Nations Trust Bank, regulated by the Central Bank of Sri Lanka and governed by the Banking Act, commenced operations in July 1999 following the acquisition of the Colombo branch of the Overseas Trust Bank. Historically, the Bank’s profitability has been primarily driven by its Corporate Banking segment. However, in alignment with its strategic direction and long-term vision—“To be the premium retail-focused Sri Lankan bank, committed to superlative quality in all our dealings”—the Bank now aims to position itself as a retail-focused commercial institution.
Nations Trust Bank PLC (abbreviated as NTB) is one of the listed banks in Sri Lanka with 96 branches, 99 ATMs and 64 cash deposit & withdrawal machines as well as an automated channels and is the issuer and sole acquirer for American Express Credit Cards in Sri Lanka.[2] Nation Trust Bank's major shareholders are John Keells Holdings and Central Finance Company PLC which are leading companies in their respective operating sectors in Sri Lanka.
History
Nations Trust Bank was established in July 1999 when it acquired the Colombo Branch of Overseas Trust Bank Ltd.[3]
The bank has 96 branches and 99 ATM machines.
- Acquisition of Waldock Mackenzie Ltd.
- Acquisition of the Kandy branch of the Standard Chartered Bank
- Acquisition of the Personal Banking portfolio of Deutsche Bank
- Acquisition of the Commercial Banking Business and Foreign Exchange Business of American Express Bank in Colombo
- Merger with Mercantile Leasing Company in January 2006
References
- Annual Report 2022 cse.lk, Nations Trust Bank PLC, retrieved 13 March 2023^
- Nations Trust Bank expands to Deniyaya Daily News, Associated Newspapers of Ceylon Limited, 23 May 2013, retrieved 12 January 2023^
- Nations Trust Bank: Two Decades of Innovation & Trust adaderana.lk, Ada Derana, 1 July 2019, retrieved 12 January 2023^