Financial Times

HNB opens commercial operations for remittances from Canada

Hatton National Bank (HNB) has launched commercial operations to facilitate remittance services from Canada to Sri Lanka. This service will be provided through its subsidiary Money Service Business (MSB) in Canada, Commercial Interlink Services Inc., under the banner “DELMA EXCHANGE CANADA”, the bank said.

Delma Exchange is a Money Service Business registered with and regulated by FINTRAC, and owned and managed by HNB.

CEO and Managing Director Rajendra Theagarajah said, “Canada is a very important corridor for inward remittances to Sri Lanka. With an estimated half a million Lankans living and working here, Canada is a much valued source of remittances into Sri Lanka and to Hatton National Bank. We pioneered this initiative amongst Lankan commercial banks by setting up our own MSB catering to the needs of the Sri Lankan community.”

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