How Poor HNB?

intelstk · 21 Re: How Poor HNB? Sat Jul 09, 2011 2:29 am

intelstk

Senior Equity Analytic

Posts : 61
Join date : 2011-05-26

for VONE HNB charged only 250. but you should have an account with HNB. Any way I decided to open a current account at Union Bnak with no initial deposit... Very Happy

Fresher · 22 Re: How Poor HNB? Sat Jul 09, 2011 9:31 am

Fresher

Moderator

Posts : 1498
Join date : 2011-02-04

open a current account. problem solved

ISURU · 23 Re: How Poor HNB? Sat Jul 09, 2011 11:06 am

ISURU

Senior Manager - Equity Analytics

Posts : 580
Join date : 2011-02-06

npp wrote:open a current account. problem solved

Yes that is the most preferred solution for all above problems. Very Happy

ss7097 · 24 Re: How Poor HNB? Sat Jul 09, 2011 2:49 pm

ss7097

Manager - Equity Analytics

Posts : 108
Join date : 2011-01-28

Hey guys, I agree with the guys who critisized HNB.
That is a Shit bank but I have 02 saving accounts with them.

This is my story but not relavent for IPO issue.

One of my friends in Managerial position in one of their branches asked me if you need any loan come to me and I will get it less than 7days. He came to me more than twice and once I thought to have a loan to settle my Credit balance in March (CSE). He said not to worry and I can get more than 2M loan under Executive category with 14% interest. Even my salary goes to Commercial Bank Savings account (dealing with them more than 6 years), as a Friend of the HNB branch Manager, I applied with the documents what they requested for a loan and open a new Savings Account in that branch too.
After 02 days, one of my friends Credit department employees called and said, "Sir, very sorry our head office not approved your application and asked me to apply as a normal loan with 02 garantors with higher interest of 16%. I didn't have time to go and find people as garantors, I thought to talk to the Manager of Commercial Bank and got 2M Executive loan for 13% interest within 02 days. Commercial bank is much ahead than HNB and I never recommend HNB for any service.

I've no Current account and what I do is, use my uncle's Cheque book to apply IPOs Wink

Fresher · 25 Re: How Poor HNB? Sat Jul 09, 2011 2:55 pm

Fresher

Moderator

Posts : 1498
Join date : 2011-02-04

ss7097 wrote:Hey guys, I agree with the guys who critisized HNB.
That is a Shit bank but I have 02 saving accounts with them.

This is my story but not relavent for IPO issue.

One of my friends in Managerial position in one of their branches asked me if you need any loan come to me and I will get it less than 7days. He came to me more than twice and once I thought to have a loan to settle my Credit balance in March (CSE). He said not to worry and I can get more than 2M loan under Executive category with 14% interest. Even my salary goes to Commercial Bank Savings account (dealing with them more than 6 years), as a Friend of the HNB branch Manager, I applied with the documents what they requested for a loan and open a new Savings Account in that branch too.
After 02 days, one of my friends Credit department employees called and said, "Sir, very sorry our head office not approved your application and asked me to apply as a normal loan with 02 garantors with higher interest of 16%. I didn't have time to go and find people as garantors, I thought to talk to the Manager of Commercial Bank and got 2M Executive loan for 13% interest within 02 days. Commercial bank is much ahead than HNB and I never recommend HNB for any service.

I've no Current account and what I do is, use my uncle's Cheque book to apply IPOs

I now have my main accounts with HNB. Had no issues till now. Got an overdraft over my FD within minutes as well. (Head Office)

Anyway I think you also have to blame your friend and not only the bank. You should have asked for the reasons your application was not approved. Having an account at Com Bank for 6 years was an advantage for you there. They would be more than willing to give you a loan

stumpy · 26 Re: How Poor HNB? Sat Jul 09, 2011 3:05 pm

stumpy

Senior Manager - Equity Analytics

Posts : 515
Equity Stars : 5665
Reputation : 51
Join date : 2011-04-29
Location : Colombo

NDB is giving me bank drafts free of charge (but I have a bank account thr)

ss7097 · 27 Re: How Poor HNB? Sat Jul 09, 2011 3:44 pm

ss7097

Manager - Equity Analytics

Posts : 108
Equity Stars : 4983
Reputation : 12
Join date : 2011-01-28

npp wrote:

I now have my main accounts with HNB. Had no issues till now. Got an overdraft over my FD within minutes as well. (Head Office)

Anyway I think you also have to blame your friend and not only the bank. You should have asked for the reasons your application was not approved. Having an account at Com Bank for 6 years was an advantage for you there. They would be more than willing to give you a loan

After more than 01 month later, we had a drink with him and one of my friends taken his case with him. He is a COO of a controversial Hospital in Colombo and his housing loan didn't approve from HNB head office too. he was applied for a loan more than 02 weeks before me and at that time the loan was not approved (In early May). My friend, the Branch manager has told the issues what they face with their head office leagal team and credit approving team. What I recognized when i heard his side story, what Branch managers do is not knowing the head office guys and there is no proper link each other. In the same time, office politics is there definitely. In my case, he said my company is not in the list of companies what they approve loans. He said, until my application is disapproved, he didn't know that my company is not in that list or they have not provided any list of companies to them to check first place before proceed any loan applications. Branch Manager has given 02-03 more examples what he faced last few months. He has gathered these points to taken up when they have discussions with their superiors.

I had another case with same branch. That day my friend was on leave and I went to the bank to collect my rejected application with my account particulars and other details. As i said, i opened savings account with them before apply this loan and I wanted to deposit 05 dividend cheques what i got at that time, but they refused to do so. Deputy manageress of the branch said, due to my Savings account has not signed by a Current account holder, I can't deposit Cheques even those came to my name. When i told this to my uncle he said, this is a rule long time ago had with government banks to open a Savings/Current account. 02 current holders signatures require to open an account. In the same time, they first refused to give me the ATM card which I applied without the letter I got from the Bank. I had the bank book, my identity card and even some of the staff members knew me at that time that I'm one of the friends of their Branch manager. After I mentioned my friend's name only they went to the senior guys in the branch and inform that chap to hand over my ATM card. I told these things to my friend and he was in a shame and he scolded those guys and that is what he could do at that time.