📈 HNB Secures No.1 Leasing Position Among Sri Lankan Private Banks

Hatton National Bank (HNB) PLC has solidified its leadership position, recording the highest leasing volumes and customer numbers among all private commercial banks in Sri Lanka. • Key Highlights & Innovations: • Repayment Flexibility: Developed two core innovations to counter seasonal income volatility: _Flexi Payment Plans_ (customizable rentals based on cash flow) and _Structured Payment Plans_ (aligning repayments with specific income cycles). • Salaried Professionals: Offered structures allowing interest-only payments for 11 months, with capital settlement deferred to annual bonus months. • Sector & Industry Impact: • Agriculture Focus: Allocated a substantial portion of its portfolio to agriculture, financing tractors, combine harvesters, and processing equipment. Structuring payments around harvest cycles has advanced rural financial inclusion and farm mechanization. • Broad Market Coverage: Services corporate fleets, SMEs (delivery trucks), retail clients (family cars), and microfinance borrowers across a nationwide network of over 25 dealer partnerships. • Sustainability: Actively driving green initiatives by offering dedicated leasing facilities for electric vehicles (EVs) and rooftop solar installations. • Awards & Recognition: • Recognized regionally as the Best Leasing Provider in South Asia. • Awarded Best Automobile Financing (Asia-Pacific Awards 2024 by Asian Banker) and secured multi-year partner awards from Tata Motors, Ideal Motors, and Hayleys Agriculture.