NTB delivers strong 1H performance
View(s):Nations Trust Bank PLC has reported a strong performance in the first half of 2024, achieving a Profit After Tax (PAT) of Rs.8 billion, up 31 per cent YoY.
Commenting on the results, Hemantha Gunetilleke, Director/CE of Nations Trust Bank said, “The bank recorded a strong first half, highlighting continued growth across our customer segments. The bank’s strong capital base, healthy liquidity buffers, robust risk management models and continued focus on digital empowerment are the fundamental strengths that continue to drive the bank’s performance.”
In a media release, the bank said its financial performance was supported by its strong capital position, with Tier I Capital at 16.62 per cent and a Total Capital Adequacy Ratio of 17.83 per cent, well above the regulatory requirements of 8.5 per cent and 12.5 per cent, respectively.
A strong liquidity buffer was
maintained with a Liquidity Coverage Ratio of 298 per cent against the regulatory requirement of 100 per cent.
The bank reported a Return on Equity (ROE) of 24.7 per cent
while it’s Earnings Per Share for the 1H2024 increased to Rs.24.60, against Rs.18.76 recorded during the same period last year.
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