HNB reinforces commitment to national economic progress
View(s):HNB has sustained its upward momentum in the first half of 2025, delivering sound growth. Group Profit After Tax (PAT) recorded a growth of 42.5 per cent to Rs. 23.16 billion, while the bank PAT rose by 37.9 per cent, reaching Rs. 21.19 billion.
With interest margins being under pressure, the bank’s Net Interest Income remained broadly stable at Rs. 45.6 billion during the first half of 2025. The 11.3 per cent YoY drop in interest income amid lower interest rates, despite the strong loan book growth was offset by the 18.7 per cent YoY drop in interest expenses aided by strategic initiatives to strengthen CASA base, according to a bank media release.
Commenting on the performance, Nihal Jayawardena, Chairman of HNB PLC said, “I’m pleased to share our performance for the first half of 2025, a reflection of the unwavering commitment of our Hatna family and the enduring trust our valued customers continue to place in us. HNB remains a trusted partner in (the country’s) progress, committed to fostering inclusive growth and uplifting communities across the nation.”
Exchange income surged to Rs. 2.8 billion, reversing a loss of Rs. 1.3 billion recorded in the corresponding period of 2024, largely attributable to the depreciation of the Sri Lankan rupee.
Asset quality continued to strengthen during the quarter, supported by the bank’s resilient risk management framework, prudent underwriting and extensive recovery efforts. This progress was reflected in a favourable shift in the Stage 3 portfolio, and an impairment reversal of Rs. 5.1 billion, compared to the impairment charge of Rs. 1.5 billion recorded in the same period last year.
Damith Pallewatte, Managing Director / Chief Executive Officer of HNB PLC, said, “Our performance during the first half of the year stands as a testament to HNB’s innate strength, agility, and strategic focus. While focusing on inclusive growth with the improvement in the operating environment, we continued to accelerate our digital journey by embedding capabilities that elevate customer experience, enhance operational efficiency, and unlock new growth opportunities.
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