Nations Trust Bank Explained

Nations Trust Bank PLC
Type:	Public
Industry:	Finance
Hq Location City:	Colombo
Hq Location Country:	Sri Lanka
Num Locations:	96
Num Locations Year:	2022
Area Served:	Sri Lanka
Products:	Banking, financial and related services
Revenue:	LKR64.818 billion
Revenue Year:	2022
Operating Income:	LKR38.867 billion
Income Year:	2022
Net Income:	LKR7.228 billion
Net Income Year:	2022
Assets:	LKR414.944 billion
Assets Year:	2022
Equity:	LKR46.041 billion
Equity Year:	2022
Num Employees:	2,479
Num Employees Year:	2022
Footnotes:	^[1]

Nations Trust Bank PLC (abbreviated as NTB) is one of the listed banks in Sri Lanka with 96 branches, 99 ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka.^[2] Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka.

History

Nations Trust Bank was established in July 1999 when it acquired the Colombo Branch of Overseas Trust Bank Ltd.^[3]

• Acquisition of Waldock Mackenzie Ltd.
• Acquisition of the Kandy branch of the Standard Chartered Bank
• Acquisition of the Personal Banking portfolio of Deutsche Bank
• Acquisition of the Commercial Banking Business and Foreign Exchange Business of American Express Bank in Colombo
• Merger with Mercantile Leasing Company in January 2006

The bank has 96 branches and 99 ATM machines.

Notes and References

1. Web site: Annual Report 2022 . cse.lk . Nations Trust Bank PLC . 13 March 2023.
2. News: Nations Trust Bank expands to Deniyaya . 12 January 2023 . . . 23 May 2013.
3. News: Nations Trust Bank: Two Decades of Innovation & Trust . 12 January 2023 . adaderana.lk . . 1 July 2019.