HNB reaches Rs. 2.5 trillion asset milestone in 2026
View(s):HNB, against a backdrop of heightened economic volatility, recorded a Profit After Tax (PAT) of Rs. 9.95 billion in Q1 2026, reflecting disciplined balance sheet expansion and sustained improvements in asset quality. At group level, performance remained resilient, with PAT reaching Rs 10.35 billion for the quarter, the bank said in a media release.
During the first quarter of 2026, interest income recorded a year-over-year (YoY) growth of 10.0 per cent. While interest expense increased during the period, the growth in interest income outpaced the rise in funding costs, resulting in Net Interest Income (NII) reaching Rs. 26.9 billion.
Net fee and commission income rose to Rs. 6.8 billion, up 40.9 per cent YoY from Rs.4.8 billion in Q1 2025, driven by strong momentum in the leasing segment, building on the expansion achieved in the previous year.
Overall, Total Operating Income for the first quarter of 2026 increased to Rs. 36.1 billion, compared to Rs. 30.8 billion recorded in the corresponding period of 2025, reflecting a YoY growth of 17.2 per cent.
Incorporating prevailing economic conditions, the bank adopted a prudent and forward‑looking credit risk management approach, with impairment provisions of Rs. 2.6 billion recorded in Q1 2026, compared to a reversal of Rs. 379.7 million in Q1 2025, reflecting a cautious risk stance amid economic challenges and global uncertainties.
Commenting on the performance, Damith Pallewatte, Managing Director / Chief Executive Officer of HNB PLC, stated, “The operating environment during the first quarter of 2026 remained subject to heightened uncertainty, shaped by global geopolitical developments and their spill‑over effects on local economic conditions. During these times, our foremost responsibility is to remain close to our customers and stakeholders across all segments, Retail, SMEs, Corporates, and the Microfinance sector, understanding their evolving needs and standing with them as conditions change.”
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