Nations Trust Bank PlcCSELK: NTB.N0000

Interim Financial Statements for the nine months ended 30th September 2024

Nov 13, 2024 at 9:55 AM UTC · Issued by Nations Trust Bank Plc

THE RIGHT WAY FORWARD

Interim Financial Statements

For the nine months ended 30 September 2024

Company Registration Number: PQ 118

∙

NATIONS TRUSTBANK PLC

INCOME STATEMENT

Gross Income

Interest Income

Less: Interest Expense

Net Interest Income

Fee and Commission Income

Less: Fee and Commission Expense

Net Fee and Commission Income

Net Gains/(Losses) from Trading

Net Fair Value Gains/(Losses) on Financial Assets at Fair Value through Profit or Loss

Net Gains/(Losses) on Derecognition of Financial Assets at Fair Value through Other Comprehensive Income

Net Other Operating Income/(Loss)

Total Operating Income

Impairment Charges/(Reversals)

Net Operating Income

Less: Operating Expenses

Personnel Expenses

Depreciation of Property, Plant and Equipment

Depreciation of Right of Use (ROU) Assets

Amortization of Intangible Assets

Other Operating Expenses

Total Operating Expenses

		Bank
Nine Months Ended 30 September	Quarter ended 30 September
2024	2023	Change	2024	2023	Change
LKR '000	LKR '000	(%)	Rs. '000	Rs. '000	(%)
57,527,760	61,940,720	(7)	18,339,869	20,924,714	(12)
48,061,082	53,510,474	(10)	15,443,324	17,587,441	(12)
(21,603,093)	(27,299,359)	21	(6,911,989)	(8,945,126)	23
26,457,989	26,211,115	1	8,531,335	8,642,315	(1)
6,788,512	5,799,806	17	2,292,428	2,191,499	5
(358,137)	(293,476)	(22)	(114,078)	(107,620)	(6)
6,430,375	5,506,330	17	2,178,350	2,083,879	5
(1,592,659)	(882,397)	(80)	(1,010,059)	2,721,540	(137)
(124,493)	62,475	(299)	59,071	(25,703)	330
(142,458)	257,215	(155)	-	73,093	(100)
4,537,776	3,193,147	42	1,555,105	(1,623,156)	196
35,566,530	34,347,885	4	11,313,802	11,871,968	(5)
376,739	4,527,979	92	(601,556)	1,567,726	138
35,189,791	29,819,906	18	11,915,356	10,304,242	16
6,094,069	5,363,193	(14)	2,160,337	1,857,873	(16)
147,126	152,062	3	49,979	49,610	(1)
358,096	371,219	4	116,803	128,474	9
254,779	247,703	(3)	81,209	82,997	2
4,696,472	4,742,722	1	1,375,750	1,631,940	16
11,550,542	10,876,899	(6)	3,784,078	3,750,894	(1)

		Group
Nine Months Ended 30 September	Quarter ended 30 September
2024	2023	Change	2024	2023	Change
LKR '000	LKR '000	(%)	Rs. '000	Rs. '000	(%)
57,692,148	62,104,569	(7)	18,385,665	20,969,924	(12)
48,062,715	53,510,474	(10)	15,443,652	17,587,441	(12)
(21,423,437)	(27,032,538)	21	(6,859,236)	(8,854,280)	23
26,639,278	26,477,936	1	8,584,416	8,733,161	(2)
6,951,049	5,963,655	17	2,337,678	2,236,709	5
(358,137)	(293,479)	(22)	(114,078)	(107,620)	(6)
6,592,912	5,670,176	16	2,223,600	2,129,089	4
(1,592,659)	(882,397)	(80)	(1,010,059)	2,721,540	(137)
(124,493)	62,475	(299)	59,071	(25,703)	330
(142,458)	257,215	(155)	-	73,093	(100)
4,537,994	3,193,147	42	1,555,323	(1,623,156)	196
35,910,574	34,778,552	3	11,412,351	12,008,024	(5)
376,739	4,527,979	92	(601,556)	1,567,726	138
35,533,835	30,250,573	17	12,013,905	10,440,298	15
6,118,827	5,390,099	(14)	2,168,664	1,866,791	(16)
179,926	185,142	3	60,911	60,626	(0)
290,201	303,324	4	94,172	105,843	11
254,872	247,796	(3)	81,240	83,027	2
4,713,489	4,765,011	1	1,382,414	1,637,127	16
11,557,315	10,891,372	(6)	3,787,401	3,753,414	(1)

Operating Profit before Taxes on Financial Services	23,639,249	18,943,007	25	8,131,278	6,553,348	24
Less: Taxes on Financial Services	5,025,618	4,147,817	(21)	1,733,755	1,370,451	(27)
Profit before Income Tax	18,613,631	14,795,190	26	6,397,523	5,182,897	23
Less: Income Tax Expense	6,666,094	5,636,673	(18)	2,318,333	1,953,269	(19)
Profit for the Period	11,947,537	9,158,517	30	4,079,190	3,229,628	26
Profit Attributable to:

23,976,520	19,359,201	24
5,027,222	4,149,915	(21)
18,949,298	15,209,286	25
6,782,074	5,770,915	(18)
12,167,224	9,438,371	29

8,226,504 6,686,884 23

1,734,287 1,371,127 (26)

6,492,217 5,315,757 22

2,350,808 1,996,396 (18)

4,141,409 3,319,361 25

Equity Holders of the Bank	11,947,537	9,158,517		30	4,079,190	3,229,628	26
Non-Controlling Interest	-	-	-		-	-	-
Earnings Per Share
Basic/Diluted Earning Per Share (Rs.)	36.63	28.08		30	12.51	9.90	26

12,167,224	9,438,371	29	4,141,409	3,319,361	25
-	-	-		-	-	-
37.30	28.93	29	12.70	10.18	25

NATIONS TRUSTBANK PLC

STATEMENTOF COMPREHENSIVE INCOME

			Bank						Group
	Nine Months Ended 30 September	Quarter ended 30 September	Nine Months Ended 30 September	Quarter ended 30 September
	2024	2023	Change	2024	2023	Change	2024	2023	Change	2024	2023	Change
	LKR '000	LKR '000	(%)	Rs. '000	Rs. '000	(%)	LKR '000	LKR '000	(%)	Rs. '000	Rs. '000	(%)
Profit for the Period	11,947,537	9,158,517	30	4,079,190	3,229,628	26	12,167,224	9,438,371	29	4,141,409	3,319,361	25
Other Comprehensive Income/(Expense) that will be Reclassified to
Profit or Loss in Subsequent Periods;
Debt Instruments at Fair Value through Other Comprehensive Income
Net Change in Fair Value during the Period	(237,606)	5,498,875	(104)	(1,389,108)	3,354,538	(141)	(237,606)	5,498,875	(104)	(1,389,108)	3,354,538	(141)
Changes in Impairment for Expected Credit Losses	-	21,878	(100)	-	20,501	(100)	-	21,878	(100)	-	20,501	(100)
Tax (Expenses) / Reversal Relating to the Above	71,282	(1,656,226)	104	416,732	(1,012,512)	141	71,282	(1,656,226)	104	416,732	(1,012,512)	141
	(166,324)	3,864,527	(104)	(972,376)	2,362,527	(141)	(166,324)	3,864,527	(104)	(972,376)	2,362,527	(141)
Other Comprehensive Income/(Expense) that will not be Reclassified
to Profit or Loss in Subsequent Periods:
Re-measurement of Post Employment Benefit Obligations	-	(171,588)	100	-	(171,588)	100	-	(171,588)	100	-	(171,588)	100
Tax Expenses Related to the Above	-	51,476	(100)	-	51,476	(100)	-	51,476	(100)	-	51,476	(100)
	-	(120,112)	100	-	(120,112)	100	-	(120,112)	100	-	(120,112)	(100)
Other Comprehensive Income for the Period, Net of Tax	(166,324)	3,744,415	(104)	(972,376)	2,242,415	(143)	(166,324)	3,744,415	(104)	(972,376)	2,242,415	(143)
Total Comprehensive Income for the Period, Net of Tax	11,781,213	12,902,932	(9)	3,106,814	5,472,043	(43)	12,000,900	13,182,786	(9)	3,169,033	5,561,776	(43)
Attributable to:
Equity Holders of the Bank	11,781,213	12,902,932	(9)	3,106,814	5,472,043	(43)	12,000,900	13,182,786	(9)	3,169,033	5,561,776	(43)
Non-Controlling Interest	-	-	-	-	-	-	-	-	-	-	-	-

NATIONS TRUST BANK PLC

STATEMENT OF FINANCIAL POSITION

		Bank
As at	30.09.2024	31.12.2023	Change
	LKR '000	LKR '000	%
		(Audited)
ASSETS
Cash and Cash Equivalents	24,857,919	40,179,820	(38)
Balances with Central Bank of Sri Lanka	1,153,760	2,683,927		(57)
Reverse Repurchase Agreements	221,965	1,502,215	(85)
Derivative Financial Instruments	47,453	3,660	1,197
Financial Assets Recognised through Profit or Loss - Measured at Fair Value	2,977,271	10,934,069		(73)
Financial Assets at Fair Value through Other Comprehensive Income	92,273,192	79,922,903		15
Financial Assets at Amortised Cost - Debt Instruments	88,501,482	97,357,849		(9)
Financial Assets at Amortised Cost - Loans and Advances	293,541,638	270,944,786		8
Other Assets	4,807,058	3,352,652		43
Investments in Subsidiaries	678,710	678,710	-	-
Property, Plant & Equipment	2,761,071	2,597,097		6
Right of Use (ROU) Assets	1,280,856	1,319,294		(3)
Intangible Assets	1,285,665	1,353,420		(5)
Deferred Tax Assets	3,611,015	3,334,268		8
Total Assets	517,999,055	516,164,670		0
LIABILITIES
Due to Banks	27,379,250	49,681,663	(45)
Derivative Financial Instruments	773,770	658,707		17
Financial Liabilities at Amortised Cost
Due to Depositors	372,201,312	349,533,404		6
Repurchase Agreements	10,030,998	7,064,447		42
Due to Other Borrowers	7,391,536	18,613,640	(60)
Debt Securities Issued	9,028,253	8,686,333		4
Retirement Benefit Obligations	1,406,555	1,242,223		13
Current Tax Liabilities	6,175,387	5,618,515		10
Other Liabilities	13,804,438	16,120,684		(14)
Total Liabilities	448,191,499	457,219,616		(2)
EQUITY
Stated Capital	12,106,272	11,426,882		6
Statutory Reserve Fund	2,783,805	2,783,805	-	-
Retained Earnings	50,229,407	39,879,971		26
OCI Reserve	3,741,939	3,908,263		(4)
Revaluation Reserve	946,133	946,133	-	-
Total Shareholders' Equity	69,807,556	58,945,054		18
Total Equity and Liabilities	517,999,055	516,164,670		0
Contingent Liabilities and Commitments	386,960,222	316,741,904		22
Memorandum Information
Number of Employees	2,459	2,460
Number of Branches	95	96
Number of Off-Site ATMs & CRMs	22	37

	Group
30.09.2024	31.12.2023	Change
LKR '000	LKR '000	%
	(Audited)
24,857,921	40,179,823	(38)
1,153,760	2,683,927		(57)
221,965	1,502,215	(85)
47,453	3,660	1,197
2,977,271	10,934,069		(73)
92,273,192	79,922,903		15
88,501,482	97,357,849		(9)
293,541,638	270,944,786		8
4,822,717	3,377,829		43
-	-	-	-
3,631,598	3,500,423		4
1,258,512	1,229,055		2
1,286,065	1,353,909		(5)
3,419,678	3,143,936		9
517,993,252	516,134,384		0
27,379,250	49,681,663	(45)
773,770	658,707		17
	-
372,181,798	347,768,600		7
7,567,981	6,631,325		14
7,367,346	18,500,429	(60)
9,028,253	8,686,333		4
1,411,152	1,250,916		13
6,233,652	5,667,233		10
13,841,724	16,163,041		(14)
445,784,926	455,008,247		(2)
12,106,272	11,426,882		6
2,783,805	2,783,805	-	-
52,192,559	41,623,436		25
3,741,939	3,908,263		(4)
1,383,751	1,383,751	-	-
72,208,326	61,126,137		18
517,993,252	516,134,384		0
386,960,222	316,741,904		22

2,4792,481

CERTIFICATION :

I certify that these financial statements comply with the requirements of the Companies Act No. 07 of 2007.

Sgd.

Ajith Akmeemana

Chief Financial Officer

We, the undersigned being the Chairperson, Director and Director/Chief Executive Officer of Nations Trust Bank PLC certify jointly that:

the above financial statements have been prepared in compliance with the format and definitions prescribed by the Central Bank of Sri Lanka;
the information contained in these financial statements has been extracted from the unaudited financial statements of the Bank and the Group, unless indicated as audited.

Sgd.	Sgd.	Sgd.
Sherin Cader	Rachini Rajapaksa	Hemantha D Gunetilleke
Chairperson	Director	Director/Chief Executive Officer

123 November 2024

Colombo

NATIONS TRUSTBANK PLC

STATEMENTOF CHANGES IN EQUITY

BANK	Stated Capital	Statutory Reserve	Retained Earnings	OCIReserve	Revaluation	Total
	Voting	Non-Voting	Fund			Reserve

	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000
As at 01 January 2023	7,167,872	3,233,560	2,228,472	30,650,134	56	946,133	44,226,227
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	9,158,517	-	-	9,158,517
Other Comprehensive Income	-	-	-	(120,112)	3,864,527	-	3,744,415
Total Comprehensive Income for the Period	-	-	-	9,038,405	3,864,527	-	12,902,932
Transactions with Equity Holders, Recognised Directly in Equity
Dividend paid for 2022	885,820	139,630	-	(1,025,450)	-	-	-
Fractions of shares paid in cash for 2022	-	-	-	(175)	-	-	(175)
Conversion of Non-Voting Shares to Voting Shares	27	(27)	-	-	-	-	-
Withholding tax on dividends - 2022	-	-	-	(180,273)	-	-	(180,273)
As at 30 September 2023	8,053,719	3,373,163	2,228,472	38,482,641	3,864,583	946,133	56,948,711
As at 01 January 2024	8,053,768	3,373,114	2,783,805	39,879,971	3,908,263	946,133	58,945,054
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	11,947,537	-	-	11,947,537
Other Comprehensive Expense	-	-	-	-	(166,324)	-	(166,324)
Total Comprehensive Income for the Period	-	-	-	11,947,537	(166,324)	-	11,781,213
Transactions with Equity Holders, Recognised Directly in Equity
Dividend paid for 2023	587,203	92,187	-	(1,597,817)	-	-	(918,427)
Fractions of shares paid in cash for 2023	-	-	-	(284)	-	-	(284)
Conversion of Non-Voting Shares to Voting Shares	1,038	(1,038)	-	-	-	-	-
As at 30 September 2024	8,642,009	3,464,263	2,783,805	50,229,407	3,741,939	946,133	69,807,556
GROUP	Stated Capital	Statutory Reserve	Retained Earnings	OCIReserve	Revaluation	Total
	Voting	Non-Voting	Fund			Reserve

	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000
As at 01 January 2023	7,167,872	3,233,560	2,228,472	32,026,947	56	1,383,751	46,040,658
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	9,438,371	-	-	9,438,371
Other Comprehensive Income	-	-	-	(120,113)	3,864,527	-	3,744,414
Total Comprehensive Income for the Period	-	-	-	9,318,258	3,864,527	-	13,182,785
Transactions with Equity Holders, Recognised Directly in Equity
Dividend paid for 2022	885,820	139,630	-	(1,025,450)	-	-	-
Fractions of shares paid in cash for 2022	-	-	-	(175)	-	-	(175)
Conversion of Non-Voting Shares to Voting Shares	27	(27)	-	-	-	-	-
Withholding tax on dividends - 2022	-	-	-	(180,273)	-	-	(180,273)
As at 30 September 2023	8,053,719	3,373,163	2,228,472	40,139,307	3,864,583	1,383,751	59,042,995
As at 01 January 2024	8,053,768	3,373,114	2,783,805	41,623,436	3,908,263	1,383,751	61,126,137
Total Comprehensive Income for the Period
Profit for the Period	-	-	-	12,167,224	-	-	12,167,224
Other Comprehensive Expense	-	-	-	-	(166,324)	-	(166,324)
Total Comprehensive Income for the Period	-	-	-	12,167,224	(166,324)	-	12,000,900
Transactions with Equity Holders, Recognised Directly in Equity
Dividend paid for 2023	587,203	92,187	-	(1,597,817)	-	-	(918,427)
Fractions of shares paid in cash for 2023	-	-	-	(284)	-	-	(284)
Conversion of Non-Voting Shares to Voting Shares	1,038	(1,038)	-	-	-	-	-
As at 30 September 2024	8,642,009	3,464,263	2,783,805	52,192,559	3,741,939	1,383,751	72,208,326

NATIONS TRUSTBANK PLC STATEMENTOF CASH FLOWS

Bank

Nine Months ended 30 September

2024	2023
Rs. '000	Rs. '000

Group

Nine Months ended 30 September

2024	2023
Rs. '000	Rs. '000

Cash Flows from Operating Activities
Receipts of Interest Income	44,803,845	59,046,063
Payments of Interest Expense	(22,561,550)	(26,379,856)
Receipts of Fees and Commission Income	6,762,514	6,001,993
Payments of Fees and Commission Expense	(358,137)	(871,461)
Net Trading Income / (Loss)	(1,521,388)	(581,083)
Realised gain on sale of financial assets at FVOCI	(749,805)	257,215
Receipts from Other Operating Income	(337,442)	(3,154,204)
Gratuity Payments Made	(124,189)	(130,481)
Payments for Operating Expenses	(10,835,370)	(8,866,048)
Payments for VAT and SSCL on Financial Services	(4,719,074)	(4,296,027)
Operating Profit before Change in Operating Assets and Liabilities	10,359,404	21,026,111
(Increase)/Decrease in Operating Assets
Balances with Central Bank of Sri Lanka	1,529,440	4,472,434
Reverse Repurchase Agreements	1,279,348	1,500,000
Financial Assets - At Fair Value through Profit or Loss	8,533,855	(1,982,905)
Financial Assets - At Fair Value through Other Comprehensive Income	(9,177,355)	(8,891,117)
Financial Assets - At Amortized Cost - Debt Instruments	9,115,806	(37,704,793)
Financial Assets - At Amortized Cost - Loans & Advances	(27,476,220)	(24,672,534)
Other Assets	(1,514,728)	(848,498)
(Increase)/Decrease in Operating Assets	(17,709,854)	(68,127,413)
Increase/(Decrease) in Operating Liabilities
Repurchase Agreements	2,900,787	32,498,412
Financial Liabilities - At Amortized Cost - Due to Depositors	31,626,585	26,530,243
Money market borrowing	(22,644,467)	(1,172,500)
Other Liabilities	(2,305,160)	1,714,170
Increase/(Decrease) in Operating Liabilities	9,577,745	59,570,325
Net Cash Generated from Operating Activities before Income Tax	2,227,295	12,469,023
Income Tax Paid	(6,314,687)	(5,713,463)
Net Cash (Used in)/from Operating Activities	(4,087,392)	6,755,560
Cash Flows from Investing Activities
Purchase of Property, Plant and Equipment	(314,047)	(184,696)
Purchase of Intangible Assets	(187,024)	(221,596)
Proceeds from Sale of Property, Plant and Equipment and Intangible Assets	338	283
Net Cash (Used in)/from Investing Activities	(500,733)	(406,009)
Cash Flows from Financing Activities
Receipt in Other Borrowed Funds	1,018,598	2,370,766
Repayment of Other Borrowed Funds	(10,490,565)	(10,753,450)
Repayment of Debentures	-	(3,500,000)
Operating Lease Rentals Paid	(529,461)	(492,705)
Interest Paid on Subordinated Debt	(370,754)	(673,817)
Dividends Paid to Equity Holders of the Parent	(918,710)	(180,448)
Net Cash (Used in)/from Financing Activities	(11,290,892)	(13,229,654)
Net Increase/(Decrease) in Cash and Cash Equivalents	(15,879,017)	(6,880,103)
Cash and Cash Equivalents at the Beginning of the Period	39,545,578	56,603,146
Cash and Cash Equivalents at the End of the Period	23,666,561	49,723,043
Reconciliation of Cash and Cash Equivalents
Cash in Hand	11,751,120	9,635,343
Balances with Banks	11,137,509	36,398,870
Money at Call and Short Notice	1,972,380	4,230,410
Deposits from Other Banks	(1,194,448)	(541,580)
	23,666,561	49,723,043

44,805,479

(22,381,894)

6,925,051

(358,137)

(1,521,388)

(749,805)

(337,223)

63,969

(11,069,400)

(4,720,684)

10,655,968

1,529,440

1,279,348

8,533,855

(9,177,355)

9,115,806

(27,476,220)

(1,514,728)

(17,709,854)

870,893

33,371,875

(22,644,467)

(2,310,231)

9,288,070

2,234,184

(6,417,133)

(4,182,949)

(314,049)

(187,024)

339

(500,734)

1,018,598

(10,490,565)

(433,904)

(370,754)

(918,710)

(11,195,335)

(15,879,018)

39,545,581

23,666,563

11,751,122

11,137,509

1,972,380

(1,194,448)

23,666,563

59,046,063

(26,192,964)

6,165,842

(871,461)

(581,083)

257,215

(3,154,204)

(130,481)

(8,913,093)

(4,298,118)

21,327,716

4,472,434

1,500,000

(1,982,905)

(8,891,117)

(37,704,793)

(24,672,534)

(849,525)

(68,128,440)

32,237,109

26,526,225

(1,172,500)

1,705,684

59,296,518

12,495,794

(5,825,188)

6,670,606

(184,821)

(221,596)

283

(406,134)

2,370,766

(10,753,450)

(3,500,000)

(407,509)

(673,817)

(180,448)

(13,144,458)

(6,879,987)

56,603,033

49,723,046

9,635,346

36,398,870

4,230,410

(541,580)

49,723,046

NATIONS TRUSTBANK PLC

ANALYSIS OF LOANS & ADVANCES, COMMITMENTS, CONTINGENCIES AND IMPAIRMENT

(1) Product-wise Gross Loans and Advances	Bank/Group
	30.09.2024	31.12.2023
	LKR'000	LKR '000
		(Audited)
Domestic Currency
Bills of Exchange	-	3,469
Trade Finance	67,417,778	67,997,103
Overdrafts	43,076,757	42,268,596
Term Loans	86,030,908	79,874,154
Staff Loans	3,787,929	3,477,105
Leases	23,682,003	23,943,559
Credit Cards	23,535,075	26,146,932
Pawning	1,425	1,741
Other Advances	262,917	262,917
	247,794,792	243,975,576
Foreign Currency
Trade Finance	36,393,914	21,402,361
Overdrafts	3,050,397	3,307,939
Term Loans	26,993,769	23,889,096
	66,438,080	48,599,396
Total	314,232,872	292,574,972
(2) Product-wise Commitments and Contingencies	Bank/Group
	30.09.2024	31.12.2023
	LKR'000	LKR '000
		(Audited)
Domestic Currency
Guarantees	387,741	708,684
Bonds	20,039,449	20,090,599
Acceptances	3,322,818	3,212,038
Letters of Credit	7,073,130	5,140,942
Forward Contracts to buy/sell -Fixed Income Securities	2,628,558	11,951,589
Undrawn Credit Lines	206,850,544	156,551,907
	240,302,240	197,655,759
Foreign Currency
Guarantees	346,861	197,234
Bonds	1,127,118	2,527,122
Acceptances	1,788,297	972,767
Letters of Credit	1,786,814	692,346
Forward Exchange Contracts	120,872,471	88,647,390
Undrawn Credit Lines	20,736,421	26,049,286
	146,657,982	119,086,145
Total	386,960,222	316,741,904
(3) Stage-wise Impairment on Loans & Advances, Commitments and	Bank/Group
Contingencies	30.09.2024	31.12.2023
	LKR'000	LKR '000
		(Audited)
Gross Loans and Advances, Commitments and Contingencies	701,193,094	609,316,876
(Less): Accumulated impairment under; (Note 3.1)
Stage 1	(4,354,369)	(3,806,061)
Stage 2	(5,389,258)	(6,124,932)
Stage 3	(11,623,318)	(12,179,282)
Net Value of Loans and Advances, Commitments and Contingencies	679,826,149	587,206,601

(3.1) Movement in impairment during the period*

Bank/Group

Stage 1

Opening balance as at 01 January Charge/(Write back) to income statement Effect on Change in Exchange rates Closing balance

Stage 2

Opening balance as at 01 January Charge/(Write back) to income statement Effect on Change in Exchange rates Closing balance

Stage 3

Opening balance as at 01 January Charge/(Write back) to income statement Write-off during the period

Closing balance

20242023

LKR'000 LKR '000 (Audited)

3,806,061 2,440,147

567,497 1,373,590

(19,189)(7,676)

4,354,369 3,806,061

6,124,932 6,983,159

(682,816) (795,995)

(52,858) (62,232)

5,389,258 6,124,932

12,179,282 10,377,706

567,722 5,398,226

(1,123,686) (3,596,650)

11,623,318 12,179,282

* 2024 reflects the figures for 9 months ended 30.09.2024 and 2023 reflects the figures for 12 months ended 31.12.2023.

NATIONS TRUST BANK PLC

ANALYSIS OF DEPOSITS

Due to Depositors - By Product

	Bank		Group
	30.09.2024	31.12.2023	30.09.2024	31.12.2023
	LKR'000	LKR '000	LKR'000	LKR '000
		(Audited)		(Audited)
Domestic Currency
Demand Deposits	29,480,810	28,202,496	29,461,296	28,198,206
Savings Deposits	60,391,260	54,636,158	60,391,260	54,636,158
Time Deposits	162,514,478	149,180,435	162,514,478	147,419,921
	252,386,548	232,019,089	252,367,034	230,254,285
Foreign Currency
Demand Deposits	5,378,383	6,465,710	5,378,383	6,465,710
Savings Deposits	19,863,468	19,297,722	19,863,468	19,297,722
Time Deposits	94,572,913	91,750,883	94,572,913	91,750,883
	119,814,764	117,514,315	119,814,764	117,514,315
Total	372,201,312	349,533,404	372,181,798	347,768,600

Financial Liabilities Due to banks Repurchase agreements

NATIONS TRUSTBANK PLC

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value of Financial Instruments

Fair Values of Financial Instruments are determined according to the following hierarchy as described below: Level 1 - quoted market price (unadjusted): financial instruments with quoted prices in active markets

Level 2 - valuation techniques using observable inputs: financial instruments with quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in inactive markets. financial instruments are valued using models where all significant inputs are observable.

Level 3 - valuation techniques with significant unobservable inputs: this category includes all instruments valued using valuation techniques where one or more significant inputs are unobservable.

There were no material changes in the fair value of financial assets categorised under Level 3 compared to the values reported as at 31 December 2023. The Group has not changed the valuation models and assumptions used to measure the fair values of Level 03 financial instruments during the period ended 30 September 2024.

Financial Instruments Carried at Fair Value
Bank/Group			As at 30.09.2024				As at 31.12.2023 (Audited)
		Level 1	Level 2	Level 3	Total		Level 1	Level 2	Level 3	Total
		LKR '000	LKR '000	LKR '000	LKR '000		LKR '000	LKR '000	LKR '000	LKR '000
Financial Assets Measured at Fair Value
Derivative Financial Instruments		-	47,453	-	47,453		-	3,660	-	3,660
Financial Assets at Fair Value through Profit or Loss		2,579,994	397,277	-	2,977,271		2,809,736	8,124,333	-	10,934,069
Financial Assets at Fair Value through Other Comprehensive Income	59,603,444	32,502,780	166,968	92,273,192		64,720,703	15,177,671	24,529	79,922,903
		62,183,438	32,947,510	166,968	95,297,916		67,530,439	23,305,664	24,529	90,860,632
Financial Liabilities
Derivative Financial Instruments		-	773,770	-	773,770		-	658,707	-	658,707
		-	773,770	-	773,770		-	658,707	-	658,707
Fair Value of Financial Instruments Carried at Amortised Cost
Bank		As at 30.09.2024				As at 31.12.2023 (Audited)
	Amortised Cost	Level 1	Level 2	Level 3	Total Fair	Amortised	Level 1	Level 2	Level 3	Total Fair
					Value	Cost				Value
	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000
Financial Assets
Debt Instruments	88,501,482	31,168,621	69,636,042	-	100,804,663	97,357,849	39,459,011	67,973,263	-	107,432,274
Loans and Advances to Customers- Gross	314,232,872	-	315,738,263	-	315,738,263	292,574,972		291,467,645	-	291,467,645
	402,734,354	31,168,621	385,374,305	-	416,542,926	389,932,821	39,459,011	359,440,908	-	398,899,919
Financial Liabilities
Due to Customers	372,201,312	-	373,752,473	-	373,752,473	349,533,404	-	348,296,525	-	348,296,525
Due to Other Borrowers	7,391,536	-	7,391,536	-	7,391,536	18,613,640	-	18,605,408	-	18,605,408
Debt Securities Issued	9,028,253	-	9,354,550	-	9,354,550	8,686,333	-	8,155,431	-	8,155,431
	388,621,101	-	390,498,559	-	390,498,559	376,833,377	-	375,057,364	-	375,057,364
Group		As at 30.09.2024				As at 31.12.2023 (Audited)
	Amortised Cost	Level 1	Level 2	Level 3	Total Fair	Amortised	Level 1	Level 2	Level 3	Total Fair
					Value	Cost				Value
	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000	LKR '000
Financial Assets
Debt Instruments	88,501,482	31,168,621	69,636,042	-	100,804,663	97,357,849	39,459,011	67,973,263	-	107,432,274
Loans and Advances to Customers- Gross	314,232,872	-	315,738,263	-	315,738,263	292,574,972	-	291,467,645	-	291,467,645
	402,734,354	31,168,621	385,374,305	-	416,542,926	389,932,821	39,459,011	359,440,908	-	398,899,919
Financial Liabilities
Due to Customers	372,181,798	-	373,732,959	-	373,732,959	347,768,600	-	346,531,722	-	346,531,722
Due to Other Borrowers	7,367,346	-	7,391,536	-	7,391,536	18,500,429	-	18,489,124	-	18,489,124
Debt Securities Issued	9,028,253	-	9,354,550	-	9,354,550	8,686,333	-	8,155,431	-	8,155,431
	388,577,397	-	390,479,045	-	390,479,045	374,955,362	-	373,176,277	-	373,176,277

Assets and Liabilities where fair value approximates carrying value

For below listed financial assets and liabilities with short-term maturities or with short-term re-pricing intervals, it is assumed that the carrying amounts approximate to their fair value.

Financial Assets

Cash and Cash equivalents

Balances with Central Bank of Sri Lanka

Reverse Repurchase Agreements

Sri Lanka International Sovereign Bonds, net of impairment

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