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It was a strategic investment on which we will not lose on the long term. It would have brought better returns if the money had been invested in a subsidiary, Wijetilleke admitted.

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Sampath Bank has declined to register He said the board of directors and the corporate management worked out a strategic redirection plan where several far-reaching decisions were taken to get over the problems. HNB Group profit dipped to Rs.

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He said HNB Securities made a loss of Rs. Daluwatte said HNB Securities and two other subsidiaries, HNB Stockbrokers and HNB Assurance are however expected to make a positive contribution this year onwards.

Of the provisioning in , over Rs. DGM Daluwatte said that out of Rs. HNB looks at out of court settlement of its dispute with Sampath by Suresh Perera An out of court settlement in the controversial issue where Hatton National Bank HNB invested Rs.

The dispute is now in court. HNB is the largest private sector bank in terms of assets, deposits and branch network. The Jaffna branch has also been linked to this net, he said. NEWS POLITICS DEFENCE FEATURES OPINION LEISURE EDITORIAL CARTOON SPORTS.