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HNB Group records Sustainable Growth in 2024
Business Today Sri Lanka
|April 2025
Hatton National Bank posted robust overall performance in 2024.
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Group Profit After Tax improved to 44.8 billion rupees and Profit After Tax increased to 41.3 billion rupees.
Nihal Jayawardena, Chairman, HNB, stated, “With the improving economic landscape in 2024 providing the impetus for renewed business confidence and financial sector expansion, HNB leveraged its strong foundation to prove its leadership in the local banking industry. HNB’s solid capital position, strong liquidity, and digital-first strategy enabled the Bank to respond swiftly to emerging opportunities for business expansion, culminating in an exceptional financial performance in 2024. I would like to extend my heartfelt gratitude to all our stakeholders for their continuous support and for the trust and confidence placed in us during good and bad times”.
The bank achieved an 11.3 percent YoY growth in loans and advances. However, interest income declined by 21.6 percent due to a relaxed monetary policy, causing average yields on loans and government securities to fall nearly 45 percent. Net fee and commission income increased by 12.7 percent to 17.8 billion rupees.
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