Monthly Special

ldblquote Improving our interest cost structure by encouraging more current account deposits, is not the main objective of the promotion. Through the years the use of cheques by retail and business customers have become stagnant, due to lack of promotions, HNB Deputy General Manager, Dulip Daluwatte told Lanka Business Online.

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rnrnHNB being the largest private commercial bank in Sri Lanka, has over 150 different products in its offering. The bank adopted a strategic decision to promote this portfolio, by creating a ldblquote product of the month dblquote and focussing all marketing efforts on that product.

rnrnHNB posted a 71 percent drop in profits before tax to Rs. 169 mn for the nine months ended September 30, 2001.

rnrnldblquote We expect to at least double our current performance in fourth quarter due to capital gains and provision reversals, arising from the stock market revival dblquote , Daluwatte said in an earlier interview.

rnrnHNB holds one of the largest equity portfolios in the banking