Hatton National Bank

Hatton National Bank PLC
Public limited company
Traded as CSE: HNB.N0000
Industry Finance
Founded 1888[1]
Headquarters Colombo, Sri Lanka
Area served
 Sri Lanka
Key people
 Dr Ranee Jayamaha
Chairperson[2]
Products Banking, financial and related services
Slogan Your Partner In Progress
Website www.hnb.net

Hatton National Bank PLC is a leading private (i.e., not government-owned) bank in Sri Lanka with 256 branches and 452 ATMs. It has eight representative offices in the UAE, Bahrain, Italy, Oman, and Qatar. It is currently planning to expand to Myanmar and Cambodia.[3]

History

In 1888 R.D Banks and A.T Atkin established a small, private bank called Hatton Bank to cater to the needs of investors and laborers in Ceylon’s tea plantations.

In 1948: Sri Lanka attained its independence and Brown & Co., an engineering concern, bought the interests of the original investors.

In 1961, the Sri Lankan government forbade foreign banks to accept deposits from Ceylonese nationals. This led to restructuring of the foreign bank presence in the Sri Lankan banking sector. In 1970 Hatton National Bank (HNB) was formed to take over Hatton Bank and the Kandy and Nuwara Eliya branches of Grindlays Bank. (Grindlays had inherited these branches from its merger with National Bank of India (NBI). NBI had established the branches in 1892. By giving up the two branches Grindlays earned the right to continue to operate its branch in Colombo, which NBI had established in 1881, serving corporate business.) A share issue shortly thereafter changed the ownership structure of Hatton National Bank. After the share issue, Brown & Co and National & Grindlays owned 37% and 28% each respectively, while 35% of the company was in public ownership.[1] In 1974 HNB acquired Mercantile Bank of India’s branches in Pettah and Colombo, as well as a part interest in Mercantile (a subsidiary of HSBC since 1959, which retained its branch in Colombo).

More recently, in 1989 HNB acquired Emirates Bank International's Colombo branch as well as their Sri Lankan Foreign Currency Banking Unit. Seven years after that, HNB acquired Banque Indosuez’s Colombo branch.

In 2000 HNB opened a representative office in Karachi, Pakistan, and another in Chennai, India. Two years later, HNB acquired the Sri Lankan branches of Habib Bank A.G. Zurich. HNB planned to use them as the base for the bank's entry into Islamic banking.

Awards

Recognized as the 'Bank of the Year in Sri Lanka' by the renowned 'The Banker Magazine for the second consecutive time. The Bank of the Year Awards is an annual event and this year the prestigious Bracken Award was received by Mr. Jonathan Alles Managing Director/CEO at a ceremony held at the Intercontinental Park Lane Hotel London, on 28th of November 2013. http://www.thebanker.com

http://www.theasianbanker.com

http://www.esafa.org

http://www.worldhrdcongress.com

HNB Adhistana savings account won the prestigious "Best Practice Award" at the Global Forum on Remittances 2013 organized by International Fund for Agricultural Development (IFAD) and World Bank and co-sponsored by the EU, CGAP, IDB and UNCDF. It competed with over 50 projects from 40 countries. (Held on 20-23 May 2013 in Bangkok) Silver award in the Emerging Islamic Banking Finance Entity of the year category at the inaugural independent award ceremony recognizing the Sri Lanka Islamic Banking industry's significant contribution to Islamic Banking Finance (IBF). (Held on 23 October at Galadari Hotel. Colombo)

Global Brand Leadership Award for Excellence in Banking and Financial Services at the Global Brand Excellence Awards held at Taj Lands End, Mumbai. India http://www.worldbrandcongress.com

Overall Winner - (Gold Award) Best presented Annual Report 2009
Best presented Annual Report in the Banking Sector - Gold Award
Management Discussion and Analysis - Gold Awards
Corporate Governance - Gold Award
1st Runner Up — Best Corporate Citizen
Top 20 Best Corporate Citizen
Winner — Employee Relations Category

References

  1. ↑ 1.0 1.1 Banking History- Hatton National Bank
  2. ↑
  3. ↑ "Hatton Mulls Myanmar Foray as Sri Lanka Profit Margins Squeezed". http://www.bloomberg.com/''.

External links