Thursday Nov 14, 2024
Thursday Nov 14, 2024
Thursday, 14 November 2024 01:53 - - {{hitsCtrl.values.hits}}
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| Chairperson Sherin Cader |
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| Director and CEO Hemantha Gunetilleke
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Nations Trust Bank PLC yesterday reported a strong performance for the nine months ending 30 September 2024, achieving a Profit After Tax (PAT) of Rs. 12 billion, up 29% YoY.
Director and CEO Hemantha Gunetilleke said: “The Bank’s results for the nine months ending 30 September 2024 reflect our sustained progress and expansion across various customer segments.
Our robust capital position, strong liquidity buffers, effective risk management frameworks, and unwavering commitment to digital empowerment remain the core strengths propelling the Bank’s success.”
The bank’s financial performance is supported by its strong capital position, with Tier I Capital at 15.84% and a Total Capital Adequacy Ratio of 17.12%, well above the regulatory requirements of 8.5% and 12.5%, respectively.
A strong liquidity buffer was maintained with a Liquidity Coverage Ratio of 305% against the regulatory requirement of 100%.
The Bank reported a Return on Equity (ROE) of 24.25%, while its Earnings Per Share for the nine months ending 30 September 2024 increased to Rs. 37.30, against Rs. 28.93 recorded during the same period last year.
Nations Trust Bank serves a diverse range of customers across Consumer, Commercial and Corporate segments through multi-channel customer touch points spanning both physical and digital. The Bank is focused on digital empowerment through cutting-edge digital banking technologies, and pioneered FriMi, Sri Lanka’s leading digital banking experience. Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka with market leadership in the premium segments.
