Hatton Mulls Myanmar Foray as Sri Lanka Profit Margins Squeezed
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Hatton National Bank Plc., Sri Lanka’s second-biggest privately owned lender by assets, is looking to invest and lend in Southeast Asia’s developing economies as record-low interest rates at home squeeze spreads.
“The region of Cambodia and Myanmar are presenting opportunities,” for lending to small and medium enterprises and microfinance, Chief Executive Officer Jonathan Alles said in an interview. Hatton National may also look at “placing debt or taking equity stakes in companies” in the Asia-Pacific region.