HNB wins Sri Lanka’s Best Bank and Best Bank for SMEs’ at Euromoney Awards

In the face of a challenging economic landscape and global market downturn, HNB, Sri Lanka’s leading private sector bank, was honoured with the titles of ‘Sri Lanka’s Best Bank’ and ‘Sri Lanka’s Best Bank for SMEs’ at the prestigious Euromoney Awards for Excellence 2024.

“Our team deserves full commendation for an exceptional performance over the past year. We’ve seen remarkable growth in deposits, healthy fee income, and PAT. This strong performance was driven by HNB’s extensive investments to boost digital banking capacity, uplift SMEs and serve as a partner in progress to all Sri Lankans.

“The confidence placed in us by our customers and the nation inspires us to continuously strive for excellence. We are committed to providing the best banking experience to facilitate Sri Lankan enterprises of all sizes to perform at their fullest potential,” said HNB Acting CEO Damith Pallewatte.

The bank’s pioneering digital banking services also continued to flourish on the back of continuous growth in cashless transactions. Central to this success was HNB’s digital adoption rate, which continues to trend steadily upwards with among HNB customers.

“These awards are recognition of our team’s resilience and dedication towards banking and the nation, particularly for the SME and grassroots businesses. Since HNB’s inception, we’ve prioritised sustainable growth and grassroots community development,” said HNB Chief Operating Officer Sanjay Wijemanne.

HNB’s commendable performance was supported with robust financial strategies and customer trust. The bank has seen healthy improvements in fee income, driven by growth in card and digital channel transactions, reflecting the success of its diversified revenue streams. Contributions from Bancassurance, Digital Banking, and Self-Service Machines further bolstered this growth.

“This award from Euromoney Magazine is yet another testament of our commitment towards supporting sustainable growth in this vital sector and thereby the overall economy of the Country,” said Rajive Dissanayake HNB DGM SME & Micro Finance Euromoney Magazine is recognised globally as the most influential financial magazine and a leading source of information on finance, banking, investment and treasury.