NTB to raise Rs. 3.5 b via debenture

Nations Trust Bank Plc has announced plans to raise Rs. 3.5 billion via a listed debenture issue. 

The Board of the bank last week resolved to issue 35 million listed rated unsecured subordinated redeemable debentures with a convertible feature as per BASEL III requirements at Rs. 100 each. It last raised Rs. 5 billion via a debenture issue in November 2016.  



The bank this year successfully concluded a $ 50 m funding line from IFC, adding more diversity to the medium term funding structure of the bank. NTB closed the first half ending 30 June 2017 with a pre-tax profit of Rs. 2,977 m up by 27% over the corresponding period in the previous year.

As at 30 June 2017, NTB’s Core Capital Adequacy Ratio as a percentage of risk weighted assets was 10.05% as against minimum requirement of 5%. In end 2016 it was 10.57%. Total adequacy ration was 13.39% down from 15.04% whilst the minimum requirement is 10%.