HNB crowned ‘The Best Bank – Sri Lanka’ at ICC Emerging Asia Banking Conclave and Awards

Thursday, 5 September 2024 00:02 - - {{hitsCtrl.values.hits}}

HNB Chief Operating Officer Sanjay Wijemanne (right) accepting the award from ICC President and NAFA Capital Advisors Managing Director Ameya Prabhu

HNB PLC, was honoured with the prestigious ‘The Best Bank – Sri Lanka’ title and was also recognised as the runner-up for ‘The Best Performance on Profitability – Sri Lanka’ at the second Emerging Asia Banking Conclave and Awards, organised by the Indian Chamber of Commerce (ICC).

The ICC Emerging Asia Banking Conclave and Awards ceremony took place on 23 August at The Leela Palace in New Delhi, India under the theme ‘Leading in the Digital Paradigm’. It brought together international speakers, delegates, and regulators from The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) countries to discuss technological advancements and future developments in the banking industry.

“These awards underscore our continuing commitment to empowering all segments of Sri Lankan society – while facilitating businesses of all sizes to compete on the global stage – towards a broad-based economic revival. We aim to facilitate our clients with the services, technical knowledge, and network needed to seize international opportunities and penetrate new markets.”

“Looking ahead, we remain steadfast in our pursuit of sustainable development, continuously refining our strategies to enhance resilience and catalyse transformative change. These recognitions fuel our determination to play an even more pivotal role in Sri Lanka’s economic resurgence, setting new benchmarks for the banking sector in the process,” said HNB Acting CEO Damith Pallewatte.

The bank’s outstanding performance in areas such as asset quality, profitability, advances and deposit growth, liquidity, capital levels, gender equality, adherence to compliance etc., contributed to this remarkable achievement.

“Receiving these prestigious global accolades is a testament to our team’s remarkable dedication and renewed vigour, as well as the robust systems we have implemented to deliver unparalleled service excellence. Our initiatives, such as the Everest Transformation project, have radically improved our operational efficiency and digital banking capabilities. These comprehensive internal realignments have been the cornerstone of HNB’s exceptional growth trajectory and a key driver behind our recognition at these esteemed awards.”

“By continuously evolving and adapting to meet the dynamic needs of our customers, we are not just transforming our operations; we are reshaping the future of banking in Sri Lanka. These awards motivate us to push even further, innovating and excelling in ways that benefit our customers, shareholders, and the nation as a whole,” said HNB Chief Operating Officer Sanjay Wijemanne.

As of the first half of this financial year, HNB’s asset base improved to Rs. 1.95 trillion as of June 2024, recording a Rs. 27.6 billion growth in gross loans during the quarter. Meanwhile, the bank’s deposit base further expanded to Rs. 1.59 trillion as of June 2024.

Throughout the preceding year, HNB also demonstrated remarkable resilience and consistent performance amid significant industry headwinds. Notably, the bank reported a 63% year-on-year (YoY) surge in digital transaction volumes, complemented by a 65% YoY increment in the customer base engaging with its digital platforms.