Business Banking, Small and Medium Enterprise Banking Solution in Sri Lanka by HNB

Overview

Hatton National Bank PLC (HNB) is one of Sri Lanka’s premier commercial banks. Backed by a rich legacy which began nearly 130 years ago to provide financial solutions to Ceylon’s nascent Tea industry, the Bank has grown alongside the nation and its people to the present day where it is a financial conglomerate delivering an entire spectrum of financial services to 2.5 Mn customers across the country.

HNB is a pioneer of SME financing in Sri Lanka. Throughout our journey which began far away from the commercial capital of the country, we have partnered a countless number of SME’s in their path to prosperity and have seen many of them graduate to corporate customer status.

We offer a comprehensive range of products and services to our SME clientele such as Term Loans, Working Capital Financing, Project funding , Import & Export Loan facilities and Distributor Financing.

HNB was proud to be honoured as the Best SME Bank in Sri Lanka by Asian Banker Excellence in Retail Finance Services International Awards 2019 held in Dubai on 21st March 2019.

HNB was proud to be honoured as the Best SME Bank in Sri Lanka by Asia Money recently.

SME digital initiatives

There are several initiatives have been taken under digital to bridge the technological gaps in SME industry

SME Business Card - Convenient transacting in pumping fuel for vehicles, Petty cash management, To purchase stationary …etc

Key features - The card will be issued in the name of the business and to be used by SME business for the official expenses.

SME -INSURANCE - The “SME Insurance “is a bundled product to ensure the total insurance requirements of SME customers are captured under the product of which would be a convenient way of acquiring total range of products in HNBA. The proposed product is designed in a way to bridge the service level gaps of the existing insurance services provided by HNBA.

Key features - Personalize service / Simple claim procedure / Special premiums.

27th Lane Business Hub - Match making solution for SME exporters to find buyers in German market which includes, value chain development of the SME to suit the German and EU markets. Packaging, Fair trade practices and other business eco system developments too covered.

WEB X PAY – E-Commerce for SMEs
HNB APPY - Software solution to SME's to set up their own App based site
ERP - This product is an inventory management solution for SME's which is a cloud based one. SME's could manage their Stocks, debtors or creditors through the system

SME Equity funding platform

We mainly target startups, Fintechs, Digital arms which are seeking capital /Equity . Deal ranges from Rs. 5 Mn to Rs.180 Mn could be arranged.

SME expo credit

HNB PLC in close collaboration with the Export Development Board of Sri Lanka (EDB) launched the HNB SME Export Credit, a pioneering new facility specially designed to meet the requirements and aspirations of Sri Lanka’s burgeoning Small and Medium Enterprise (SME) sector. Aimed at fostering unprecedented new opportunities for export-oriented growth in the SME sector, HNB’s new facility is the first of its kind to be specially developed for the sector, and is part of a broader effort from HNB to support macroeconomic growth in Sri Lanka.

The salient features of the product are as follows;

Target segment - Customers in regular export business for a considerable period and preferably under Small & Medium Enterprise (SME) category.
Purpose - To bridge the working capital requirements of SME-Export clients under both pre shipment and post shipment up to Rs.40 Mn .{ In any designated currency acceptable to the bank }
Eligibility - Exporters who have the integrity, expertise, technical knowhow and infrastructure to supply export orders successfully.

Security – Confirmed Export order/ Export Letter of Credit/DPN/ Cash build-up

Interest rate - Very special rates could be offed under LKR & FC

Other benefits –Direct collection online system / Special E- Marine insurance policy.

SME Lending

SME Equity funding platform

SME Lending

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