HNB Finance PLC 2020 Integrated Report
Company: HNB Finance PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2020
Type: Integrated Report
Pages: 216
The report highlights HNB Finance Limited's performance and sustainability initiatives for the fiscal year 2019/20. Despite a challenging economic environment in Sri Lanka, the company recorded a 21.6% growth in customer deposits and a 15.4% increase in total assets. HNB Finance successfully launched its Initial Public Offering (IPO) on the Colombo Stock Exchange, which was oversubscribed on its opening day. The company embarked on a Business Process Re-engineering (BPR) exercise using Lean Six Sigma, resulting in LKR 40 million in cost savings and streamlined operations. Additionally, the company expanded its digital payment options and continued its commitment to female empowerment by supporting over 216,000 women through its microfinance programs.
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