Business News from Sri Lanka: Sri Lanka’s leading private sector bank, HNB was recognized as Sri Lanka’s Strongest Bank by balance sheet evaluation by the prestigious Asian Banker Magazine. Speaking of the achievement, HNB MD/CEO Jonathan Alles stated: “There are a multiplicity of metrics which professionals utilize to gauge the success of a bank, because business is about numbers, but it is also about trust
. We are therefore extremely proud and grateful to have been ranked as the Strongest Bank in Sri Lanka by the Asian Banker Magazine as it helps to further reinforce our position as being the strongest, safest, and most secure bank in Sri Lanka. This award is also emblematic of the dedicated efforts committed by the entire HNB team, as well as the immeasurably valuable trust and confidence reposed in our brand by our esteemed customers across Sri Lanka.”
Considered to be the first credible global annual ranking of banks based on balance sheet strength in the Asia- Pacific, Middle-East and African region, the Asian Banker Magazine’s ranking of the Strongest Banks was initiated in 2007 and has grown to be widely followed by investors, analysts and media when assessing the financial strength of commercial banks across the globe.
The prestigious annual independent study of commercial banks is based on a rigorously detailed and transparent scorecard focusing on six areas of banking sector balance sheets and financial performance at a national level including the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.