From Surf Wiki (app.surf) — the open knowledge base

Hatton National Bank

Sri Lankan commercial bank

Field	Value
name	Hatton National Bank PLC
logo	HNB_New_Logo.png
logo_caption	Hatton National Bank logo
type	Public
traded_as
ISIN
industry	Financial services
founded
hq_location_city	Colombo
hq_location_country	Sri Lanka
num_locations	255 branches (825 ATMs)
num_locations_year	2023
key_people
revenue	LKR336.638 billion
revenue_year	2023
operating_income	LKR149.5 billion
income_year	2023
net_income	LKR1.606 billion
net_income_year	2023
assets	LKR2.047 trillion
assets_year	2023
equity	LKR219.557 billion
equity_year	2023
owners
subsid
num_employees	8,989
num_employees_year	2023
website
footnotes

Hatton National Bank PLC (commonly abbreviated as HNB) is a private bank in Sri Lanka with 255 branches and 825 ATMs. The bank traces its origin to 1888 when Hatton Bank commenced its operations in Hatton, Sri Lanka.

Founded in 1888 in Hatton to serve the local tea-plantation economy, the bank was later incorporated as Hatton National Bank in 1970 following a merger with branches of Grindlays Bank. It is headquartered in Colombo and, as of 2023, operates 255 branches and 825 ATMs across the country.

History

In 1947, Ceylonese conglomerate Brown and Company acquired Hatton Bank and the Hatton Transport and Agency Co, thus becoming the Browns Group. In 1970, Hatton Bank acquired two branches of Grindlays National Bank and became Hatton National Bank.

Awards and recognition

Hatton National Bank (HNB) was recognized as one of Sri Lanka’s Top 10 Most Admired Companies for 2022, marking its fifth consecutive appearance in this prestigious ranking. The accolade was jointly presented by the American Institute of Certified Public Accountants (AICPA), the Chartered Institute of Management Accountants (CIMA), and the International Chamber of Commerce Sri Lanka (ICCSL).

Subsidiaries performance

In June 2022, HNB Finance PLC—a wholly owned subsidiary of Hatton National Bank—delivered an exceptional operational turnaround. It recorded Group Net Interest Income of Rs 3,903.9 million and Group Total Operating Income of Rs 4,929.9 million, with all business lines returning to profitability thanks to improved disbursement growth and cost optimization efforts.

References

(25 November 2024). "HNB appoints Damith Pallewatte as Managing Director/CEO". Daily FT.
"Annual Report 2023". Hatton National Bank PLC.
(1997). "A Commercial Bank's Microfinance Program: The Case of Hatton National Bank in Sri Lanka, Parts 63-369". [[World Bank Publications]].
"Hatton National Bank PLC". Investing.com.
(2005). "Hatton National Bank PLC profile and flagship projects". APRACA.
(5 March 2012). "Trust and service excellence, the driving force of Browns". [[Sunday Observer (Sri Lanka).
(1996). "Small and Micro Enterprise in Sri Lanka: Bringing the Bankers to the People". Development in Practice.
(5 September 2023). "Unwavering excellence: HNB among Most Admired Companies for 2022". Daily FT.
(5 June 2022). "HNB Finance records exceptional performance turnaround". Sunday Observer.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

1888-establishments-in-ceylon banks-of-sri-lanka banks-established-in-1888 companies-listed-on-the-colombo-stock-exchange companies-in-the-s&p-sri-lanka-20-index

Want to explore this topic further?

Ask Mako anything about Hatton National Bank — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report