HNB PLC, a leading private sector bank in Sri Lanka, has achieved a significant milestone by obtaining an Authorized Person License to operate within the Colombo Port City Special Economic Zone (SEZ). This strategic move positions HNB as a pioneer in supporting the nation’s economic revival. Port City Colombo, designed as a smart city, aims to be a modern service hub and future financial center, featuring distinct precincts such as Island living, Central Park living, The Marina, International Island, and the Financial District.
The city, approved by Sri Lanka’s Parliament, offers tax exemptions for up to 25 years, attracting international businesses and fostering economic resurgence. The AP License granted to HNB underscores its crucial role in providing world-class integrated banking solutions for businesses investing in Port City Colombo. HNB’s Managing Director/CEO, Jonathan Alles, emphasizes the bank’s commitment to maximizing the development’s potential.
With a heritage deeply rooted in Sri Lanka’s economic development, HNB sees Port City Colombo as an opportunity to contribute to the nation’s growth. The bank, having undergone significant organizational and digital transformation, is poised to provide globally competitive banking and financial services. HNB aims to elevate Port City Colombo to compete on a global scale, drawing parallels with financial hubs like Dubai, Singapore, and Hong Kong, while leveraging the unique strengths of South Asia.
