Bank Islam ups stake in Sri Lankan bank

Bank Islam's stake in Sri Lanka's Amana Bank has increased to 20 per cent after an additional eight per cent acquisition.

However, the price of the additional stake was not revealed. 

A ceremony to present the share certificate has been scheduled for April 8i to mark the completion of the acquisition.

This will be followed by the signing of a Technical Support Advisory Agreement between Bank Islam and the Amana Bank Limited.