.1+3.2-3.1+3.2+45.5+2.2-4.3
2020-4.3+0.0-13.6+0.0+0.0+20.0+0.0+0.0+51.7-2.9+0.0+0.0
2019+0.0-6.5+0.0-3.4-25.0+9.5+30.4-6.7-3.6-3.7-3.8-8.0
2018-2.7-2.8-2.9+5.9-5.6+0.0-5.9+0.0+0.0+0.0+0.0-3.1
2017-14.6+0.0+0.0+5.7-2.7+2.8+2.7+0.0+2.6+0.0-2.6-2.6
2016-23.3-2.2+13.3-7.8-2.1-4.3+0.0-2.3-7.0-2.5-5.1+10.8
2015+0.0+3.9-3.8+3.9+0.0-5.7+2.0-2.0-4.0+4.2-4.0+25.0
2014+0.0+0.0-5.5-1.9+7.8+3.6+1.8-1.7-1.8-1.8-9.1+2.0
Average-2.3-3.8-5.2-0.3-0.7+1.6+2.8-0.5+5.0+2.5-1.2+2.0
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-0.3-2.5-3.8-2.5-2.4+0.0+1.8-1.4+0.0-0.9-1.3+0.0
% up25%17%8%42%33%46%62%8%38%33%25%42%
P/E
5.8
P/B
0.55
EPS
Rs 4.50
Div Yield
9.43%
Market Cap
Rs 14.3B
Beta
1.22
ROE
9.9%
Op Margin
48.1% (+1.7pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total income
Rs 10.1B
+15.8%
Rs 8.7B
-5.7%
Rs 9.2B
+44.7%
Rs 6.4B
+32.7%
Rs 4.8B
+13.4%
Rs 4.2B
-0.5%
Rs 4.3B
+3.7%
Rs 4.1B
+21.2%
Operating profit
Rs 5.5B
+44.8%
Rs 3.8B
+17.8%
Rs 3.2B
+85.4%
Rs 1.7B
+20.2%
Rs 1.4B
+25.1%
Rs 1.2B
-16.1%
Rs 1.4B
+4.1%
Rs 1.3B
+24.9%
Net profit
Rs 2.5B
+39.8%
Rs 1.8B
+28.0%
Rs 1.4B
+76.0%
Rs 788.2M
-4.4%
Rs 824.7M
+77.9%
Rs 463.7M
+0.6%
Rs 460.9M
-17.2%
Rs 556.4M
+10.7%
EPS
4.50
+39.8%
3.22
+648.8%
0.43
+53.6%
0.28
-9.7%
0.31
+72.2%
0.18
+0.0%
0.18
-18.2%
0.22
-24.1%

Compared with the same period a year earlier.

Parent company only. Subsidiaries are not included.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2025 · first interimRs 1.30
  • 2024 · first interimRs 1.20
  • 2019 · first interimRs 0.08
  • 2018Rs 0.07
Peer comparison5 peers in Banks & Finance
P/E
5.5
P/B
0.69
ROE
13.18%
Yield
2.02%
ABL.N0000 · this company
Rs 26.00
P/E
5.8
P/B
0.55
ROE
9.89%
Yield
9.43%
Rs 11.60
P/E
19.3
P/B
0.61
ROE
3.17%
Yield
0.00%
Rs 7.20
P/E
15.0
P/B
0.61
ROE
4.47%
Yield
0.00%
P/E
19.1
P/B
0.52
ROE
2.74%
Yield
0.00%
P/E
-
P/B
0.55
ROE
-1.23%
Yield
0.00%
Peer median · 5 companies
P/E 17.1P/B 0.61Yield 0.00%

About Amana Bank Plc

Amãna Bank PLC is a Sri Lanka-based commercial bank offering Sharia-compliant banking and a range of general financial services through branch and automated channels. The bank provides retail and business banking, corporate finance, trade and project financing, treasury services, and cash management, with a focus on asset-backed, ethically framed financing solutions. Business activities emphasize Business Banking across corporate, SME and retail customers, providing working capital, capital expenditure, trade services, leasing and project financing, supported by a regional SME structure and a dedicated commercial leasing unit. Treasury and Financial Institutions activity supports liquidity, trade finance and institutional relationships while digital and self-banking channels extend customer reach. The bank highlights a strategic focus on SMEs and emerging corporates, participation in government SME programmes, and a people-friendly banking model guided by an Independent Sharia Supervisory Council. The bank has received external recognition for its Islamic banking model in the South Asian region.

AI analysis

bullish

Amana Bank's H1 2026 profit surpassed LKR 1.0 billion, while the shares trade below book value. The main catch is its highly leveraged banking balance sheet.

Read the full report (Aug 18, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Not enough news to read

No scored news in the last 30 days.

24 months positive negative 3-month net
Oct 24: 3 articles, net +0.67Nov 24: 3 articles, net +1.00Jan 25: 6 articles, net +0.04Feb 25: 5 articles, net +0.53Mar 25: 3 articles, net +0.67Apr 25: 1 articles, net -1.00May 25: 4 articles, net +0.50Jul 25: 1 articles, net +1.00Aug 25: 1 articles, net +1.00Sep 25: 3 articles, net +0.36Nov 25: 1 articles, net +1.00Feb 26: 2 articles, net +0.50Mar 26: 1 articles, net +1.00May 26: 3 articles, net +0.33Jun 26: 4 articles, net +0.25Aug 26: 1 articles, net +1.00Sep 24Jan 25May 25Sep 25Jan 26May 26
Daily FT·Sep 29, 2026·Award or certificationPositive
Amana Bank recognised as Sri Lanka's best at IFN Awards

Amana Bank (ABL.N0000) secured three major IFN Awards, including Best Bank in Sri Lanka for the fifth consecutive year. It also won Best Retail Bank and Most Innovative Bank, with CEO Mohamed Azmeer receiving the accolades in Dubai.

EconomyNext·Sep 14, 2026·Award or certification
Sri Lanka-Indonesia Business Council pushes for stronger bilateral investments

The Sri Lanka-Indonesia Business Council re-elected Sheamalee Wickramasingha as president for 2026/27 and said it will promote and facilitate inbound and outbound investment; a recent Sri Lanka-Indonesia business delegation sought commercial cooperation opportunities between firms from both countries.

Ada Derana·Sep 11, 2026·Administrative routine
Sri Lanka – Indonesia Business Council Holds 3rd Annual General Meeting

The Sri Lanka-Indonesia Business Council held its 3rd AGM and re-elected Sheamalee Wickramasingha as President. The council named an executive committee including representatives from hSenid, Amana Bank, Aitken Spence, Haycarb and Sunshine Holdings and said it will pursue closer trade and investment ties with Indonesia.

Exporters
Daily FT·Sep 7, 2026·Award or certificationPositive
Amana Bank crowned Best Bank in Sri Lanka for second consecutive year

Amana Bank (ABL.N0000) was named Best Bank in Sri Lanka at the ICC Emerging Asia Banking Awards 2026 for the second consecutive year and also won Best Performance on Risk Management. The bank highlighted its non-interest, asset-backed model and prudent risk-management practices.

Ada Derana·Aug 28, 2026·Promotional / marketing
UN Global Compact Convenes Regional Leaders to Accelerate Sustainable Finance at SDG Investment Forum

UN Global Compact Network Sri Lanka hosted the SDG Investment Forum under Forward Faster Now | APAC 2026 to advance sustainable and transition finance, launching a one-year Sustainable Finance Implementation Workplan. Principal corporate partners included Sampath Bank, HNB and Hayleys, with Amana Bank and Dialog as supporters, and WindForce presented a closed local‑currency renewable financing transaction with the IFC.

Daily FT·Aug 21, 2026·Management or board change
Tony Ganlath elected President of Sri Lanka-Malaysia Business Council

Tony Ganlath of Ganlath Timber and Transport Services was elected President of the Sri Lanka-Malaysia Business Council (Ceylon Chamber of Commerce) for 2026-27 at the Council's 32nd AGM, with Malaysian High Commissioner Badli Hisham Adam attending. Aitken Spence's Zahrine Hameen was named Senior VP and Amana Bank's Marshad Barry remains on the committee; representatives included Dialog Axiata PLC.

Daily FT·Aug 20, 2026·Promotional / marketingPositive
Amana Bank celebrates 15 years with 15% savings at over 150 merchant outlets

Amana Bank is marking its 15th anniversary with a 15% debit-card discount at over 150 merchant outlets and a 15-day '15% cashback' challenge where the first 150 customers who swipe on 15 days in August with Rs.50,000 cumulative spend can receive up to Rs.15,000 cashback.

Banks & Finance sector: what is happening

Last 14 days to Sep 30, 2026

With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.

Auto-generated from 45 sector news articles over 14 days. Not investment advice.