Such achievements were the result of the combination of balance sheet restructuring, cost-effective processes and product rationalisation.
Asset growth was scaled to channel capital towards expansion, and asset allocation and pricing were improved. Stringent steps were adopted to curtail operational costs, which contributed to lowering the cost/income ratio. HNB rationalised its asset holdings and products portfolio by disinvesting unproductive assets and discontinuing or redesigning unproductive deposits, lifting the interest earning assets to 86%.
