
HNB Assurance was incorporated in 2001 as a 60% owned subsidiary of HNB, to avail the opportunity of promoting bank assurance through the extensive distribution network of HNB. Over a short period of time, HNB Assurance has established itself in a highly competitive environment, offering both life and non-life insurance products.
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Sustained strain on interest income has stressed the need to raise fee based income sources of the Bank. Thus, HNB and DFCC entered into a joint venture to combine stock broking, investment banking abilities and fixed income securities. In order to merge the assets and aptitude of both banks, Acuity Partners (Pvt) Ltd was incorporated.
With remittance income being one of the main sources of exchange inflow to the country HNB has so far opened Exchange Houses in three strategic locations.
