Oct 03, 2019 (LBO) - Hatto National Bank was recognized as Sri Lanka’s strongest bank by balance sheet evaluation by the Asian Banker Magazine.
“There are a multiplicity of metrics which professionals utilize to gauge the success of a bank, because business is about numbers, but it is also about trust, " Jonathan Alles, managing director and chief executive of the bank said speaking of the achievement.
"We are therefore extremely proud and grateful to have been ranked as the Strongest Bank in Sri Lanka by the Asian Banker Magazine as it helps to further reinforce our position as being the strongest, safest, and most secure bank in Sri Lanka.
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Considered to be the first credible global annual ranking of banks based on balance sheet strength in the Asia- Pacific, Middle-East and African region, the Asian Banker Magazine’s ranking of the strongest banks was initiated in 2007 and has grown to be widely followed by investors, analysts and media when assessing the financial strength of commercial banks across the globe.
The annual independent study of commercial banks is based on a rigorously detailed and transparent scorecard focusing on six areas of banking sector balance sheets and financial performance at a national level including: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.