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Hatton National Bank (HNB)

Companies/Sri Lanka  •  Curated by Admin Timeline.sg

Hatton National Bank (HNB) is one of Sri Lanka's largest private banks, formed in 1969 through the merger of Hatton Bank and the National Bank of India (Ceylon). Over the decades, it has grown through strategic acquisitions, technological innovation, and international expansion, becoming a cornerstone of Sri Lanka's financial sector.

Chronological Storyline (36 Milestones)

1888 CE

National Bank of India Opens in Ceylon

The National Bank of India establishes operations in Ceylon, focusing on trade and commerce. #banking #colonial

1888 CE

Hatton Bank Established

Hatton Bank is founded in Hatton, Ceylon, as a private bank to serve the plantation sector. #banking #history

Hatton Bank Established
Hatton Bank Established
By Thesplatmeister - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=154193691
Jun 1, 1969 CE

Merger Creates Hatton National Bank

Hatton Bank and the National Bank of India (Ceylon) merge to form Hatton National Bank (HNB), with R. V. S. Perera as first chairman. #merger #banking

1970 CE

First Branch in Colombo Opened

HNB opens its first branch in Colombo at York Street, expanding beyond the plantation sector. #expansion

Jul 13, 1973 CE

Listing on Colombo Stock Exchange

HNB is listed on the Colombo Stock Exchange (CSE), becoming a public company and raising capital for growth. #ipo #stockmarket

1986 CE

First ATM Installed

HNB installs its first automated teller machine (ATM) in Colombo, pioneering self-service banking in Sri Lanka. #technology #banking

1990 CE

HNB Launches Credit Cards

HNB introduces its first Visa credit cards, entering the consumer credit market. #creditcards #consumer

1992 CE

HNB Rated by Fitch Ratings

HNB becomes one of the first Sri Lankan banks to obtain a credit rating from Fitch Ratings, enhancing investor confidence. #ratings #finance

1995 CE

Overseas Office in Chennai Opened

HNB opens its first overseas representative office in Chennai, India, to serve trade and remittances. #international #india

1997 CE

Branch in Jaffna Opened During Civil War

HNB opens a branch in Jaffna, providing banking services in a conflict zone and supporting local economy. #conflict #community

1999 CE

Acquisition of International Banking Business

HNB acquires the international banking unit of a local bank, expanding its foreign currency operations. #acquisition #banking

2000 CE

Internet Banking Launched

HNB launches internet banking services, allowing customers to manage accounts online. #digitalbanking #technology

2001 CE

Branch in Male, Maldives Opened

HNB opens a branch in Male, Maldives, extending its footprint in the Indian Ocean region. #international #maldives

2003 CE

Won 'Best Bank in Sri Lanka' by Euromoney

HNB receives the 'Best Bank in Sri Lanka' award from Euromoney magazine, recognizing its financial performance and innovation. #award #recognition

2004 CE

SMS Banking Launched

HNB introduces SMS banking, enabling customers to check balances and transfer funds via mobile phones. #mobilebanking #sms

2005 CE

Representative Office in Dubai Opened

HNB opens a representative office in Dubai to tap into the Sri Lankan expatriate remittance market. #middleeast #remittances

2006 CE

HNB Finance Subsidiary Established

HNB establishes HNB Finance Ltd as a fully-owned subsidiary to focus on leasing, mortgages, and microfinance. #finance #subsidiary

2007 CE

Islamic Banking Window 'Al-Nisa' Launched

HNB launches Al-Nisa, a Shariah-compliant banking window, catering to the growing Islamic finance market. #islamicbanking #shariah

2008 CE

Housing Loan Scheme for Low-Income Families

HNB introduces a low-interest housing loan scheme targeting low-income families, supporting social welfare. #housing #social

2009 CE

Mobile Banking App Launched

HNB launches a mobile banking application for smartphones, enabling 24/7 banking on the go. #mobileapp #digital

2010 CE

US Dollar Bond Issued in Singapore

HNB becomes the first Sri Lankan bank to issue a US dollar-denominated bond in Singapore, raising US$ 200 million. #bond #international

2011 CE

Microfinance Program Initiated

HNB launches a microfinance program to support small entrepreneurs and rural communities. #microfinance #financialinclusion

2012 CE

Representative Office in Dhaka Opened

HNB opens a representative office in Dhaka, Bangladesh, to facilitate trade and remittance flows. #bangladesh #expansion

2013 CE

Acquisition of 51% Stake in HNB Finance

HNB acquires a 51% controlling stake in HNB Finance from minority shareholders, consolidating its non-banking financial operations. #acquisition #finance

2014 CE

Women's Banking Unit 'HNB Women' Introduced

HNB launches a dedicated banking unit for women, offering tailored financial products and services. #women #financialinclusion

2015 CE

HNB Global Subsidiary Launched

HNB establishes HNB Global, a subsidiary for non-resident Sri Lankans, offering international banking services. #diaspora #global

2016 CE

First Digital Branch 'HNB DigiZone' Opened

HNB opens its first fully digital branch (DigiZone) in Colombo, featuring self-service kiosks and digital onboarding. #digitalbranch #innovation

2017 CE

Digital Savings Account 'HNB Solo' Launched

HNB launches HNB Solo, a paperless, fully digital savings account with no minimum balance. #digitalsavings #paperless

2018 CE

First Green Bond Issued by a Sri Lankan Bank

HNB issues Sri Lanka's first green bond, raising LKR 10 billion for environmentally sustainable projects. #greenbond #sustainability

Jun 1, 2019 CE

50th Anniversary Celebrated

HNB celebrates 50 years since the merger, with total assets exceeding LKR 1 trillion and a network of over 250 branches. #anniversary #milestone

2020 CE

COVID-19 Relief Packages and Digital Banking Surge

HNB introduces loan moratoriums and relief packages during the pandemic, and sees a surge in digital banking adoption. #covid19 #relief

2021 CE

HNB Pay Mobile Wallet Launched

HNB launches HNB Pay, a mobile wallet for contactless payments, bill payments, and fund transfers. #mobilewallet #fintech

2022 CE

New Branch in Kandy Opened

HNB opens a new flagship branch in Kandy, featuring modern design and digital services. #branch #expansion

2023 CE

Named 'Best Bank in Sri Lanka' by The Banker

HNB is awarded 'Best Bank in Sri Lanka' by The Banker magazine, reflecting strong financial performance and innovation. #award #banking

2024 CE

Partnership with Visa for Tokenization Services

HNB partners with Visa to introduce tokenization for secure digital payments, enhancing customer security. #tokenization #partnership

2025 CE

Assets Surpass LKR 1.8 Trillion

HNB's total assets exceed LKR 1.8 trillion, making it one of the largest private banks in Sri Lanka. #growth #milestone