HNB adjudged 'Bank of the year'

Managing Director and CEO of HNB Rajendra Theagarajah and Chairperson of HNB, Dr Ranee Jayamaha with the Bracken award flanked by the Asia Editor of The Banker, Ms Jane Cooper (left) and former BBC journalist Michael Buerk, the host of the awards ceremony (right).

HNB was recognised as 'Bank of the year 2012' in Sri Lanka by the UK-based 'The Banker Magazine' at a ceremony at Intercontinental Park Lane Hotel London recently.

HNB, Chairperson Dr Ranee Jayamaha said, "We are honoured to be recognised by the 'The Banker' magazine and this is a tribute to the efforts and dedication of the entire team at HNB.

This also affirms HNB's clear focus, strong growth, sound policies and constant strive for improvement."

Managing Director and CEO Theagarajah said, "HNB was able to successfully weather challenges from the increasingly unpredictable global environment and related impacts on the local economy by standing true to its ethos of a bank known for stability and safety in Sri Lanka.

"This was achieved by focusing on four pillars.

One, aligning our business strategy with the national vision to fully harness country's potential, two obtaining an international rating and bolstering capital adequacy ratios comfortably beyond regulatory minimum levels and three, significant investments in technology to strengthen our business model in terms of efficiency, centralisation and analytics and four, developing a robust electronic banking platform for effective deployment in the retail and corporate banking spaces.