Company filings and market news from across Sri Lanka's stock market.
HNB FINANCE PLC ran financial literacy workshops in Nittambuwa and Nuwara Eliya attended by over 300 MSME participants. The sessions covered business account and debt management, cost control and growth strategies, and participants received a company manual and awards for innovative ideas.
Hatton National Bank PLC reported Group PBT of Rs 38.7 Bn and Bank PAT of Rs 22.2 Bn for the nine months ended Sept 2024. Deposits reached Rs 1.62 Tn, LKR CASA rose to 35.8%, net stage 3 ratio improved to 3.32% and Tier I capital was 15.51%.
Banks, regulators and SMEs met at the Presidential Secretariat to discuss SME loan repayment difficulties and parate execution; the parate execution law has been suspended until Dec 15. The Central Bank and commercial banks will evaluate temporary suspension of debt recovery and compile a report to design relief.
HNB Finance PLC held a World Children’s Day 2024 art exhibition featuring 90 young finalists (children of staff) at its headquarters and promoted its HNB Finance Yalu Children’s Savings Account. CEO Chaminda Prabhath opened the event and winners received certificates and prizes co-sponsored by Atlas Axillia.
HNB Finance (HNBF.N0000) inaugurated a new Gold Loan Centre in Embilipitiya, expanding access to gold loans and other financial services with low interest rates and flexible repayment options.
HNB FINANCE PLC opened a new Gold Loan Centre at No.59 Ratnaweera Building, Main Road, Embilipitiya, expanding access to its Gold Loan, Gold Plan and VIP Gold Loan products and offering leasing, deposits and other loan services with low rates and flexible repayment options.
HNB Finance (HNBF.N0000) won the Overall Silver Award for Best Website 2024 in the Finance & Insurance category at the BestWeb.lk Awards for its site www.hnbfinance.lk. The award recognized the site's design, technical quality and multilingual features.
HNB Finance Plc won the Overall Silver Award for Best Website 2024 in the Finance & Insurance category at BestWeb.lk, recognising www.hnbfinance.lk for design, technical quality and user features.
HNB FINANCE PLC opened three new Gold Loan Units in Galgamuwa, Kekirawa and Mahiyanganaya to offer its Gold Loan, Gold Plan and VIP Gold Loan products to local customers.
The Sri Lanka–Korea Business Council panel featured Advocata chair Murtaza Jafferjee warning that rising debt, high interest rates and sharp rupee depreciation threaten fiscal stability and require reforms; IMF projects about 3% annual GDP growth for 2024–29 contingent on disciplined policy.
Hatton National Bank (HNB.N0000) reported Group PAT of Rs. 16.2 billion and Bank PAT of Rs. 15.4 billion for the six months to June 2024. Loans grew by about Rs. 27.6 billion in Q2, rupee CASA rose Rs. 58 billion in 1H, Tier I/Total CAR at 16.17%/19.69% and LCR at 383.9%.
Hatton National Bank PLC posted Group PAT of Rs 16.2 Bn and Bank PAT of Rs 15.4 Bn for the six months ended June 2024. Gross loans grew ~Rs 27.6 Bn in Q2, rupee CASA rose Rs 58 Bn in 1H, and the bank maintained strong capital (Tier I 16.17%) and liquidity (LCR 383.9%).