HNB Finance secures CRIB Silver for disciplined credit data governance

Wednesday, 12 August 2026 - 16:15

HNB+Finance+secures+CRIB+Silver+for+disciplined+credit+data+governance

HNB Finance PLC has secured the Silver Award in the Data Submission Volume, Category 4 at the CRIB Data Management and Compliance Awards 2026, organised by the Credit Information Bureau of Sri Lanka.


The recognition was presented at CRIB’s Annual CEOs Forum and Institutional Rating Awards Ceremony 2026, which brought together leaders from Sri Lanka’s banking and non-bank financial institution sectors to recognise excellence in credit-data management, institutional compliance and responsible financial practices.


The CRIB awards recognise financial institutions across key areas including Data Validity, Data Management Efficiency and Data Submission Volume, with gold, silver and bronze honours presented within categories structured according to the scale and volume of information submitted by participating institutions.


HNB Finance’s Silver Award reflects the Company’s continued commitment to submitting accurate, complete and timely credit information while maintaining the systems, controls and governance standards required to manage customer data responsibly.


The awards follow a stringent institution-level assessment process covering the validity, accuracy, consistency, completeness and timeliness of credit information submitted to CRIB. Institutions are also assessed on data-management efficiency and adherence to applicable reporting, regulatory and compliance requirements.


HNB Finance Managing Director and CEO Chaminda Prabhath said, “Accurate and timely credit information is not simply a regulatory requirement. It directly affects the ability of customers to access finance and the quality of the lending decisions made by financial institutions.”


“When customer credit records are maintained correctly, responsible borrowers can be assessed more fairly, lending decisions can be made more efficiently and unnecessary delays in obtaining financial facilities can be reduced.”


“Strong credit-data management also supports financial discipline. It enables institutions to price and manage risk more responsibly, protect the quality of their lending portfolios and safeguard the interests of depositors and other stakeholders.”


Reliable credit information has become increasingly important as Sri Lanka seeks to expand access to formal finance while strengthening financial-sector stability.


For customers, improved credit-data quality can contribute to faster assessments, more transparent lending decisions and better access to appropriately structured financial products. At the institutional level, it strengthens credit-risk management, responsible lending and the early identification of potential repayment risks.


Organised by Sri Lanka’s statutory credit-information authority, the CRIB Institutional Rating Awards are regarded as among the country’s most coveted and prestigious recognitions for excellence in credit-data management and compliance within the financial-services industry.


 



Solar eclipse sends Bonnie Tyler hit soaring in streams
Friday, 14 August 2026 - 16:09

As the biggest partial solar eclipse in nearly three decades took place, Bonnie Tyler's '80s hit could be heard throughout the village she once lived in.With... Read More

'Unprecedented' rain in Japan kills six people
Friday, 14 August 2026 - 15:29

At least six people have died and five others are wounded in eastern Japan as record rainfall pummelled the Chiba prefecture near the capital Tokyo.The... Read More

Constitutional amendments must not be used as political tools, charges Dinana Dakuna
Friday, 14 August 2026 - 16:18

President Anura Kumara Dissanayake's arguments on judicial independence and the efficiency of the judicial system on behalf of the 22nd Amendment to the... Read More