Ten million Ordinary Voting Shares at
70 each were offered through the IPO and the company is also listing Ordinary Non-Voting Shares at
20 per share by way of an introduction on the
This positive response also indicates the country's current investor friendly environment. We expect to ensure attractive returns to our investors, perhaps even exceeding their expectations," commented HNB Finance Managing Director and CEO Chaminda Prabhath.
The Managing Director of
" HNB Finance is a subsidiary of
Previously in 2011,
, which was approved by the
reached a commendable position as a profit-making financial company.In 2015,
and subsequently changed the company name to HNB Grameen Ltd.In 2017, Developing World Market (DWM) Funds S.
C. A.
SICAV SIF, a private equity fund registered in Luxembourg and managed from
The fund added noteworthy value to the company, driven by its particular expertise in the microfinance industry.In 2018,
was rebranded
Gearing up to attain greater heights, HNB Finance is a trusted and leading player in the nation's micro loans landscape. Proving its mettle as a player to be reckoned with, HNB Finance has won many local and international accolades in recent times.
In 2019, it was ranked among
The company also clinched the silver award at the National Business Excellence Awards in the Non-Banking category.In
1.16 billion, after obtaining a listing of the debentures on the
Today, HNB Finance has gained significant market share and has established itself as a trusted and respected finance company.
at an advantageous position to pursue greater heights. The company has diversified into numerous other segments and continues to seek sustainable growth through innovation and exceptional customer service.
Maintaining an island-wide presence through 48 branches and 21 service centres, HNB Finance has over the recent past expanded into new fields of business and now offers Small and Medium Enterprise (SME) loans in addition to savings, gold loans, education loans, home loans, personal loans, fixed deposit facilities and leasing products.
© Pakistan Press International, source