Recognizing HNB as the Best Bank in Sri Lanka, Euromoney stated that crucial to Sri Lanka's economic future is a solid banking system, and no lender has proved itself more capable over the past year than Hatton National Bank.
Euromoney further stated that the privately run Colombo-based lender, which recently celebrated its 120th birthday, posted pre-tax earnings of Rs. 5.9 billion ($52 million) for the full year 2009, up 24% year on year, on income of Rs. 39.4 billion.
Commenting on the accolade Mr. Rajendra Theagarajah Managing Director/CEO of HNB stated that "it is truly an honour to be adjudged the Best Bank in Sri Lanka by the prestigious Euromoney finance magazine for the second consecutive time. Our strong commitment towards delivering an unparalleled service to the customers, consistent growth recorded and continuous focus on enhancing shareholder value are the cornerstones of our great achievement".
Since 1992 Euromoney, the world's leading financial markets magazine, has singled out the outstanding institutions in finance.
Over the years, the Awards for Excellence have evolved with the markets they cover. They now incorporate 25 global awards for banking and capital markets; and awards for the best banks and securities houses in almost 100 countries around the world.
All the awards have one central theme - they recognise institutions and individuals that demonstrate leadership, innovation, and momentum in the markets in which they excel.
At the recently concluded awards ceremony Credit Suisse was adjudged the best global bank while Deutsche Bank was awarded as the best global investment bank. Vikram Pandit, the Chief Executive Officer of Citigroup was recognized as the Euromoney's first banker of the year.
source - www.dailynews.lk
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