Declares a total dividend of Rs 8.50 per share
Hatton National Bank recorded another year of outstanding performance with Group profit after tax (PAT) increasing by 29% to Rs 10.1 bn while, the Bank's PAT recorded a growth of 28% exceeding Rs 9 bn.
Bank Chairperson Dr Ranee Jayamaha said the Bank has once again demonstrated resilience and posted an all-round exceptional performance notwithstanding the challenging global environment, adverse impacts on the pawning portfolio and a substantial reduction in interest margins.
"These were amply compensated by the proactive strategies adopted by the Bank in driving fee income, aggressive recovery action, improved productivity and cost management. In pursuance of our goal of reaching a Rs 1 Trillion balance sheet, the Group successfully crossed Rs 600 bn in assets during the year," she said.
Last edited by Teller on Sat Feb 28, 2015 3:39 am; edited 1 time in total (Reason for editing : calc error)