April 08, 2019 | The Asian Banker
- Hatton National Bank exhibited strong financial performance for its retail business
- The bank leveraged on its network and l aunched an expansion campaign, growing its SME loan book significantly
- The bank forged strategic partnerships to deliver innovations and build relationships with SMEs
Dubai, March 21st, 2019 - Hatton National Bank was awarded Best SME Bank in Sri Lanka atThe Asian Banker International Excellence in Retail Financial Awards 2019. The awards ceremony was held in conjunction withThe Excellence in Retail Financial Services Convention 2019at Conrad Dubai, U.A.E on March 21st, 2019.
In the picture: John Holder, Chief Technologist, Realities Centre; Members of the International Advisory Council of Excellence in Retail Financial Services Awards Programme; Wilson Chia and Richard Hartung; Spiros Margaris, Founder, Margaris Ventures; Jude Fernando, Deputy General Manager - SME & Midmarket, Hatton National Bank
Hatton National Bank exhibited strong financial performance for its retail business
Hatton National Bank reported strong financial performance in 2018, growing its retail deposits and retail revenue by over 10% and 20% respectively. ROE on its retail business remained steady from the previous year at around 15%, while its cost-to-income ratio was just over 30%. Despite only having under 1% of its customers digitally active, over 5% of the bank’s income is generated through digital channels.
The bank leveraged on its network and launched an expansion campaign, growing its SME loan book significantly<...
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