Sri Lanka, March 3 -- Amana Bank PLC concluded 2024 on a strong note, as the bank recorded a profit after tax (PAT) growth of 28 percent to reach Rs.1.8 billion, from Rs.1.4 billion posted in 2023.

Reflecting a healthy 21 percent growth, profit before tax for the same period grew from Rs.2.3 billion to close at Rs.2.8 billion.

This strong bottom-line performance was achieved despite the impact of the declining market rates. The bank maintained a healthy financing margin of 4.0 percent, resulting in the bank's net financing income improving by 6 percent to reach Rs.6.9 billion, from Rs.6.5 billion a year ago.

Driven by the trade volumes generated from its valued SME and corporate customers as well as increased digital transactions and...