Awards for Excellence 2009: Sri Lanka
Best Bank: Hatton National Bank
In recognition of the turmoil the country was in, Euromoney did not give an award for best bank in Sri Lanka last year. Although the economic backdrop arguably worsened and the political situation only stabilized towards the end of this year’s review period, the country’s leading banks were able to post solid results and Hatton National Bank (HNB) led the way. The firm recorded a post-tax profit of SLR3.22 billion ($28 million), up 6.5% on the previous year, with interest income the main reason for the 23.9% increase in total income to SLR37.17 billion.