HNB’s leadership foray in dividends issuance business

As Sri Lanka’s most digitally innovative bank, HNB PLC continues to lead the market in the dividend issuance business, with several of the country’s largest and most successful public limited companies mandating the Bank to support in their dividend issuances.

Commenting on the success that the Bank has achieved in supporting corporates to conveniently digitise the issuing of dividends, HNB’s DGM (Corporate Banking) Ruwan Manatunga said “Our goal is to continue to develop and leverage on cutting edge technological solutions, seamless end-to-end processing capabilities and the best market support team in the country to ultimately create meaningful market value and unmatched service experiences to corporates. The large number of dividend mandates awarded to the Bank by leading corporates is a testament of the best in class service that we provide our valued clients.”

The Bank provides the capability to local corporates to initiate and process dividend issuance via the HNB Online platform, by following company specific financial authorisation matrix stipulated for their dividend issuance. Once corporate approvals are completed, dividend warrants are printed at the Bank premises along with the MICR line. HNB also offers support with mailing of warrants to shareholders and this entire solution is being offered to local corporates at preferential pricing.

HNB’s cash management solutions offering covers Corporates, ranging from multinationals, large local conglomerates, mid-market enterprises, financial institution groups and non-banking financial institutions.  

Maintaining an island-wide presence across 251 customer centres, HNB also offers some of Sri Lanka’s most innovative internet and mobile banking services in the country that are designed to usher in a new technology-enabled banking paradigm.

HNB continues to receive local and global recognition for its Payments and Cash Management business and was awarded the Market Leader and Best Service in Cash Management by the globally acclaimed Euromoney magazine. The Bank was also awarded the Best Cash Management Bank, Best Tech Provision Bank and Best Bank by Services by the Asiamoney magazine. Furthermore, the Asian Banker awarded HNB the Best Cash Management Bank and Best Payment Bank in the Cash Management sphere in Sri Lanka.