3. Hatton National Bank
Hatton National Bank ranks at number three in the Business Today TOP 30 for the financial year 2015-2016. The Bank continues to expand and provide customer centric products that have enabled its growth over the years. PAT was 10.5 billion rupees and the NPA ratio was 2.43 per cent, which was achieved while maintaining a loan growth of 25 per cent.
All business segments saw growth, with personal loans and leasing growing by 67 per cent and 65 per cent respectively. Corporate banking grew by 30 per cent, SME by 25 per cent and microfinance by 35 per cent.
The Bank's strategic initiatives have focused on enhanced efficiency, cost optimisation and green banking. This is in line with their long term objectives. HNB Grameen Micro Finance, with 98 per cent of its clientele being women has enabled financial empowerment of women as well as the microfinance sector in Sri Lanka. Furthermore, through the Bank's Environmental and Social Management System they have evaluated social and environmental risks of the projects that HNB lend to.
HNB started its lending operations to the regional markets; they continued to lend to the Maldvies and began lending operations to Cambodia. With the aim of HNB becoming a regional bank, expansion into South and East Asia will be a focus in the future.
With the Sri Lankan economy beginning to resume activity with the construction and development projects gradually starting to gather momentum, 2016-2017 is expected to provide greater prospects for the banking industry upon which HNB will be able to strengthen its performance while venturing into new areas. The dynamism of Jonathan Alles, Managing Director/CEO has enabled the bank to move forward with renewed vigour with the Chairman and the board giving the direction and space to do so.