TRUST IN BETTER.
Interim Financial StatementsFor the six months ended 30 June 2025 Company Registration Number: PQ 118
Nations Trust Bank PLC delivers 26% Loan growth in 1H 2025 supporting economic revival
LKR74Bn Loan Growth, up 26% YoY
Profit After Tax of LKR 9Bn. up 10% YoY
Net Stage 3 Ratio of 1.24%
Totat Cap/fat Adequacy Ratio of 18.24%,
Peturn on Equity2y.25%
12th August 2025, Colombo: Nations Trust Bank PLC reported strong results for the six months ending 3Oth June 2025, achieving a Profit After Tax (PAT) of LKR 9Bn, reflecting a healthy 10% year-on-year growth.
Nations Trust Bank, Director & Chief Executive Officer, Hemantha D GunetiLLeke, stated, "The Bank's performance in 1H 2025 highlights our commitment to economic growth and credit expansion across customer segments. Loans to our customers grew by LKR74Bn, a 26% increase in the first 6 months, highlighting the bank's contribution to supporting business growth and economic revival. Our soLid capital position, strong Liquidity buffers and steadfast commitment to service exceLLence and digital empowerment remain as our key drivers of financial performance"
The Bank's profitability was further supported by a Net Interest Margin (NIM) of 6.37%, reflecting efficient asset-Liability management and prudent pricing strategies. The Bank reported a Return on Equity (ROE) of 21.25%, whiLe its Earnings Per Share for the six months ending 3oth June 2025 increased to LKR 26.59, against LKR 24.27 recorded during the same period Last year.
Asset quality remained sound, with the Net Stage 3 Ratio contained at 1.24%, underscoring effective credit risk management.
Capital strength continued to be the foundation of our growth readiness, with Tier I Capital at 17.12% and a Total Capital Adequacy Ratio of 18.24%, weLL above the regulatory requirements of 8.5% and 12.5%, respectively.
With strong financial fundamentals, consistent growth, and a focus on innovation, Nations Trust Bank remains committed to delivering on its promise of 'Trust in Better' while delivering better experience to its customers.
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 continues to focus on digital empowerment through cutting- edge digital banking technologies and platforms. Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka with market Leadership in the premium segments.
NATIONS TRUST BANK PLC INCOME STATEMENT
Bank | Group | ||||
Six Months Ended 30 Jun | e | Quarter ended 30 June | Six Months Ended 30 June | Quarter ended 30 June |
2025 LKR '000 | 2024 LKR '000 | Change (%) | 2025 LKR '000 | 2024 LKR '000 | Change (%) | 2025 LKR '000 | 2024 LKR '000 | Change (%) | 2025 LKR '000 | 2024 LKR '000 | Change (%) | ||||||||||||||
Gross Income | 40,877,846 | 39,187,892 | 4 | 21,255,400 | 19,413,339 | 9 | 40,997,482 | 39,306,484 | 4 | 21,317,846 | 19,479,623 | 9 | |||||||||||||
Interest Income | 33,657,384 | 32,617,758 | 3 | 17,496,970 | 15,738,868 | 11 | 33,657,834 | 32,619,063 | 3 | 17,497,174 | 15,740,173 | 11 | |||||||||||||
Less: Interest Expense | (14,770,618) | (14,691,104) | (1) | (7,814,910) | (6,836,546) | (14) | (14,621,459) | (14,564,201) | (0) | (7,741,003) | (6,777,383) | (14) | |||||||||||||
Net Interest Income | 18,886,766 | 17,926,654 | 5 | 9,682,060 | 8,902,322 | 9 | 19,036,375 | 18,054,862 | 5 | 9,756,171 | 8,962,790 | 9 | |||||||||||||
Fee and Commission Income | 4,810,429 | 4,496,084 | 7 | 2,393,501 | 2,313,039 | 3 | 4,929,615 | 4,613,371 | 7 | 2,455,743 | 2,378,018 | 3 | |||||||||||||
Less: Fee and Commission Expense | (833,240) | (684,208) | (22) | (406,260) | (346,646) | (17) | (833,240) | (684,208) | (22) | (406,260) | (346,646) | (17) | |||||||||||||
Net Fee and Commission Income | 3,977,189 | 3,811,876 | 4 | 1,987,241 | 1,966,393 | 1 | 4,096,375 | 3,929,163 | 4 | 2,049,483 | 2,031,372 | 1 | |||||||||||||
Net Gains/(Losses) from Trading Net Fair Value Gains/(Losses) on Financial Assets at Fair | 2,053,018 | (2,026,427) | 201 | 1,154,845 | 1,332,262 | (13) | 2,053,018 | (2,026,427) | 201 | 1,154,845 | 1,332,262 | (13) | |||||||||||||
Value through Profit or Loss Net Fair Value Gains/(Losses) on Financial Liabilities at Fair | (518,993) | (183,565) | (183) | (68,813) | (345,365) | 80 | (518,993) | (183,565) | (183) | (68,813) | (345,365) | 80 | |||||||||||||
Value through Profit or Loss Net Gains/(Losses) on Derecognition of Financial Assets at | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
Fair Value through Profit or Loss | 1,358,992 | 1,443,827 | (6) | 682,698 | 881,770 | (23) | 1,358,992 | 1,443,827 | (6) | 682,698 | 881,770 | (23) | |||||||||||||
Net Gains/(Losses) on Derecognition of Financial Assets at | |||||||||||||||||||||||||
Fair Value through Other Comprehensive Income | 537,187 | (142,456) | 477 | 355,217 | - | 100 | 537,187 | (142,456) | 477 | 355,217 | - | 100 | |||||||||||||
Net Gains/(Losses) on Derecognition of Financial Assets at | |||||||||||||||||||||||||
Amortised cost | - | - | - | - | - | - | - | - | - | - | - | - | |||||||||||||
Net Other Operating Income/(Loss) | (1,020,171) | 2,982,671 | (134) | (759,018) | (507,235) | (50) | (1,020,171) | 2,982,671 | (134) | (759,018) | (507,235) | (50) | |||||||||||||
Total Operating Income | 25,273,988 | 23,812,580 | 6 | 13,034,230 | 12,230,147 | 7 | 25,542,783 | 24,058,075 | 6 | 13,170,583 | 12,355,594 | 7 | |||||||||||||
Impairment Charges/(Reversals) | 589,536 | 978,294 | 40 | 144,015 | 419,951 | 66 | 589,536 | 978,294 | 40 | 144,015 | 419,951 | 66 | |||||||||||||
Net Operating Income | 24,684,452 | 22,834,286 | 8 | 12,890,215 | 11,810,196 | 9 | 24,953,247 | 23,079,781 | 8 | 13,026,568 | 11,935,643 | 9 | |||||||||||||
Less: Operating Expenses | |||||||||||||||||||||||||
Personnel Expenses | 4,318,188 | 3,933,731 | (10) | 2,146,528 | 1,997,622 | (7) | 4,336,851 | 3,950,164 | (10) | 2,155,532 | 2,006,627 | (7) | |||||||||||||
Depreciation of Property, Plant and Equipment | 108,649 | 97,147 | (12) | 54,206 | 48,417 | (12) | 136,527 | 119,015 | (15) | 68,144 | 59,350 | (15) | |||||||||||||
Depreciation of Right of Use (ROU) Assets | 293,367 | 241,293 | (22) | 147,879 | 120,463 | (23) | 205,418 | 196,030 | (5) | 103,883 | 97,831 | (6) | |||||||||||||
Amortisation of Intangible Assets | 151,711 | 173,570 | 13 | 77,360 | 86,885 | 11 | 151,781 | 173,632 | 13 | 77,394 | 86,916 | 11 | |||||||||||||
Other Operating Expenses | 2,847,313 | 2,880,574 | 1 | 1,349,179 | 1,416,875 | 5 | 2,865,572 | 2,890,927 | 1 | 1,361,788 | 1,421,994 | 4 | |||||||||||||
Total Operating Expenses | 7,719,228 | 7,326,315 | (5) | 3,775,152 | 3,670,262 | (3) | 7,696,149 | 7,329,768 | (5) | 3,766,741 | 3,672,718 | (3) |
Operating profit/(loss) before taxes on financial services | 16,965,224 | 15,507,971 | 9 | 9,115,063 | 8,139,934 | 12 | 17,257,098 | 15,750,013 | 10 | 9,259,827 | 8,262,925 | 12 | ||||||||||||
Less: Value Added Tax (VAT) on financial services Less: Social Security Contribution Levy (SSCL) on financial | 3,143,504 | 2,886,314 | (9) | 1,662,630 | 1,504,937 | (10) | 3,144,481 | 2,887,388 | (9) | 1,663,121 | 1,505,446 | (10) | ||||||||||||
services | 442,132 | 405,547 | (9) | 233,775 | 211,266 | (11) | 442,132 | 405,547 | (9) | 233,775 | 211,266 | (11) | ||||||||||||
Operating profit/(loss) after taxes on financial services | ||||||||||||||||||||||||
Share of profits of associates and joint ventures | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
Profit / (loss) before Income Tax | 13,379,588 | 12,216,110 | 10 | 7,218,658 | 6,423,731 | 12 | 13,670,485 | 12,457,078 | 10 | 7,362,931 | 6,546,213 | 12 | ||||||||||||
Less: Income Tax Expense | 4,789,137 | 4,347,761 | (10) | 2,610,103 | 2,253,437 | (16) | 4,877,786 | 4,431,266 | (10) | 2,655,169 | 2,296,485 | (16) | ||||||||||||
Profit / (loss) for the Period | 8,590,451 | 7,868,349 | 9 | 4,608,555 | 4,170,294 | 11 | 8,792,699 | 8,025,812 | 10 | 4,707,762 | 4,249,728 | 11 | ||||||||||||
Profit Attributable to: | ||||||||||||||||||||||||
Equity Holders of the Bank | 8,590,451 | 7,868,349 | 9 | 4,608,555 | 4,170,294 | 11 | 8,792,699 | 8,025,812 | 10 | 4,707,762 | 4,249,728 | 11 | ||||||||||||
Non-Controlling Interest | - | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||
Earnings per share on profit | ||||||||||||||||||||||||
Basic Earning Per Share (LKR) | 25.98 | 23.80 | 9 | 13.94 | 12.61 | 11 | 26.59 | 24.27 | 10 | 14.24 | 12.85 | 11 | ||||||||||||
Diluted earnings per ordinary share (LKR) | 25.98 | 23.80 | 9 | 13.94 | 12.61 | 11 | 26.59 | 24.27 | 10 | 14.24 | 12.85 | 11 |
NATIONS TRUST BANK PLC
STATEMENT OF COMPREHENSIVE INCOME
Six Months Ended 30 June
Bank
Quarter ended 30 June
Six Months Ended 30 June
Group
Quarter ended 30 June
2025
LKR '000
2024 Change
LKR '000 (%)
2025
LKR '000
2024 Change
LKR '000 (%)
2025
LKR '000
2024 Change
LKR '000 (%)
2025
LKR '000
2024 Change
LKR '000 (%)
Profit for the Period
8,590,451
9 4,608,555
4,170,294 11
8,792,699
8,025,812 10
4,707,762
4,249,728 11
7,868,349
Other Comprehensive Income/(Expense) that will be Reclassified to Profit or Loss in Subsequent Periods;
Exchange differences on translation of foreign operations Net gains/(losses) on cash flow hedges
Share of profits of associates and joint ventures
Net gains/(losses) on investments in debt instruments measured at fair value through other comprehensive income
Less: Tax (Expenses) / Reversal relating to items that will be reclassified to income statement
-
-
-1,742,798
(522,839)
1,219,959
- -
- -
- -
1,151,501 51
(345,450) (51)
806,051 51
-
-
-1,429,538
(428,862)
1,000,676
- -
- -
- -
(314,150) 555
94,245 (555)
(219,905) 555
-
-
-1,742,798
(522,839)
1,219,959
- -
- -
- -
1,151,501 51
(345,450) (51)
806,051 51
-
-
-1,429,538
(428,862)
1,000,676
- -
- -
- -
(314,150) 555
94,245 (555)
(219,905) 555
Other Comprehensive Income/(Expense) that will not be Reclassified to Profit or Loss in Subsequent Periods:
Change in fair value on investments in equity instruments designated at fair value through other comprehensive income
Change in fair value attributable to change in the Bank's own credit risk on financial liabilities designated at fair value through profit or loss
Re-measurement of Post Employment Benefit Obligations Changes in revaluation surplus
Share of profits of associates and joint ventures
Less: Tax Expenses Related to the items that will not be reclassified to income statement
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other Comprehensive Income for the Period, Net of Tax
Total Comprehensive Income for the Period, Net of Tax
Attributable to:
Equity Holders of the Bank Non-Controlling Interest
1,219,959 | 806,051 | 51 | 1,000,676 | (219,905) | 555 | 1,219,959 | 806,051 | 51 | 1,000,676 | (219,905) | 555 | ||
9,810,410 | 8,674,400 | 13 | 5,609,231 | 3,950,389 | 42 | 10,012,658 | 8,831,863 | 13 | 5,708,438 | 4,029,823 | 42 | ||
9,810,410 | 8,674,400 | 13 | 5,609,231 | 3,950,389 | 42 | 10,012,658 | 8,831,863 | 13 | 5,708,438 | 4,029,823 | 42 |
- - - -
- - - -
NATIONS TRUST BANK PLC STATEMENT OF FINANCIAL POSITION
Change
%
Bank Group
As at
ASSETS
30.06.2025
LKR '000
31.12.2024
LKR '000
(Audited)
30.06.2025
LKR '000
31.12.2024
Change
%
LKR '000
(Audited)
Cash and Cash Equivalents
Balances with Central Bank of Sri Lanka Placements with banks
Reverse Repurchase Agreements
Derivative Financial Instruments
Financial Assets Recognised through Profit or Loss - Measured at Fair Value Financial Assets Recognised through Profit or Loss - Designated at Fair Value Financial Assets at Fair Value through Other Comprehensive Income Financial Assets at Amortised Cost - Debt Instruments
Financial Assets at Amortised Cost - Loans and Advances Other Assets
Investments in Subsidiaries
Investments in associates and joint ventures Property, Plant G Equipment
Investment properties Right of Use (ROU) Assets
Goodwill G Intangible Assets
Deferred Tax Assets Total Assets
21,928,757
1,097,532
2,172,599
478,491
456,664
22,587,988
-137,090,828
89,341,661
361,351,048
2,746,982
678,710
-3,683,014
-2,347,081
1,311,055
808,765
648,081,175
20,814,294 5
1,183,473 (7)
2,472,925 (12)
2,389,147 (80)
224,298 104
17,194,759 31
- -
107,014,877 28
96,796,064 (8)
287,362,553 26
2,484,475 11
678,710 -
- -
3,018,207 22
- -
1,284,457 83
1,408,451 (7)
1,114,316 (27)
545,441,006 19
21,928,760
1,097,532
2,172,599
478,491
456,664
22,587,988
-137,090,828
89,341,661
361,351,048
2,763,481
-
-4,720,123
-1,807,369
1,311,462
559,260
647,667,266
20,814,297 5
1,183,473 (7)
2,472,925 (12)
2,389,147 (80)
224,298 104
17,194,759 31
- -
107,014,877 28
96,796,064 (8)
287,362,553 26
2,493,084 11
- -
- -
4,083,195 16
- -
1,284,746 41
1,408,927 (7)
863,450 (35)
545,585,795 19
LIABILITIES
Due to Banks
Derivative Financial Instruments
Financial Liabilities Recognised through Profit or Loss - Measured at Fair Value Financial Liabilities Recognised through Profit or Loss - Designated at Fair Value Financial Liabilities at Amortised Cost
Due to Depositors
Due to debt securities holders - Repurchase Agreements Due to Other Borrowers
Debt Securities Issued Retirement Benefit Obligations Current Tax Liabilities
Due to subsidiaries Other Liabilities Total Liabilities
48,437,801
53,604
-
-
447,404,818
28,599,266
10,271,459
6,256,966
1,593,985
6,875,056
-13,110,442
562,603,397
27,403,357 77
372,084 (86)
- -
- -
384,784,916 16
21,985,170 30
9,111,275 13
5,979,693 5
1,457,883 9
4,590,390 50
- -
12,869,931 2
468,554,699 20
48,437,801
53,604
-
-
447,162,107
26,061,465
9,718,504
6,256,966
1,606,478
6,945,781
-13,153,766
559,396,472
27,403,357 77
372,084 (86)
- -
- -
384,655,365 16
19,528,900 33
9,118,377 7
5,979,693 5
1,469,319 9
4,640,244 50
- -
12,941,381 2
466,108,720 20
EQUITY
Stated Capital Statutory Reserve Fund Retained Earnings
OCI Reserve Revaluation Reserve
Total Shareholders' Equity Non-controlling interests
Total Equity and Liabilities
Contingent Liabilities and Commitments Memorandum Information
Number of Employees Number of Branches
Number of Off-Site ATMs and CRMs
13,007,641
3,610,418
60,377,299
7,421,680
1,060,740
85,477,778
-648,081,175
432,394,534
2,493
92
23
12,106,272 7
3,610,418 -
53,907,156 12
6,201,721 20
1,060,740 -
76,886,307 11
- -
545,441,006 19
405,421,234 7
2,455
95
22
13,007,641
3,610,418
62,588,922
7,421,680
1,642,133
88,270,794
-647,667,266
432,394,534
2,513
92
23
12,106,272 7
3,610,418 -
55,916,531 12
6,201,721 20
1,642,133 -
79,477,075 11
- -
545,585,795 19
405,421,234 7
2,473
95
22
CERTIFICATION :
Note: Amounts stated are net of impairment and depreciation.
I certify that these financial statements comply with the requirements of the Companies Act No. 07 of 2007. Sgd.
Kushlani Allis
Chief Financial Officer
We, the undersigned being the Chairperson, Director and Executive 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.
Sherin Cader
Sgd. Sgd.
Coralie Pietersz Hemantha D Gunetilleke
Chairperson
Director
Executive Director/Chief Executive Officer
12 August 2025 Colombo
NATIONS TRUST BANK PLC STATEMENT OF CHANGES IN EQUITY
BANK
Stated Capital
Voting Non-Voting
LKR '000 LKR '000
Statutory Reserve Fund
LKR '000
Retained Earnings
OCI Reserve
LKR '000
LKR '000
Revaluation Reserve
LKR '000
Total
LKR '000
8,053,768
3,373,114
2,783,805
39,879,971
3,908,263
946,133
58,945,054
As at 01 January 2024
Total Comprehensive Income for the Period
Profit/(loss) for the year (net of tax) - - - 7,868,349 - - 7,868,349
Other Comprehensive Income (net of tax) - - - - 806,051 - 806,051
Total Comprehensive Income for the Period
- - - 7,868,349 806,051 - 8,674,400
Transactions with Equity Holders, Recognised Directly in Equity
Share issue/increase of assigned capital - - - - - - -
Share options exercised - - - - - - -
Bonus issue - - - - - - -
Rights issue - - - - - - -
Profit transferred to head office - - - - - - -Gain/(loss) on revaluation of Property, Plant and
Equipment (if cost method is adopted) - - - - - - -
Dividend paid for 2023 587,210 92,188 - (1,597,825) - - (918,427)
Fractions of shares paid in cash for 2023 - - - (283) - - (283) Conversion of Non-Voting Shares to Voting Shares 1,034 (1,034) - - - - -Transfers to the Statutory Reserve Fund - - - - - - -
As at 30 June 2024 8,642,012 3,464,268 2,783,805 46,150,212 4,714,314 946,133 66,700,744
8,642,024
3,464,256
3,610,418
53,907,148
6,201,721
1,060,740
76,886,307
As at 01 January 2025
Total Comprehensive Income for the Period
Profit for the Period - - - 8,590,451 - - 8,590,451
Other Comprehensive Income - - - - 1,219,959 - 1,219,959 Total Comprehensive Income for the Period - - - 8,590,451 1,219,959 - 9,810,410
Transactions with Equity Holders, Recognised Directly in Equity
Share issue/increase of assigned capital - - - - - - -
Share options exercised - - - - - - -
Bonus issue - - - - - - -
Rights issue - - - - - - -
Profit transferred to head office - - - - - - -Gain/(loss) on revaluation of Property, Plant and
Equipment (if cost method is adopted) - - - - - - -
Dividend paid for 2024 779,127 122,234 - (2,119,699) - - (1,218,338)
Fractions of shares paid in cash for 2024 - - - (601) - - (601) Conversion of Non-Voting Shares to Voting Shares - - - - - - -Transfers to the Statutory Reserve Fund - - - - - - -
GROUP
Statutory Reserve Fund
LKR '000
Revaluation Reserve
LKR '000
Total
Stated Capital
Retained Earnings
OCI Reserve
As at 30 June 2025 9,421,151 3,586,490 3,610,418 60,377,299 7,421,680 1,060,740 85,477,778
Voting LKR '000
Non-Voting LKR '000
LKR '000
LKR '000
LKR '000
8,053,768
3,373,114
2,783,805
41,623,436
3,908,263
1,383,751
61,126,137
As at 01 January 2024
Total Comprehensive Income for the Period
Profit for the Period - - - 8,025,812 - - 8,025,812
Other Comprehensive Income - - - - 806,051 - 806,051 Total Comprehensive Income for the Period - - - 8,025,812 806,051 - 8,831,863
Transactions with Equity Holders, Recognised Directly in Equity
Share issue/increase of assigned capital - - - - - - -
Share options exercised - - - - - - -
Bonus issue - - - - - - -
Rights issue - - - - - - -
Profit transferred to head office - - - - - - -Gain/(loss) on revaluation of Property, Plant and
Equipment (if cost method is adopted) - - - - - - -
Dividend paid for 2023 587,210 92,188 - (1,597,825) - - (918,427)
Fractions of shares paid in cash for 2023 - - - (283) - - (283) Conversion of Non-Voting Shares to Voting Shares 1,034 (1,034) - - - - -Transfers to the Statutory Reserve Fund - - - - - - -
As at 30 June 2024 8,642,012 3,464,268 2,783,805 48,051,140 4,714,314 1,383,751 69,039,290
8,642,024
3,464,256
3,610,418
55,916,523
6,201,721
1,642,133
79,477,075
As at 01 January 2025
Total Comprehensive Income for the Period
Profit for the Period - - - 8,792,699 - - 8,792,699
Other Comprehensive Income - - - - 1,219,959 - 1,219,959
Total Comprehensive Income for the Period - - - 8,792,699 1,219,959 - 10,012,658
Transactions with Equity Holders, Recognised Directly in Equity
Share issue/increase of assigned capital - - - - - - -
Share options exercised - - - - - - -
Bonus issue - - - - - - -
Rights issue - - - - - - -
Profit transferred to head office - - - - - - -Gain/(loss) on revaluation of Property, Plant and
Equipment (if cost method is adopted) - - - - - - -
Dividend paid for 2024 779,127 122,234 - (2,119,699) - - (1,218,338)
Fractions of shares paid in cash for 2024 - - - (601) - - (601) Conversion of Non-Voting Shares to Voting Shares - - - - - - -Transfers to the Statutory Reserve Fund - - - - - - -
As at 30 June 2025 9,421,151 3,586,490 3,610,418 62,588,922 7,421,680 1,642,133 88,270,794
NATIONS TRUST BANK PLC
STATEMENT OF CASH FLOWS
Bank Group
Six Months Ended 30 June Six Months Ended 30 June
2025
LKR '000
2024
LKR '000
2024
2025
LKR '000
LKR '000
Cash Flows from Operating Activities Interest receipts
Interest payments
Net commission receipts Trading income/(expense) Gratuity Payments
Payments for VAT and SSCL on Financial Services
Operating profit before change in operating assets & liabilities
29,497,904
(11,327,726)
4,120,944
1,502,172
(69,592)
(3,659,213)
(8,061,544)
12,002,945
29,310,689
(15,490,855)
4,232,008
(1,266,403)
(55,909)
(3,064,777)
(5,604,965)
8,059,788
29,311,994
(15,363,952)
4,349,296
(1,266,403)
(60,251)
(3,065,844)
(5,631,574)
8,273,266
29,498,355
(11,178,567)
4,240,130
1,502,172
(69,594)
(3,663,747)
(8,033,855)
12,294,894
(Increase)/Decrease in Operating Assets Balances with Central Bank of Sri Lanka Placements with Banks
Reverse Repurchase Agreements
Financial Assets - At Amortised Cost - Debt Instruments Financial Assets - At Amortised Cost - Loans & Advances Other Assets
(Increase)/Decrease in Operating Assets
85,941
297,998
1,903,572
8,223,320
(72,947,616)
(191,074)
(62,627,859)
352,965
(410,483)
1,500,000
6,810,196
(8,088,628)
90,849
254,899
352,965
(410,483)
1,500,000
6,810,196
(8,088,628)
90,849
254,899
57,016,474
6,519,126
14,887,205
1,312,026
79,734,831
85,941
297,998
1,903,572
8,223,320
(72,947,616)
(191,074)
(62,627,859)
Increase/(Decrease) in Operating Liabilities
Financial Liabilities - At Amortised Cost - Due to Depositors
Financial Liabilities - At Amortised Cost - Due to Debt Securities holders Financial Liabilities - At Amortised Cost - Due to other borrowers
Other Liabilities
Increase/(Decrease) in Operating Liabilities
Net Cash Generated from / Used in Operating Activities before Income Tax
Income Tax Paid
Net Cash (Used in)/from Operating Activities
Cash Flows from Investing Activities Purchase of Property, Plant and Equipment
Proceeds from Sale of Property, Plant and Equipment
Net Purchase and proceeds from sale and on maturities of financial investments
Net purchase of intangible assets
Net cash flow from acquisition of investment in subsidiaries, joint ventures and associates
Net cash flow from disposal of subsidiaries, associates and joint ventures Dividends received from investment in subsidiaries and associates
Net Cash (Used in)/from Investing Activities
Cash Flows from Financing Activities
Net proceeds from the issue of ordinary share capital Net proceeds from the issue of other equity instruments Net proceeds from the issue of subordinated debt Repayment of Subordinated Debt
Interest Paid on Subordinated Debt Dividend paid to non-controlling interest
Dividend paid to shareholders of the parent company Dividend paid to holders of other equity instruments Net proceeds from the Other debt
Repayment of Other Debt
Operating Lease Rentals Paid
Net Cash (Used in)/from Financing Activities
57,129,634
6,600,657
14,887,205
1,340,143
79,957,639
29,332,725
(2,721,758)
26,610,967
(759,472)
1,839
(29,150,945)
(79,475)
-
-
-(29,988,053)
-
-
-
-(21,832)
-(1,218,939)
-490,890
(403,059)
(440,324)
(1,593,264)
7,171,894
10,816,538
(31,899,217)
(1,845,469)
(15,756,254)
(7,441,567)
(4,024,847)
(11,466,414)
(84,226)
338
1,386,631
(194,575)
-
-
-1,108,168
-
-
-
-(24,212)
-(918,710)
-1,018,598
(4,655,518)
(347,682)
(4,927,524)
8,931,803
8,849,165
(31,899,217)
(1,847,526)
(15,965,775)
29,401,866
(2,790,899)
26,610,967
(7,437,610)
(4,092,509)
(11,530,119)
(759,472)
1,839
(29,150,945)
(79,475)
-
-
-(29,988,053)
(84,226)
340
1,386,631
(194,575)
-
-
-1,108,170
-
-
-
-(24,212)
-(918,710)
-1,018,598
(4,655,518)
(283,979)
(4,863,821)
11,218,557
10,438,453
273,027
(6,389,838)
Net Increase/(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at the Beginning of the Period Exchange difference in respect of cash & cash equivalents Cash and Cash Equivalents at the End of the Period
(4,970,350)
20,299,441
211,105
15,540,196
(15,285,770)
39,545,578
(1,990,016)
22,269,792
(15,285,770)
39,545,581
(1,990,016)
22,269,795
-
-
-
-(21,832)
-(1,218,939)
-490,890
(403,059)
(440,324)
(1,593,264)
(4,970,350)
20,299,444
211,105
15,540,199
Reconciliation of Cash and Cash Equivalents Cash in Hand
Balances with Banks
15,540,199
Money at Call and Short Notice Deposits from Other Banks
11,218,554
10,438,453
273,027
(6,389,838)
15,540,196
9,677,238
7,836,272
5,826,915
(1,070,633)
22,269,792
9,677,241
7,836,272
5,826,915
(1,070,633)
22,269,795
NATIONS TRUST BANK PLC
ANALYSIS OF LOANS & ADVANCES, COMMITMENTS, CONTINGENCIES AND IMPAIRMENT
(1)
Product-wise Gross Loans and Advances
30.06.2025
LKR'000
31.12.2024
LKR '000
(Audited)
By product - Domestic currency
Bills of Exchange
7
14,699
Trade Finance
85,783,502
61,719,106
Overdrafts
45,492,744
43,955,178
Term Loans
99,511,259
87,273,154
Staff Loans
4,115,212
3,818,152
Lease rentals receivable
25,701,386
23,109,775
Credit Cards
25,326,508
24,416,655
Pawning
628
1,184
Other Advances
262,917
262,917
286,194,163
244,570,820
Bank/Group
32,495,570
2,984,909
-
-61,135,067
96,615,546
34,182,315
3,209,756
-
-26,895,898
64,287,969
382,809,709
308,858,789
By product - Foreign currency Trade Finance
Overdrafts Guarantees Bonds Term Loans
Total
(2)
Product-wise Commitments and Contingencies
30.06.2025
LKR'000
31.12.2024
LKR '000
(Audited)
By product - Domestic currency
Guarantees
645,783
582,048
Bonds
21,890,953
20,575,648
Acceptances
3,937,653
3,545,406
Letters of Credit
10,700,795
7,350,830
Forward Contracts to buy/sell -Fixed Income Securities
14,605,592
260,017
Undrawn Credit Lines
203,571,974
210,783,304
255,352,750
243,097,253
Bank/Group
464,910
1,622,517
1,370,305
1,634,485
155,114,963
18,165,952
178,373,132
388,397
1,114,388
1,931,222
1,726,364
140,207,499
18,247,996
163,615,866
433,725,882
406,713,119
By product - Foreign currency Guarantees
Bonds Acceptances Letters of Credit
Forward Exchange Contracts Undrawn Credit Lines
Total
(3)
Stage-wise Impairment on Loans & Advances, Commitments and
Contingencies
Bank/Group
30.06.2025
LKR'000
31.12.2024
LKR '000
(Audited)
816,535,591
715,571,908
(4,831,922)
(5,925,171)
(11,242,831)
794,535,667
(4,237,137)
(5,985,584)
(11,794,752)
693,554,435
Gross Loans and Advances, Commitments and Contingencies (Less): Accumulated impairment under; (Note 3.1)
Stage 1
Stage 2
Stage 3
Net Value of Loans and Advances, Commitments and Contingencies
(3.1)
Movement in impairment during the period
Stage 1
Bank/Group
2025
LKR'000
2024
LKR '000
(Audited)
4,237,137
589,763
-5,022
4,831,922
3,806,061
452,612
-(21,536)
4,237,137
5,985,584
(81,289)
-20,876
5,925,171
6,124,932
(80,023)
-(59,325)
5,985,584
11,794,752
60,296
(621,400)
9,183
11,242,831
12,179,282
1,395,432
(1,779,962)
-11,794,752
Opening balance as at 01 January Charge/(Write back) to income statement Write-off during the period
Effect on Change in Exchange rates
Closing balance
Stage 2
Opening balance as at 01 January Charge/(Write back) to income statement Write-off during the period
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
Effect on Change in Exchange rates
Closing balance
22,017,473
21,999,924
Total Impairment
* 2025 reflects the figures for 6 months ended 30.06.2025 and 2024 reflects the figures for 12 months ended 31.12.2024.
NATIONS TRUST BANK PLC
ANALYSIS
OF
DEPOSITS
(4)
Depositors
By
Product
Due to -
36,337,254
72,621,786
195,415,282
6,247
2,121
304,382,690
3,933,508
18,307,876
120,538,033
-
-142,779,417
447,162,107
31.12.2024
LKR '000
(Audited)
33,376,584
63,139,792
168,759,465
11,665
2,072
265,289,578
4,848,708
18,170,943
96,475,687
-
-119,495,338
30.06.2025
LKR'000
33,327,684
63,139,792
168,678,814
11,665
2,072
265,160,027
384,655,365
31.12.2024
LKR '000
(Audited)
4,848,708
18,170,943
96,475,687
-
-119,495,338
36,468,595
72,621,786
195,526,652
6,247
2,121
304,625,401
3,933,508
18,307,876
120,538,033
-
-142,779,417
447,404,818
30.06.2025
LKR'000
Group
384,784,916
Bank
By
product - Domestic currency
Demand deposits (current accounts) Savings Deposits
Fixed Deposits Call Deposits
Certificate of Deposits
Foreign Currency
Demand deposits (current accounts) Savings Deposits
Fixed Deposits Call Deposits
Certificate of Deposits
Total
NATIONS TRUST BANK 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 2024. 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 June 2025.
Financial Instruments Carried at Fair Value
Bank/Group
Level 1
Total Level 1
Total
LKR '000
LKR '000
LKR '000
LKR '000
As at 30.06.2025
Level 2 Level 3
LKR '000 LKR '000
As at 31.12.2024 (Audited) Level 2 Level 3
LKR '000 LKR '000
Financial Assets Measured at Fair Value
Derivative Financial Instruments - 456,664 - 456,664 - 224,298 - 224,298
Financial Assets at Fair Value through Profit or Loss 4,156,886 18,431,102 - 22,587,988 9,581,283 7,613,476 - 17,194,759
Financial Assets at Fair Value through Other Comprehensive Income 79,893,726 57,030,002 167,100 137,090,828 70,244,123 36,603,913 166,841 107,014,877
84,050,612 75,917,768 167,100 160,135,480 79,825,406 44,441,687 166,841 124,433,934
Financial Liabilities
Derivative Financial Instruments - 53,604 - 53,604 - 372,084 - 372,084
-
53,604
-
53,604
-
372,084
-
372,084
Fair Value of Financial Instruments Carried at Amortised Cost
Bank
Amortised Cost
Level 1
As at 30.06.2025
Level 2
Level 3
Total Fair Value LKR '000
Amortised Cost
LKR '000
As at 31.12.2024 (Audited)
Level 1 Level 2 Level 3
Total Fair Value LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
Financial Assets
Debt Instruments 89,341,661 37,947,054 66,022,959 - 103,970,013 96,796,064 42,054,869 69,700,367 - 111,755,236
Loans and Advances to Customers- Gross 382,809,709 - 383,150,729 - 383,150,729 308,858,789 - 309,227,141 - 309,227,141
472,151,370 37,947,054 449,173,688 - 487,120,742 405,654,853 42,054,869 378,927,508 - 420,982,377
Financial Liabilities
Due to Customers 447,404,818 - 450,064,248 - 450,064,248 384,784,916 - 386,373,873 - 386,373,873
Due to Other Borrowers 10,271,459 - 10,271,459 - 10,271,459 9,111,275 - 9,111,275 - 9,111,275
Debt Securities Issued 6,256,966 - 6,738,153 - 6,738,153 5,979,693 - 6,080,887 - 6,080,887
As at 30.06.2025
Level 2
As at 31.12.2024 (Audited)
Level 1 Level 2 Level 3
463,933,243 - 467,073,860 - 467,073,860 399,875,884 - 401,566,035 - 401,566,035
Group
Amortised Cost
Level 1
Level 3
Total Fair Value LKR '000
Amortised Cost
LKR '000
Total Fair Value LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
LKR '000
Financial Assets
Debt Instruments 89,341,661 37,947,054 66,022,959 - 103,970,013 96,796,064 42,054,869 69,700,367 - 111,755,236
Loans and Advances to Customers- Gross 382,809,709 - 383,150,729 - 383,150,729 308,858,789 - 309,227,141 - 309,227,141
472,151,370 37,947,054 449,173,688 - 487,120,742 405,654,853 42,054,869 378,927,508 - 420,982,377
Financial Liabilities
Due to Customers 447,162,107 - 449,821,061 - 449,821,061 384,655,365 - 386,244,322 - 386,244,322
Due to Other Borrowers 9,718,504 - 9,718,503 - 9,718,503 9,118,377 - 9,111,275 - 9,111,275
Debt Securities Issued 6,256,966 - 6,738,153 - 6,738,153 5,979,694 - 6,080,887 - 6,080,887
463,137,577
-
466,277,717
-
466,277,717
399,753,436
-
401,436,484
-
401,436,484
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 Financial Liabilities
Cash and Cash equivalents Due to banks
Balances with Central Bank of Sri Lanka Repurchase agreements Placements with Banks
Reverse Repurchase Agreements
NATIONS TRUST BANK PLC
ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS
Bank
As at 30 June 2025 FVPL FVOCI
LKR '000 LKR '000
As at 31 December 2024 (Audited)
FVPL FVOCI Total LKR '000 LKR '000 LKR '000
AC Total AC
LKR '000
LKR '000
LKR '000
Financial Assets
Cash and Cash Equivalents 21,928,757 - - 21,928,757 20,814,294 - - 20,814,294
Balances with Central Bank of Sri Lanka 1,097,532 - - 1,097,532 1,183,473 - - 1,183,473
Placements with banks 2,172,599 - - 2,172,599 2,472,925 - - 2,472,925
Reverse Repurchase Agreements 478,491 - - 478,491 2,389,147 - - 2,389,147
Derivative Financial Instruments - 456,664 - 456,664 - 224,298 - 224,298 Financial Assets Recognised through Profit or Loss - Measured at Fair Value - 22,587,988 - 22,587,988 - 17,194,759 - 17,194,759 Financial Assets Recognised through Profit or Loss - Designated at fair value - - - - - - - -Financial Assets at Fair Value through Other Comprehensive Income - - 137,090,828 137,090,828 - - 107,014,877 107,014,877 Financial Assets at Amortised Cost - Debt Instruments 89,341,661 - - 89,341,661 96,796,064 - - 96,796,064 Financial Assets at Amortised Cost - Loans and Advances 361,351,048 - - 361,351,048 287,362,553 - - 287,362,553
Total Financial Assets
476,370,088 23,044,652 137,090,828
636,505,568
411,018,456 17,419,057 107,014,877
535,452,390
Financial Liabilities
Due to Banks 48,437,801 - - 48,437,801 27,403,357 - - 27,403,357
Derivative Financial Instruments - 53,604 - 53,604 - 372,084 - 372,084 Financial Liabilities at Amortised Cost
Due to Depositors 447,404,818 - - 447,404,818 384,784,916 - - 384,784,916
Due to debt securities holders - Repurchase Agreements 28,599,266 - - 28,599,266 21,985,170 - - 21,985,170 Due to Other Borrowers 10,271,459 - - 10,271,459 9,111,275 - - 9,111,275
Debt Securities Issued 6,256,966 - - 6,256,966 5,979,693 - - 5,979,693
Total Financial Liabilities 540,970,310 53,604 - 541,023,914 449,264,411 372,084 - 449,636,495
Group
As at 30 June 2025
As at 31 December 2024 (Audited)
AC LKR '000
FVPL LKR '000
FVOCI LKR '000
Total LKR '000
AC LKR '000
FVPL LKR '000
FVOCI LKR '000
Total LKR '000
Financial Assets
Cash and Cash Equivalents 21,928,760 - - 21,928,760 20,814,297 - - 20,814,297
Balances with Central Bank of Sri Lanka 1,097,532 - - 1,097,532 1,183,473 - - 1,183,473
Placements with banks 2,172,599 - - 2,172,599 2,472,925 - - 2,472,925
Reverse Repurchase Agreements 478,491 - - 478,491 2,389,147 - - 2,389,147
Total Financial Assets
Derivative Financial Instruments - 456,664 - 456,664 - 224,298 - 224,298 Financial Assets Recognised through Profit or Loss - Measured at Fair Value - 22,587,988 - 22,587,988 - 17,194,759 - 17,194,759 Financial Assets Recognised through Profit or Loss - Designated at fair value - - - - - - - -Financial Assets at Fair Value through Other Comprehensive Income - - 137,090,828 137,090,828 - - 107,014,877 107,014,877 Financial Assets at Amortised Cost - Debt Instruments 89,341,661 - - 89,341,661 96,796,064 - - 96,796,064 Financial Assets at Amortised Cost - Loans and Advances 361,351,048 - - 361,351,048 287,362,553 - - 287,362,553
476,370,091 23,044,652 137,090,828 636,505,571 411,018,459 17,419,057 107,014,877 535,452,393
Financial Liabilities
48,437,801
-
-
48,437,801
27,403,357
-
-
27,403,357
-
53,604
-
53,604
-
372,084
-
372,084
447,162,107
-
-
447,162,107
384,655,365
-
-
384,655,365
26,061,465
-
-
26,061,465
19,528,900
-
-
19,528,900
9,718,504
-
-
9,718,504
9,118,377
-
-
9,118,377
6,256,966
-
-
6,256,966
5,979,693
-
-
5,979,693
537,636,843
53,604
-
537,690,447
446,685,692
372,084
-
447,057,776
Due to Banks
Derivative Financial Instruments Financial Liabilities at Amortised Cost
Due to Depositors
Due to debt securities holders - Repurchase Agreements Due to Other Borrowers
Debt Securities Issued Total Financial Liabilities
Note
AC - Financial Instruments measured at Amortised cost
FVPL - Financial instruments measured at fair value through profit or loss
FVOCI - Financial instruments measured at fair value through other comprehensive income
NATIONS TRUST BANK PLC
SELECTED PERFORMANCE INDICATORS (AS PER REGULATORY REPORTING)
Item
Bank
Group
30.06.2025
31.12.2024
30.06.2025
31.12.2024
Regulatory Capital (LKR '000)
Common Equity Tier 1
70,006,719
70,822,110
72,265,192
73,081,874
Core (Tier 1) Capital
70,006,719
70,822,110
72,265,192
73,081,874
Total Regulatory Capital Base
74,734,259
74,851,471
76,992,732
77,111,235
Regulatory Capital Ratios (%) Common Equity Tier 1 Capital Ratio (%)
(Minimum Requirement - 7.00%)
16.61
20.87
17.12
21.47
Tier 1 Capital Ratio (%)
(Minimum Requirement - 8.50%)
16.61
20.87
17.12
21.47
Total Capital Ratio (%)
(Minimum Requirement - 12.50%)
17.73
22.05
18.24
22.66
BASEL III Leverage Ratio (Minimum Requirement - 3%)
10.47
12.57
10.81
12.96
Regulatory Liquidity
Total Stock of High-Quality Liquid Assets (LKR '000)
217,781,842
210,135,367
Liquidity Coverage Ratio (%) (Minimum Requirement: 100%)
Rupee
406.68
447.74
All Currency
225.22
320.56
Net Stable Funding Ratio (%) (Minimum Requirement : 100%)
141.24
154.73
Assets Quality
Impaired Loans (Stage 3) Ratio % *
1.24
1.60
Impairment (Stage 3) to Stage 3 Loans Ratio (%)*
62.07
60.55
Income and Profitability
Net Interest Margin (%)
6.37
6.94
Return on Assets (before tax) (%)
4.51
4.92
4.61
5.00
Return on Equity (%)
21.45
24.67
21.25
24.22
Cost to income ratio (%)
30.54
34.02
30.13
33.72
Net Assets Value Per Share (LKR)
258.52
232.54
266.97
240.37
Memorandum Information
Credit Rating
A(lka)
A(lka)
Number of Employees
2493
2455
2513
2473
Number of Branches
92
95
92
95
Market Price Per Share (LKR)
Voting
Non-Voting
30.06.2025
31.12.2024
30.06.2025
31.12.2024
(Quarter ended)
(Quarter ended)
(Quarter ended)
(Quarter ended)
Highest
220.25
189.75
270.00
225.00
Lowest
171.00
123.00
225.00
127.00
Last Traded Price
218.00
186.50
253.25
215.50
*Including Undrawn Portion of Credit.
DEBENTURE INFORMATION
The rated, unsecured, subordinated redeemable debenture 2019/26 of the Bank is listed on the Colombo Stock Exchange.
Debenture Categories
CSE Listing
Interest Payable Frequency
Issued Date
Maturity Date
Balance as at 30.06.2025
LKR '000
Balance as at 31.12.2024
(Audited)
LKR '000
Market Values for the Quarter Ended 30.06.2025
Interest Rates
Interest Rate of Comparable Government Securities
Other Ratios as at Date of Last Trade
Highest LKR
Lowest LKR
Period End LKR
Coupon
Rate
%
Effective
Annual Yield
%
30.06.2025
%
31.12.2024
%
As at Issue
Date
%
Interest
Yield
%
Yield to
Maturity
%
Fixed Rate
**NTB-BD-23/12/26 - C2442 - 12.9
Annually
23-Dec-19
23-Dec-26
1,800,000
1,800,000
Not traded during the current period
12.90
12.90
8.08
9.42
10.11
Not traded
Fixed Rate
N/A
Semi -Annually
9-Jul-21
9-Jul-26
449,760
449,760
N/A
8.90
9.10
7.98
9.27
7.43
N/A
Fixed Rate
N/A
Annually
9-Jul-21
9-Jul-26
3,550,240
3,550,240
N/A
9.15
9.15
7.98
9.27
7.43
N/A
Total Debentures
5,800,000
5,800,000
Ratios of Debt
30.06.2025
31.12.2024
* Debt/Equity Ratio (%)
Interest Cover (Times) Quick Asset Ratio (%)
14.30
27.43
123.57
15.21
14.71
133.76
* Borrowings of which original maturity with five years or more are considered for debt.
** BASEL III compliant Debentures.
NATIONS TRUST BANK PLC SEGMENT INFORMATION
Bank
Treasury Functions
Others
Unallocated/ Eliminations
Total Group
For the six months ended 30 June
2024
LKR '000
Net Interest Income Inter Segment
Total revenue from external customers
6,327,597
3,180,786
9,508,383
Net Fee and Commission Income
3,611,667
Net Gains/(Losses) from Trading
572,571
Net Fair Value Gains/(Losses) on Financial Assets at Fair Value through Profit or Loss
Net Fair Value Gains/(Losses) on Financial Liabilities at Fair Value through Profit or Loss
Net Gains/(Losses) on Derecognition of 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 Gains/(Losses) on Derecognition of Financial Assets at Amortised cost
Net Other Operating Income/(Loss) Operating Income
Impairment Charge/(Reversal) Net Operating Income
-
-
-
-
-932,025
14,624,646
1,071,034
13,553,612
Depreciation of Property, Plant and Equipment Depreciation of Right of Use (ROU) Assets Amortisation of Intangible Assets
93,167
193,213
145,852
Capital Expenditures Property and Equipment Other Intangible Assets
28,522
4,949
Total Assets (as at)
297,342,336
Total Liabilities (as at)
357,383,541
30,590
205,326
383,611,246
453,657,226
-
-
-
-
-734,771
13,140,068
586,011
12,554,057
102,527
204,018
131,037
5,309,775
2,759,003
8,068,778
3,752,275
584,244
2025
LKR '000
2024
LKR '000
11,696,901
(3,180,786)
8,516,115
37,885
(2,622,978)
(183,565)
-1,443,827
(142,456)
-2,044,132
9,092,960
(92,740)
9,185,700
3,301
-27,056
778
-210,344,870
58,595,136
4,011
-274,794,184
93,570,914
(518,993)
-1,358,992
537,187
-(1,747,482)
12,179,333
3,525
12,175,808
5,238
-21,854
13,775,820
(2,759,003)
11,016,817
54,749
1,478,063
2025
LKR '000
2024
LKR '000
122,409
-122,409
184,903
-
-
-
-
-
-
-307,312
-307,312
9,603
2,817
62
-
-2,814,922
109,141
-
-3,163,330
118,761
-
-
-
-
-
-341,051
-341,051
8,193
1,340
70
112,544
-112,544
228,507
-
2025
LKR '000
2024
LKR '000
(92,045)
-(92,045)
94,708
23,980
-
-
-
-
-6,514
33,157
-33,157
12,944
-662
31,747
26,940
(11,817,609)
13,557,411
288,802
16,837
(13,901,494)
12,049,571
-
-
-
-
-(7,460)
(117,669)
-(117,669)
20,569
-(1,180)
(161,764)
-(161,764)
60,844
(9,289)
2025
LKR '000
2024
LKR '000
18,054,862
-18,054,862
3,929,163
(2,026,427)
(183,565)
-1,443,827
(142,456)
-2,982,671
24,058,075
978,294
23,079,781
119,015
196,030
173,632
61,047
31,889
498,684,519
429,645,229
323,403
222,163
647,667,266
559,396,472
(518,993)
-1,358,992
537,187
-(1,020,171)
25,542,783
589,536
24,953,247
136,527
205,418
151,781
19,036,375
-19,036,375
4,096,375
2,053,018
2025
LKR '000
NATIONS TRUST BANK PLC
EXPLANATORY NOTES
There are no changes to the accounting policies and methods of computation since the publication of the annual report for the year ended 31 December 2024.
During the quarter, there were no material changes in the composition of assets, liabilities and/or contingent liabilities. All known expenditure items have been accrued.
The Group Financial Statements comprise a consolidation of the Bank and its fully owned subsidiaries; Waldock Mackenzie Limited, Allied Properties Limited and Nations Insurance Brokers Limited.
These interim financial statements are presented in accordance with LKAS 34 - Interim Financial Reporting, Circular 05 of 2024 on Publication of Annual and Quarterly Financial Statements issued by Central Bank of Sri Lanka and other Disclosures by Licensed Banks, and provide the information as required in terms of Rule 7.4 of the Colombo Stock Exchange.
Impairment of financial assets
Loans and Advances - ECL assessment
A comprehensive assessment was conducted to estimate the Expected Credit Loss (ECL) for individually significant customers, incorporating projected delays in expected cash flows and current macroeconomic conditions. Adequate provisions were recognized in the financial statements to ensure sufficient coverage of the potential impact on the Bank's loan portfolio. Customers exhibiting heightened credit risk were appropriately classified under Stage 2 or Stage 3. Additionally, management overlays for exposures in high-risk industries and geographies, along with other assumptions applied in the economic factor adjustments, remained unchanged.
Other Financial Assets - Balances with Central Bank
As at 30.06.2025, the Bank held a receivable balance from the Central Bank of Sri Lanka (CBSL) related to prior regulatory directions (Special Deposit Accounts and Incentive Scheme on Inward Workers' Remittances) . As per the communication received in December 2024, CBSL has prompted a reassessment of the recoverability of this balance. Based on this assessment, management has recognized an impairment provision against the receivable, considering the current status of settlement.
In terms of the Banking Act No.30 of 1998, as amended, John Keells Group and Central Finance Group are to reduce their respective shares carrying voting rights to 15% and the respective shareholders are required to take relevant action to comply with the said direction. Restriction on voting rights at 10% each is applicable to John Keells Group and Central Finance Group until the reduction of their respective holding to the prescribed levels.
The funds raised through debentures were fully utilized for the objectives mentioned in the prospectuses.
There were no material events that took place after the reporting date, which require adjustment to or disclosure in these Interim Financial Statements.
NATIONS TRUST BANK PLC SHAREHOLDERS' INFORMATION
Twenty Largest Shareholders as at 30 June 2025
Voting Shares | ||||
Name of the Shareholder | No. of Shares | % holding | ||
John Keells Holdings PLC | 56,408,580 | 19.72 | ||
HWIC Asia Fund | 42,903,190 | 15.00 | ||
Central Finance Company PLC A/C No 03 | 28,147,578 | 9.84 | ||
Mackinnons Keells Limited | 27,922,243 | 9.76 | ||
Amaliya Private Limited | 17,102,853 | 5.98 | ||
CF Insurance Brokers (Pvt) Ltd | 14,178,549 | 4.96 | ||
CF Growth Fund Ltd A/C No.01 | 14,082,437 | 4.92 | ||
Thread Capital (Private) Limited | 10,650,309 | 3.72 | ||
J.B. Cocoshell (Pvt) Ltd | 5,529,946 | 1.93 | ||
Hatton National Bank PLC - Capital Alliance Quantitative Equity Fund | 5,117,454 | 1.79 | ||
Hatton National Bank PLC A/C No 1 | 4,529,586 | 1.58 | ||
Mr. M.F. Hashim | 2,840,129 | 0.99 | ||
Mr. N.R. Somaiya | 1,615,175 | 0.56 | ||
Odyssey Capital Partners (Private) Limited | 1,068,631 | 0.37 | ||
Invenco Capital (Private) Limited | 1,028,997 | 0.36 | ||
Mr. W.G.D.C. Ranaweera | 997,113 | 0.35 | ||
DFCC Bank PLC A/C NO 02 | 992,312 | 0.35 | ||
Mr. M.A. Jafferjee | 974,377 | 0.34 | ||
People's Leasing G Finance PLC/ Mrs. M.E. Amarasinghe | 911,721 | 0.32 | ||
Akbar Brothers (Pvt) Ltd A/C NO 1 | 848,178 | 0.30 | ||
237,849,358 | 83.14 | |||
Others | 48,166,549 | 16.86 | ||
Total | 286,015,907 | 100.00 | ||
Non-Voting Shares | ||||
Name of the Shareholder | No. of Shares | % holding | ||
John Keells Holdings PLC | 18,448,936 | 41.35 | ||
Central Finance Company PLC A/C No 03 | 9,364,407 | 20.99 | ||
HWIC Asia Fund | 6,695,419 | 15.00 | ||
Mackinnons Keells Limited | 4,808,779 | 10.78 | ||
CF Insurance Brokers (Pvt) Ltd | 2,441,833 | 5.47 | ||
CF Growth Fund Ltd A/C No.01 | 2,425,280 | 5.44 | ||
Mr. M.G.H.I. Jafferjee | 161,482 | 0.36 | ||
The Incorporated Trustees of the Church of Ceylon | 28,958 | 0.06 | ||
Mr. K.N.J. Balendra | 22,681 | 0.05 | ||
Mr. S.J. Hirdaramani | 21,060 | 0.05 | ||
Mr. D.C. Fernando | 17,919 | 0.04 | ||
Vinik (Pvt) Limited | 14,740 | 0.03 | ||
People's Leasing G Finance PLC/Mr. A.B.K. Weeraman | 12,108 | 0.03 | ||
Mr. J.B. Hirdaramani | 12,066 | 0.03 | ||
Mr. K.O.V.S.M.S. Wijesinghe | 8,348 | 0.02 | ||
Miss N.R. Fonseka | 8,110 | 0.02 | ||
Miss. T.T. Weerasinghe | 7,368 | 0.02 | ||
Mr. H.P. Savidu | 6,242 | 0.01 | ||
Mr. K.S.N. Hirdaramani | 4,770 | 0.01 | ||
Mr. A.K. Gunaratne | 4,089 | 0.01 | ||
44,514,595 | 99.77 | |||
Others | 106,980 | 0.23 | ||
Total | 44,621,575 | 100.00 | ||
30.06.2025 | ||
Number | % | |
Number of shareholders representing the public holding (Voting) | 6,641 | 35.79 |
Number of shareholders representing the public holding (Non-Voting) | 458 | 0.98 |
Compliant under Option 1 - Float Adjusted Market Capitalization | LKR. 22.43 Bn | |
Directors' Holding in Shares as at 30 June 2025
Name of the Director | No of Shares | |||
Voting | Non-Voting | |||
Mrs. R.S. Cader | - | - | ||
Mr. C.H.A.W. Wickramasuriya | - | - | ||
Mr. A.R. Fernando | - | - | ||
Dr. R. Shanmuganathan | - | - | ||
Mr. C.K. Hettiarachchi | - | - | ||
Mr. H.D. Gunetilleke (Director/CEO) | - | - | ||
Dr. S. Jha | - | - | ||
Mr. K.C. Subasinghe | - | - | ||
Mr. A.K. Wignaraja | - | - | ||
Dr. (Mrs) R.A. Perera | - | - | ||
Ms. M.C. Pietersz | - | - | ||
- | - | |||