Business and Economics
Accor, AXA launch partnership to offer medical assistance in hotels

Accor, a global hospitality leader, and AXA, a global leader in insurance, announce an innovative strategic partnership to provide medical support to guests across the 5,000 Accor hotels worldwide which includes the world renowned Mövenpick Hotels and Resorts, also part of AccorHotels.

As soon as July 2020, this partnership will enable Accor guests to benefit from the highest level of care thanks to the expert medical solutions of AXA Partners, AXA’s international entity specialized in assistance services, travel insurance and credit protection.

First and foremost, Accor guests will benefit from AXA’s most recent advances in telemedicine through free access to medical teleconsultations. Guests will also get access to AXA’s extensive medical networks with tens of thousands of vetted medical professionals. This will allow hotels to make the most relevant referrals (eg language, speciality, etc.) to their guests in the 110 destinations where Accor is present.

Signature ‘Work-to-Live-to-Work’ face masks to promote safety

Signature Sri Lanka’s iconic fashion brand launched the Signature brand face mask which will not only complete the ‘look’ of a professional working environment but will more importantly be a formidable first-line deterrent against the pandemic.

The new Signature brand face mask is manufactured under stringent guidelines and ensures absolute comfort while making breathing easier.

General Manager, Signature, Indika Perera said, “These are extraordinary circumstances we live in and we have currently learnt to manage our spheres comprising our personal life and our public life which include our professions. We at Hameedia want to be relevant yet adaptable in our approach to the new ‘normal’ as we set out to recommence our work life”.

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Amăna Bank continues profit momentum in Q1. Records strong growth in deposits

Amăna Bank achieved a commendable Q1 performance in 2020, which saw its customer deposits grow by Rs 5.4 billion or by 8% to close the quarter at Rs 77.0 billion. As a result of conscious strengthening of credit risk parameters in the backdrop of challenging market conditions, advances grew only by 1% to close at Rs 58.4 billion.

The growth in customer deposits is a strong indication of the growing customer confidence and demand for the Bank’s people-friendly banking model. The growth also reflects the Bank’s effort in increasing its reach through strategic partnerships and collaborations, resulting in the Bank having one of the largest networks for deposits with 750+ access points across the Island.

Owing to the increase in customer deposits, the Bank’s Total Assets surpassed the Rs 90 billion mark to read at Rs 91.6 billion resulting in the Bank’s Net Asset Value improving to Rs. 4.78 per share.

Despite the challenging economic conditions which continued, Amăna Bank has been successful in maintaining its profit momentum in Q1 2020, recording a Profit Before Tax of Rs 180.2 million which remained flat when compared with the Q1 2019 figure of 180.8 million. Profit After Tax was recorded as Rs 129.8 million which saw a 3% increase from Q1 2019. The PAT includes the benefit of tax concessions that were offered for the current year as part of reforms to banking sector taxation.

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