Hatton National Bank (HNB) posted a 35% growth in profit for 2009 at Rs 4.3 billion against Rs 3.2 billion in 2008 and is confident of sustaining the same performance this year despite the macro economic challenges.
“We posted this profit notwithstanding a charge of Rs.1.56 billion for corporate taxes and are positive about sustaining it,” HNB Managing Director Rajendra Theagarajah told the Business Times. When asked about the high taxation he said that the industry as a whole hopes that the government will heed their call for a sustainable taxation policy.
Pre- tax profit recorded by HNB was Rs.5.9 billion, up 26 % from Rs.4.2 billion in 2008. The total assets of the bank increased by 9% to reach Rs. 280.5 million while the deposit base grew by 13% to Rs 213 million last year compared to Rs 189 million in 2008. |
E-mail
