NTB records strong 3Q 2024 performance
View(s):Nations Trust Bank PLC has reported a strong performance for the nine months ending September 2024, achieving a Profit after Tax (PAT) of Rs.12 billion, up 29 per cent YoY, the bank said in a media release.
Hemantha Gunetilleke, Director/CEO of Nations Trust Bank, said, “The bank’s results for the nine months ending September 30, 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 per cent and a Total Capital Adequacy Ratio of 17.12 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 305 per cent against the regulatory requirement of 100 per cent.
The bank reported a Return on Equity (ROE) of 24.25 per cent, while its Earnings Per Share for the nine months ending September 30, 2024 increased to Rs.37.30 against Rs.28.93 recorded during the same period last year.
Nations Trust Bank PLC 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.
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