Strategy Used In Hatton National Bank
1. Introduction to the Company
After 123 years of solid service, the HNB brand is deeply intertwined with the lives of thousands of Sri Lankans from all over the island, many of whom have held their accounts with HNB for generations. From a child’s minor savings account to corporate credit and project financing extending to billions of rupees, HNB remains the bank that thousands trust as their Partner in Progress. Together HNB have woven a financial network binding together a nation and its people, reinforced by decades of experience and strengthened by the loyalty of many business partnerships that have deepened over time.
Every customer HNB serve is special and every relationship is unique. This is why HNB believe that its business is more than just a series of transactions. It’s about developing long-term, strategic partnerships. It’s about being responsive, caring and treating people with respect. It’s about making sure that everyone has the opportunity to change their lives and make their dreams real.
HNB’s employee numbers are in the thousands.
In 1888 R.D Banks and A.T Atkin established a small, private bank called Hatton Bank to cater to the needs of investors and laborers in Ceylon’s tea plantations. In 1948: Sri Lanka attained its independence and Brown & Co., an engineering concern, bought the interests of the original investors.In 1961, the Sri Lankan government forbade foreign banks to accept deposits from Ceylonese nationals. This led to restructuring of the foreign bank presence in the Sri Lankan banking sector. In 1970 Hatton National Bank (HNB) was formed to take over Hatton Bank and the Kandy and NuwaraEliya branches of Grindlays Bank. (Grindlays had inherited these branches from its merger with National Bank of India (NBI). NBI had established the branches in 1892. By giving up the two branches Grindlays earned the right to continue to operate its branch in Colombo, which NBI had established in 1881, serving corporate business.) A share issue
After 123 years of solid service, the HNB brand is deeply intertwined with the lives of thousands of Sri Lankans from all over the island, many of whom have held their accounts with HNB for generations. From a child’s minor savings account to corporate credit and project financing extending to billions of rupees, HNB remains the bank that thousands trust as their Partner in Progress. Together HNB have woven a financial network binding together a nation and its people, reinforced by decades of experience and strengthened by the loyalty of many business partnerships that have deepened over time.
Every customer HNB serve is special and every relationship is unique. This is why HNB believe that its business is more than just a series of transactions. It’s about developing long-term, strategic partnerships. It’s about being responsive, caring and treating people with respect. It’s about making sure that everyone has the opportunity to change their lives and make their dreams real.
HNB’s employee numbers are in the thousands.
In 1888 R.D Banks and A.T Atkin established a small, private bank called Hatton Bank to cater to the needs of investors and laborers in Ceylon’s tea plantations. In 1948: Sri Lanka attained its independence and Brown & Co., an engineering concern, bought the interests of the original investors.In 1961, the Sri Lankan government forbade foreign banks to accept deposits from Ceylonese nationals. This led to restructuring of the foreign bank presence in the Sri Lankan banking sector. In 1970 Hatton National Bank (HNB) was formed to take over Hatton Bank and the Kandy and NuwaraEliya branches of Grindlays Bank. (Grindlays had inherited these branches from its merger with National Bank of India (NBI). NBI had established the branches in 1892. By giving up the two branches Grindlays earned the right to continue to operate its branch in Colombo, which NBI had established in 1881, serving corporate business.) A share issue