HNB Grameen soon to be listed on CSE: official

Hatton National Bank PLC (HNB) subsidiary HNB Grameen will be listing on the Colombo Stock Exchange (CSE), a top official of the group said yesterday.
“In the HNB group, Lanka Ventures and HNB Assurance are listed and our recent acquisition HNB Grameen will be listed shortly,” HNB Managing Director/CEO Jonathan Alles said.

He was speaking before HNB opened trading at the CSE as part of the Market Opening programme featuring the entities in the S&P SL20 index.

HNB Grameen’s main focus is providing microfinance loans to women in rural areas to develop in the agriculture, retail and small business areas, with free financial consultations and flexible credit lines.

HNB acquired a 51 percent stake of the company in October 2014 for Rs.660 million from the Prime Land group, when HNB Grameen was named Prime Grameen Micro Finance.