MTI enables Strategy and Acquisition Integration for HNB Finance

Monday, 15 August 2022 00:00 - - {{hitsCtrl.values.hits}}

HNB Finance Chairman Dilshan Rodrigo, Managing Director Chaminda Prabath and MTI Consulting CEO Hilmy Cader

Follows the acquisition of controlling interests in Prime Finance

HNB Finance has completed the integration with Prime Finance facilitated by MTI Consulting and concluded the formulation of their strategic plan for the year 2022-2025 with MTI’s inputs and expertise.

With guidance from MTI for both entities during the successful merger transition, the strategic plan was developed based on MTI’s internationally applied 8S Model with the active participation of HNB Finance merged entity’s management team.

Commenting on the merger and formulation of strategic plan, Chairman Dilshan Rodrigo stated, “The purpose of this exercise was to ensure a smooth post-merger transition and to harness synergies from the merger to unlock the full potential of this union. MTI has provided an excellent framework whereby HNB Finance management worked together to identify, debate, and agree on the next steps of action towards sustaining our performance and achieving our strategic vision.” Moreover, he added, “I wish to commend MTI team on exhibiting great professionalism in their approach to design the strategic plan and from the initial dive-in of the project they have been diligent, attentive to detail, and receptive to feedback.”

HNB Finance Managing Director and CEO Chaminda Prabhath said: “MTI’s Strategic Planning and Merger Integration exercises couldn’t have commenced at a better time for the merged entity as a well-defined strategic plan and an organisational structure of this nature will provide a clear direction for the future of our organisation.”

MTI CEO Hilmy Cader said: “Backed by one of the country’s leading commercial banks, HNB Finance currently has the potential to reach the top tier of the Non-Banking Financial Institution sector in Sri Lanka. The merger with Prime Finance not only strengthens its branch network but also opens new pathways for progress through synergies. With the new strategic plan HNB Finance will be elevated by investing its efforts in digitalisation and branding throughout its product portfolio.”