HNB secures Top 3 position on Business Today rankings

Tuesday, 8 December 2020 02:38 - - {{hitsCtrl.values.hits}}

Consolidating an outstanding reputation for excellence and a legacy of digital innovation even in the volatile backdrop of the COVID pandemic, Sri Lanka’s most popular retail bank, HNB PLC was ranked among the Top 3 on Business Today prestigious list of the Top 30 Corporates in Sri Lanka.

Compiled following a stringent series of evaluations of all participants, the Business Today’s Top 30 Rankings assess nominees on their quality of growth, corporate governance and long-term vision. During the period in review, HNB’s strong financial performance, and proven ability to introduce novel technology-enabled capabilities, products, and services helped the bank secure a ranking amongst the Top 3.

“Our brand has evolved over decades into one of the strongest banking franchises both locally and internationally. Our position among the foremost corporates in the Business Today Top 30 ranking stands as a testament to the ambitious and transformational journey that we are pursuing.

“Given the uncertainties we experienced this year, corporate Sri Lanka has realigned and readjusted its strategies to face the repercussions of the COVID-19 pandemic as it unfolds. In such a volatile environment, HNB doubled down on technological transformation, in order to rapidly adapt to the ‘new normal’ of socially distanced, and increasingly digital customer engagement.

“Moving forward, innovation and new thinking are a must for any organisation to grow sustainably. Accordingly, over the coming year we will continue to explore new pathways for the bank to evolve and thrive despite the uncertain macroeconomic conditions that may emerge over the next year,” HNB Managing Director and CEO Jonathan Alles said.

The Business Today ranking is the most recent in a string of accolades bestowed on HNB in recognition of its transformational approach to banking. Over the recent past, HNB was also ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine. Additionally, HNB’s remarkable track record of excellence helped secure its place among the ‘Top 10 Most Admired Companies in Sri Lanka’ by the International Chamber of Commerce, Sri Lanka and the Chartered Institute of Management Accountants (CIMA). Based on its performance over the past 25 years, the bank was also included in the LMD Top 100 Club. Similarly, HNB was presented with the award for Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020. The award marked the second consecutive year in which the bank was declared country winners in a category which prior to 2018 had been dominated by multinational banks.

Other prestigious accolades won by the bank include the Best Retail Bank in Sri Lanka award for 2020 by the Asian Banker Magazine and a total of seven awards at the Best Corporate Citizen Sustainability Awards 2019 organised by the Ceylon Chamber of Commerce.

With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. The first Sri Lankan bank to obtain an international credit rating, HNB is rated on par with the sovereign by Moody’s Investors Service, and the long-term national rating of HNB was revised upward by two notches to AA+ (lka) recently by Fitch Ratings (Lanka) Ltd.