Hatton National Bank

Last updated
Hatton National Bank PLC
Company type Public
CSE:  HNB.N0000
ISIN LK0078N00002
Industry Financial services
Founded1888;137 years ago (1888) [1]
Headquarters
Colombo
,
Sri Lanka
Number of locations
255 branches (825 ATMs) (2023)
Key people
[2]
RevenueIncrease2.svg LKR336.638 billion (2023)
Decrease2.svg LKR149.5 billion (2023)
Decrease2.svg LKR1.606 billion (2023)
Total assets Increase2.svg LKR2.047 trillion (2023)
Total equity Increase2.svg LKR219.557 billion (2023)
Owners
Number of employees
Increase2.svg 8,989 (2023)
Subsidiaries
  • HNB Assurance PLC
  • HNB Finance PLC
  • Prime Finance PLC
  • Acuity Partners (Pvt) Ltd
  • Lanka Ventures PLC
Website www.hnb.net
Footnotes /references
[3]

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. [1]

Contents

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. [4] [5]

History

In 1947, Ceylonese conglomerate Brown and Company acquired Hatton Bank and the Hatton Transport and Agency Co, thus becoming the Browns Group. [6] In 1970, Hatton Bank acquired two branches of Grindlays National Bank and became Hatton National Bank. [7]

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). [8]

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. [9]

See also

References

  1. 1 2 Randhawa, Bikki K.; Sacay, Orlando J. (1997). Gallardo, Joselito S. (ed.). A Commercial Bank's Microfinance Program: The Case of Hatton National Bank in Sri Lanka, Parts 63-369. World Bank Publications. p. 7. ISBN   978-0-82134-002-8 . Retrieved 26 November 2022.
  2. ↑ "HNB appoints Damith Pallewatte as Managing Director/CEO". Daily FT. 25 November 2024. Archived from the original on 26 November 2024. Retrieved 26 November 2024.
  3. ↑ "Annual Report 2023" (PDF). cse.lk. Hatton National Bank PLC. Retrieved 3 March 2024.
  4. ↑ "Hatton National Bank PLC". Investing.com.{{cite web}}: Missing or empty |url= (help)
  5. ↑ "Hatton National Bank PLC profile and flagship projects". APRACA. 2005.{{cite web}}: Missing or empty |url= (help)
  6. ↑ Warushamana, Gamini (5 March 2012). "Trust and service excellence, the driving force of Browns". Sunday Observer . Archived from the original on 3 March 2024. Retrieved 3 March 2024.
  7. ↑ Wijesundera, D. (1996). "Small and Micro Enterprise in Sri Lanka: Bringing the Bankers to the People". Development in Practice. 6 (2): 151–154. ISSN   0961-4524. JSTOR   4028979. Archived from the original on 4 March 2024. Retrieved 3 March 2024.
  8. ↑ "Unwavering excellence: HNB among Most Admired Companies for 2022". Daily FT. 5 September 2023. Retrieved 8 July 2025.
  9. ↑ "HNB Finance records exceptional performance turnaround". Sunday Observer. 5 June 2022. Archived from the original on 8 July 2025. Retrieved 8 July 2025.
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