HNB has strengthened its market leadership in the Corporate Cash Management business, with several of the country’s corporates continuing to mandate the bank to support their digital dividend issuances. In a media release, HNB’s DGM Corporate Banking, Ruwan Manatunga said that since HNB’s foray into the dividend issuance business in early 2018 with the launch [...]

Business Times

HNB leads in digital dividends issuance business

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HNB has strengthened its market leadership in the Corporate Cash Management business, with several of the country’s corporates continuing to mandate the bank to support their digital dividend issuances.

In a media release, HNB’s DGM Corporate Banking, Ruwan Manatunga said that since HNB’s foray into the dividend issuance business in early 2018 with the launch of the fully integrated web-based Payments and Cash Management (PCM) platform, the bank has successfully supported a large number of corporates to digitise the issuing of dividends.

“Our goal is to continue to develop and leverage on cutting edge technological solutions, enhanced through seamless end-to-end processing capabilities along with the best in the market support teams, and to create for our corporates unmatched business value and world class customer service experiences,” he said.

The bank provides the ability for corporates to initiate and process dividend issuance via HNB’s PCM platform, by following company specific financial authorization matrix stipulated for their dividend issuance. Once corporate approvals are completed, dividend warrants are printed at the bank premises along with the MICR line.

HNB also offers support with mailing of warrants to shareholders with the entire solution being offered to corporates at preferential pricing.

As the first Sri Lankan bank to introduce a digitally-enabled Payments and Cash Management solution for corporates, HNB’s cash management solutions offering covers corporates, ranging from multinationals, large local conglomerates, mid-market enterprises, financial institution groups and non- banking financial institutions.

Maintaining an island-wide presence across 251 customer centres, HNB also offers some of Sri Lanka’s most innovative internet and mobile banking services in the country that are designed to usher in a new technology-enabled banking paradigm.

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