Hatton National Bank
{{Short description|Sri Lankan commercial bank}}
{{more citations needed|date=February 2015}}
{{Infobox company
| name = Hatton National Bank PLC
| logo = HNB_New_Logo.png
| logo_caption = Hatton National Bank logo
| type = Public
| traded_as = {{Colombo Stock Exchange|HNB.N0000}}
| ISIN = {{ISIN|sl=n|pl=y|LK0078N00002}}
| industry = Financial services
| founded = {{Start date and age|1888}}
| hq_location_city = Colombo
| hq_location_country = Sri Lanka
| num_locations = 255 branches (825 ATMs)
| num_locations_year = 2023
| key_people = {{Unbulleted list|Nihal Jayawardene (Chairman)|Damith Pallewatte (MD/CEO)}}{{cite web|url=https://www.ft.lk/front-page/HNB-appoints-Damith-Pallewatte-as-Managing-Director-CEO/44-769665 |title=HNB appoints Damith Pallewatte as Managing Director/CEO |publisher=Daily FT |date=25 November 2024 |accessdate=26 November 2024 |archive-date=26 November 2024 |archive-url=https://web.archive.org/web/20241126013641/https://www.ft.lk/front-page/HNB-appoints-Damith-Pallewatte-as-Managing-Director-CEO/44-769665 |url-status=live}}
| revenue = {{increase}} LKR336.638 billion
| revenue_year = 2023
| operating_income = {{decrease}} LKR149.5 billion
| income_year = 2023
| net_income = {{increase}} LKR23.606 billion
| net_income_year = 2023
| assets = {{increase}} LKR2.047 trillion
| assets_year = 2023
| equity = {{increase}} LKR219.557 billion
| equity_year = 2023
| owners = {{Unbulleted list|Browns Investments (9.99%)|Employees' Provident Fund (9.75%)|Sri Lanka Insurance (8.27%)|Milford Exports (Ceylon) (7.91%)}}
| subsid = {{Unbulleted list|HNB Assurance PLC|HNB Finance PLC|Prime Finance PLC|Acuity Partners (Pvt) Ltd|Lanka Ventures PLC}}
| num_employees = {{increase}} 8,989
| num_employees_year = 2023
| website = {{URL|https://www.hnb.net}}
}}
Hatton National Bank PLC (commonly abbreviated as HNB) is a private bank in Sri Lanka with 255 branches and 825 ATMs. The bank traces its origin to 1888 when Hatton Bank commenced its operations in Hatton, Sri Lanka.{{cite book |last1=Randhawa |first1=Bikki K. |last2=Sacay |first2=Orlando J. |editor1-last=Gallardo |editor1-first=Joselito S. |title=A Commercial Bank's Microfinance Program: The Case of Hatton National Bank in Sri Lanka, Parts 63-369 |date=1997 |publisher=World Bank Publications |isbn=978-0-82134-002-8 |page=7 |url=https://books.google.com/books?id=7yoL0yapLkYC |access-date=26 November 2022}}
Founded in 1888 in Hatton to serve the local tea-plantation economy, the bank was later incorporated as Hatton National Bank in 1970 following a merger with branches of Grindlays Bank. It is headquartered in Colombo and, as of 2023, operates 255 branches and 825 ATMs across the country{{cite web |title=Hatton National Bank |access-date=8 July 2025 |work=Wikipedia}}{{cite web |title=Hatton National Bank PLC |access-date=8 July 2025 |work=Investing.com}}{{cite web |date=2005 |title=Hatton National Bank PLC profile and flagship projects |access-date=8 July 2025 |work=APRACA}}.
Products and innovations
In 2025, Hatton National Bank introduced the **Club Elite Mastercard**, described as Sri Lanka’s first **World Elite Metal Mastercard**, offered in collaboration with Mastercard International. The card is available on an invitation-only basis to clients of HNB's premium banking segment. According to the bank, the card provides benefits such as access to airport lounges, concierge services, hotel privileges through GHA Discovery, and travel-related insurance coverage.{{cite web |date=2025 |title=HNB introduces Sri Lanka's First World Elite Metal Mastercard |url=https://hnb.lk/about-us/news/hnb-introduces-sri-lanka-s-first-world-elite-metal-mastercard |access-date=8 July 2025 |work=Hatton National Bank}}
History
In 1947, Ceylonese conglomerate Brown and Company acquired Hatton Bank and the Hatton Transport and Agency Co, thus becoming the Browns Group.{{cite news |last1=Warushamana |first1=Gamini |title=Trust and service excellence, the driving force of Browns |url=https://archives.sundayobserver.lk/2012/02/05/fin41.asp |access-date=3 March 2024 |work=Sunday Observer |date=5 March 2012}} In 1970, Hatton Bank acquired two branches of Grindlays National Bank and became Hatton National Bank.{{cite journal |last1=Wijesundera |first1=D. |title=Small and Micro Enterprise in Sri Lanka: Bringing the Bankers to the People |journal=Development in Practice |date=1996 |volume=6 |issue=2 |page=151 |url=http://www.jstor.org/stable/4028979 |access-date=3 March 2024 |issn=0961-4524}}
Awards and recognition
Hatton National Bank (HNB) was recognized as one of Sri Lanka’s **Top 10 Most Admired Companies** for **2022**, marking its fifth consecutive appearance in this prestigious ranking. The accolade was jointly presented by the American Institute of Certified Public Accountants (AICPA), the Chartered Institute of Management Accountants (CIMA), and the International Chamber of Commerce Sri Lanka (ICCSL).{{cite news |date=5 September 2023 |title=Unwavering excellence: HNB among Most Admired Companies for 2022 |access-date=8 July 2025 |work=Daily FT}}
Subsidiaries performance
In June 2022, HNB Finance PLC—a wholly-owned subsidiary of Hatton National Bank—delivered an exceptional operational turnaround. It recorded **Group Net Interest Income of Rs 3,903.9 million** and **Group Total Operating Income of Rs 4,929.9 million**, with all business lines returning to profitability thanks to improved disbursement growth and cost optimization efforts.{{cite news |date=5 June 2022 |title=HNB Finance records exceptional performance turnaround |url=https://archives1.sundayobserver.lk/2022/06/05/business/hnb-finance-records-exceptional-performance-turnaround |access-date=8 July 2025 |work=Sunday Observer}}
See also
References
{{Reflist}}
External links
- [https://www.hnb.net Official website]
{{Banking in Sri Lanka}}
{{S&P SL20}}
{{All Share Price Index}}
{{Tallest structures in Sri Lanka}}
{{Authority control}}
Category:1888 establishments in Ceylon
Category:Banks established in 1888