Hatton National Bank PLC A Comprehensive Look

Hatton National Bank PLC is a well-established financial institution in Sri Lanka, with a rich history dating back to 1938. It was founded by Sir Marcus Fernando, a renowned businessman and statesman.

The bank's early years were marked by significant growth, with a strong presence in the Sri Lankan market. Today, Hatton National Bank PLC is a leading commercial bank in the country, offering a wide range of financial services to individuals, businesses, and organizations.

One of the bank's key strengths is its commitment to providing excellent customer service. This is evident in its numerous branch locations and extensive ATM network, making it easy for customers to access their accounts and conduct financial transactions.

Hatton National Bank PLC has a strong reputation for stability and reliability, with a long history of successful operations.

Hatton National Bank PLC has a listing on the Stock Market under the ticker symbol HNB.N0000 Stock. This indicates that the bank's shares are publicly traded.

The company's stock is categorized under Equities, which is a type of financial instrument that represents ownership in a company.

For those interested in investing in Hatton National Bank PLC, the company's stock can be found listed under the symbol HNB.N0000 Stock on the Stock Market.

The income statement is a crucial part of any company's financial information, and it's essential to understand what it entails. It provides a snapshot of a company's financial performance over a specific period.

Let's take the example of Hatton National Bank PLC, whose stock is listed as HNB.N0000. The company's income statement will include details about its revenue, expenses, and net income.

Revenue is the total amount of money earned by the company from its various business activities. In the case of Hatton National Bank PLC, its revenue will include interest income from loans and investments.

Here's a breakdown of the company's income statement:

Understanding the income statement is vital for investors, analysts, and even company management to make informed decisions. By analyzing the income statement, you can gauge a company's financial health and identify areas for improvement.

Financial information is crucial for businesses and investors alike. It helps us understand how a company is performing over time.

Let's take a closer look at the sales by activity for Hatton National Bank PLC. We can see that retail sales have been steadily increasing, reaching a high of 56.81B in 2023.

The bank's sales have been influenced by various activities, including retail, SME, micro, corporate, eliminations/unallocated, insurance, NBFIs, real estate, and treasury. Each of these activities contributes to the overall sales figure.

Retail sales have been the highest-generating activity for the bank, with a significant increase from 12.42B in 2020 to 56.81B in 2023. This growth is impressive and suggests a strong demand for the bank's retail services.

Here's a breakdown of the sales by activity:

The bank's sales have been impacted by various activities, with some showing significant growth while others have declined. This highlights the importance of understanding the nuances of financial information.

The Asian Development Bank (ADB) has signed a $100 million loan agreement with Hatton National Bank (HNB) to support infrastructure development in Sri Lanka.

This loan will help bridge the gap in long-term financing for infrastructure projects in underdeveloped regions of the country.

The financing includes a direct ADB loan of up to $75 million and a B-loan from financial institutions of up to $25 million.

HNB has a long history of financing infrastructure projects, dating back to 1975, and is one of the largest lenders in the renewable energy sector.

The loan will also allow HNB to strengthen its asset-liability profile by extending long-term loans.

Sri Lanka's infrastructure investment needs are estimated at about $4 billion to $7 billion a year, or 4% to 7% of gross domestic product.

The loan agreement was signed by Rose Cooray, Director of Hatton National Bank, and Sri Widowati, ADB Country Director for Sri Lanka.

Key sectors requiring support include energy, solid waste management, telecommunications, transport, and water and sanitation.

The leadership team at Hatton National Bank is composed of experienced professionals who have been appointed to the board since 2013. Antonio Alles has been a director/board member since 2013.

The bank's chairman is Kuttikande Jayawardene, who took on the role in 2023. He is responsible for providing strategic direction to the board.

Antonio Alles, at 59 years old, is one of the longest-serving members of the board, having joined in 2013. He has been a director/board member since then.

The bank's board members are appointed for varying periods, with some serving since 2018. W. M. Madura Rathnayake and Prawira Saldin joined the board in 2018.

The average age of the board members is not publicly disclosed, but some members, like Prawira Saldin, are 66 years old. He has been a director/board member since 2018.

Here's a list of the board members and their appointment dates:

Hatton National Bank has a rich history that spans over a century. The bank's roots date back to 1888, when it was first established.

Brown and Company, a Ceylonese conglomerate, played a significant role in the bank's history. In 1947, they acquired Hatton Bank and the Hatton Transport and Agency Co, thus becoming the Browns Group.

Here are some key milestones in the bank's history:

The bank has undergone several transformations over the years, but its commitment to providing quality financial services has remained unchanged.