CORPORATE BANKING

17 %

Growth in Assets

Rs300 Bn

Assets

81 %

Growth in NII

  • Launch of “HNB Online”, a fully integrated end to end electronic banking channel, the first to be offered by a local bank
  • Launch of Custodial and Trustee business
  • Continue to deploy significant lending assets overseas
  • NPA of less than 1%
  • Supporting the national development by funding infrastructure and renewable energy projects

25 %

Growth in Assets

Rs161 Bn

Assets

28 %

Growth in NII

  • The SME portfolio recorded a growth of 21% in disbursements which totalled Rs 75 Bn during the year.
  • Distributor Financing - the new channel of business gathered momentum during the year.
  • In keeping with our Triple Bottom Line approach, HNB continued to partner agencies such as USAID, GIZ, private accountancy bodies and the Federation of Chambers of Commerce of Sri Lanka for win-win initiatives to train, impart knowledge and develop entrepreneurship in order to uplift the SME sector across the country

6 %

Growth in Assets

Rs130 Bn

Assets

30 %

Growth in NII

  • Rs 225Bn Current Account and Savings Account portfolio
  • 18.3% growth in deposits
  • Rs 2Bn growth in minor savings
  • Continued to maintain the leadership position in Leasing among banks
  • Introduced value added services for housing loans such as fixed and variable option for interest rates, documentation support, loyalty card and fast track in-principle approval etc
  • 10% growth in personal loans
  • Introduced Emergency medical loans and Debt Consolidation product and revamped education loans
  • Maintained market leadership position in merchant acquiring with a 44% market share
  • Re-launched the priority banking proposition with value additions
  • Launched a single platform for both mobile & internet banking enabling access with single login credentials
  • 12.2% growth in inward remittances

25 %

Growth in Assets

Rs16 Bn

Assets

  • Reduction in NPAs by almost 50% over two years
  • Empowered regions to process all loans above Rs 5Mn which were previously processed at the branches to improve efficiency and customer experience
  • Continued financial literacy and entrepreneur development programmes

90 %

Growth in Profit

47 %

Growth in Advances

  • Launched “Ijarah” - a new Leasing product to cater to a wider customer base.
  • Opened three customer centres during the year, one in Pettah and the others in the Central and Eastern provinces - two high growth potential regions for Islamic Banking

800 +

Correspondent Banking Relationships

65 %

Growth in fees from Guarantees

25 %

growth in Exchange income

9 %

growth in fees from Trade

  • Launched a state of the art internet banking platform for Trade services
  • 30% growth in Treasury profitability