This strategic acquisition will complement HNB's investments in Insurance and Capital Markets to benefit as a Group from the growth prospects of the Country. Mr Jonathan Alles, Managing Director / CEO of HNB commenting on the proposed investment said "Micro finance will play a key role in the development of rural Sri Lanka and in distributing the dividend of economic growth more evenly among society; as a premier local bank we take pride in participating in this development process"
Mr. Jonathan Alles and Mr. Dilshan Rodrigo Chief Operating Officer of HNB PLC signed the agreement on behalf of HNB PLC while Mr. B. Premalal Chairman Prime Lands Ltd and Ms Sandamini Perera, Deputy Chairman Prime Lands Ltd signed on behalf of Prime Lands Ltd. and Ms Crysanthi Thambiah, Director and Mr. Chaminda Prabath Managing Director of Prime Grameen Micro Finance Ltd signed on behalf of Prime Grameen Micro Finance Ltd.