HNB’S leadership forays in dividends issuance business
As Sri Lanka’s most digitally innovative bank, HNB PLC continues to lead the market in the dividend issuance business, with several of the country’s largest and most successful public limited companies mandating the bank to support in their dividend issuances.
Commenting on the success that the bank has achieved in supporting corporates to conveniently digitize the issuing of dividends, HNB DGM Corporate Banking Ruwan Manatunga said, “Our goal is to continue to develop and leverage on cuttingedge technological solutions, seamless end-to-end processing capabilities and the best market support team in the country to ultimately create meaningful market value and unmatched service experiences to corporates. The large number of dividend mandates awarded to the bank by leading corporates is a testament of the best in class service that we provide our valued clients.
The bank provides the capability to local corporates to initiate and process dividend issuance via the HNB Online 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 and this entire solution is being offered to local corporates at preferential pricing.
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 islandwide presence across 251 customer centres, HNB’S 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 technologyenabled banking paradigm.