NTB achieves 24% ROE in 2024
View(s):Nations Trust Bank PLC (NTB) Reported strong financial results for the 12 months ending December 31, 2024, achieving a Profit After Tax (PAT) of Rs.17 billion, up 46 per cent YoY.
Nations Trust Bank, Director/Chief Executive Officer, Hemantha Gunetilleke, said, “The bank’s performance for the 12 months ending December 31, 2024 showcases our continued growth and expansion across diverse customer segments. Our solid capital position, strong liquidity buffers, effective risk management frameworks, and steadfast commitment to service excellence and digital empowerment remain the key drivers of our success.”
Improvements in the macro-economic environment and successful management of the bank’s credit portfolio resulted in total impairment charges decreasing by 69 per cent and the Net Stage 3 ratio reducing to 1.6 per cent, the bank said in a media release.
The bank’s financial performance is supported by its strong capital buffers, with Tier I Capital at 21.47 per cent and a Total Capital Adequacy Ratio of 22.6 per cent, well above the regulatory requirements of 8.5 per cent and 12.5 per cent, respectively.
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