Prime Finance Archives

August 15, 2022

Follows the acquisition of controlling interests in Prime Finance HNB Finance completed the integration with Prime Finance facilitated by MTI Consulting and concluded the formulation of their strategic plan for the year 2022-2025 with MTI’s inputs and expertise. With guidance from MTI for both entities during the successful merger transition, the […]

May 12, 2022

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May 12, 2022: Sri Lanka’s leading integrated financial services provider, HNB Finance PLC, has further strengthened its customer operations and branch network by absorbing and bringing under its brand the 7 branches of Prime Finance PLC. This strengthens HNB Finance’s total presence to 77 branches and positions the company to optimise […]

March 28, 2022

March 28, 2022: The Monetary Board of the Central Bank of Sri Lanka has approved the amalgamation of HNB Finance PLC and Prime Finance PLC with the amalgamated company being HNB Finance PLC, on December 8, 2021, under the Finance Companies (Structural Changes) Direction No. 1 of 2013, while considering the […]

December 20, 2021

Further extending its dominant position in the financial industry, leading integrated financial services institution HNB FINANCE PLC entered into a contractual agreement with Prime Lands and Prime Finance on 20th December, 2021, acquiring a controlling stake of 87.27% from Prime Lands (Pvt) Ltd, a pioneering force in Sri Lanka’s real estate landscape. This marks […]

January 20, 2021

20 January 2021: Prime Finance PLC, a member of the Prime Group, announced that it raised capital of Rs. 526.68 million following the successful conclusion of its fully subscribed Rights Issue in December 2020. Prime Finance PLC is a Licensed Finance Company by the Monetary Board of Central Bank of Sri Lanka (CBSL) which provides […]

MTI enables Strategy & Acquisition Integration for HNB Finance

HNB Finance positions to optimise synergies from Prime Finance’s acquisition

CBSL approves HNB Finance PLC and Prime Finance amalgamation

HNB FINANCE PLC acquires Prime Finance PLC

Fully subscribed Rights Issue of Prime Finance bolsters its core capital