Hatton National Bank announced its decision to reduce interest rates in an effort to support the government in stimulating growth in the Country.

The Bank took this decision after taking into consideration the recent announcement made by the President requesting all state banks to reduce interest rates. The reduction in rates will be applicable for new loans and advances the Bank will grant in future and will be mainly focused on SME and growth sectors of the Country.

High interest rates and inflation that prevailed in the recent past discouraged new investments and the banking sector witnessed a drop in loans and advances over the last 12 months.