Nations Trust Bank PlcCSELK: NTB.N0000

Interim Financial Statements for the three months ended 31 March 2025

May 14, 2025 at 12:05 PM UTC · Issued by Nations Trust Bank PLC

TRUST IN BETTER.

Interim Financial Statements

For the three months ended 31 March 2025 Company Registration Number: PQ 118

Nations Trust Bank PLC records strong 1Q 2025 Performance

Profit After tax of LKR 4Bn. up 8% YoY
Net Stage 3 Ratio of 1.4%
Totat Capital Adequacy Ratio of 20.56 %,
Return on Equity 20.45%

O9th Nay 2025, Colombo: Nations Trust Bank PLC reported strong financial results for the three months ending 31stMarch 2025, achieving a Profit After Tax (PAT) of LKR 4 Bn, up 8% YoY.

Nations Trust Bank, Director & Chief Executive Officer, Hemantha Gunetilteke, stated, "The Bank's performance for the three months ending 31st March 2025 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."

The Banh's financial performance is supported by its strong capital buffers, with Tier I Capital at 19.390/ and a Total Capital Adequacy Ratio of 20.56%, weLL above the regulatory requirements of 8.5% and 12.5%, respectively.

A strong liquidity buffer was maintained with a Liquidity Coverage Ratio of 270% against the regulatory requirement of 100%.

The Bank reported a Return on Equity (ROE) of 20.45%, white its Earnings Per Share for the three months ending 31st March 2025 increased to LKR 12.35, against LKR 11.42 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. 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

Three Months Ended 31 March Three Months Ended 31 March

2025

LKR '000

2024 Change

LKR '000 (%)

2024 Change

2025

LKR '000

19,679,635

16,160,660

(6,880,457)

9,280,203

2,473,871

(426,980)

2,046,891

898,173

(450,180)

-676,294

181,970

LKR '000 (%)

Gross Income

19,622,446

19,774,552 (1)

19,826,861 (1)

Interest Income

Less: Interest Expense Net Interest Income

16,160,414

(6,955,708)

9,204,706

16,878,890 (4)

(7,854,558) 11

9,024,332 2

16,878,890 (4)

(7,786,818) 12

9,092,072 2

Fee and Commission Income

Less: Fee and Commission Expense Net Fee and Commission Income

2,416,928

(426,980)

1,989,948

2,183,044 11

(337,562) (26)

1,845,482 8

2,235,353 11

(337,562) (26)

1,897,791 8

Net Gains/(Losses) from Trading

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) Total Operating Income

898,173

(450,180)

-676,294

181,970

-(261,153)

12,239,758

(3,358,689) 127

161,801 (378)

- -

562,056 20

(142,456) 228

- -

3,489,906 (107)

11,582,432 6

(3,358,689) 127

161,801 (378)

- -

562,056 20

(142,456) 228

- -

3,489,906 (107)

11,702,481 6

Impairment Charges/(Reversals) Net Operating Income

445,520

11,794,238

558,344 20

11,024,088 7

558,344 20

11,144,137 7

Less: Operating Expenses Personnel Expenses

Depreciation of Property, Plant and Equipment Depreciation of Right of Use (ROU) Assets Amortisation of Intangible Assets

Other Operating Expenses Total Operating Expenses

Operating profit/(loss) before VAT G NBT on financial services

2,171,660

54,443

145,489

74,352

1,498,134

2,181,318

68,383

101,535

74,386

1,503,785

3,944,078

7,850,160

-(261,153)

12,372,198

445,520

11,926,678

(12)

1,936,110

48,730

120,830

86,685

1,463,699

(12)

(20)

(2)

3,656,054 (8)

7,368,034 7

(12)

1,943,536

59,665

98,199

86,716

1,468,933

(15)

(3)

(2)

3,929,407

3,657,049 (7)

7,487,088 7

7,997,271

Less: Value Added Tax (VAT) on financial services Less: Nation Building Tax (NBT) on financial services

1,689,231

1,575,658 (7)

- -

1,576,223 (7)

- -

1,689,717

Operating profit/(loss) after VAT G NBT on financial services

Share of profits of associates and joint ventures

-6,307,554

2,222,617

- - - - -

Profit / (loss) before Income Tax

6,160,929

5,792,376 6

5,910,865 7

Less: Income Tax Expense

2,179,034

2,094,324 (4)

2,134,781 (4)

4,084,937

Profit / (loss) for the Period

3,981,895

3,698,052 8

3,776,084 8

4,084,937

Profit Attributable to: Equity Holders of the Bank Non-Controlling Interest

3,981,895

12.35

3,698,052 8

- -

3,776,084 8

- -

Earnings per share on profit Basic Earning Per Share (LKR)

Diluted earnings per ordinary share (LKR)

12.04

11.34 6

11.18 8

11.58 7

11.42 8

OF COMPREHENSIVE INCOME

NATIONS TRUST BANK PLC

STATEMENT

Bank

Group

Three Months Ended 31 March Three Months Ended 31 March

2025

LKR '000

2024 Change

LKR '000 (%)

2024 Change

2025

LKR '000

LKR '000 (%)

Profit for the Period

3,698,052 8

3,776,084 8

4,084,937

3,981,895

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

Changes in Impairment for Expected Credit Losses

219,281

Less: Tax (Expenses) / Reversal relating to items that will be reclassified to income statement

- -

1,465,651 (79)

- -

219,281

(439,695) 79

1,025,956

(79)

- -

1,465,651 (79)

- -

(439,695) 79

1,025,956 (79)

313,259

(93,978)

313,259

(93,978)

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

- -

- - - -

219,281

(79)

1,025,956

4,304,218

4,201,176

219,281

Other Comprehensive Income for the Period, Net of Tax 1,025,956 (79)

4,304,218

4,201,176

Total Comprehensive Income for the Period, Net of Tax

4,724,008 (11)

4,802,040 (10)

Attributable to:

Equity Holders of the Bank Non-Controlling Interest

4,724,008 (11)

- -

4,802,040 (10)

- -

NATIONS TRUST BANK PLC STATEMENT OF FINANCIAL POSITION

Change

Bank Group

As at

ASSETS

31.03.2025

LKR '000

31.12.2024

LKR '000

(Audited)

31.03.2025

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

24,073,258

1,565,303

3,559,701

273,618

399,363

14,670,200

-133,231,008

93,227,501

318,661,837

2,500,086

678,710

-3,506,726

-2,434,716

1,343,651

1,170,098

601,295,776

20,814,294 16

1,183,473 32

2,472,925 44

2,389,147 (89)

224,298 78

17,194,759 (15)

- -

107,014,877 24

96,796,064 (4)

287,362,553 11

2,484,475 1

678,710 -

- -

3,018,207 16

- -

1,284,457 90

1,408,451 (5)

1,114,316 5

545,441,006 10

24,073,261

1,565,303

3,559,701

273,618

399,363

14,670,200

-133,231,008

93,227,501

318,661,837

2,519,256

-4,557,773

-1,841,882

1,344,092

919,900

600,844,695

20,814,297 16

1,183,473 32

2,472,925 44

2,389,147 (89)

224,298 78

17,194,759 (15)

- -

107,014,877 24

96,796,064 (4)

287,362,553 11

2,493,084 1

- -

4,083,195 12

- -

1,284,746 43

1,408,927 (5)

863,450 7

545,585,795 10

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

39,515,018

188,217

413,275,526

28,553,679

10,378,527

6,107,241

1,512,004

5,558,227

-16,338,793

521,427,232

27,403,357 44

372,084 (49)

- -

384,784,916 7

21,985,170 30

9,111,275 14

5,979,693 2

1,457,883 4

4,590,390 21

- -

12,869,931 27

468,554,699 11

39,515,018

188,217

413,113,682

26,046,840

9,778,791

6,107,241

1,523,968

5,617,940

-16,390,644

518,282,341

27,403,357 44

372,084 (49)

- -

384,655,365 7

19,528,900 33

9,118,377 7

5,979,693 2

1,469,319 4

4,640,244 21

- -

12,941,381 27

466,108,720 11

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

55,768,743

6,421,002

1,060,740

79,868,544

-601,295,776

439,378,515

2,445

12,106,272 7

3,610,418 -

53,907,156 3

6,201,721 4

1,060,740 -

76,886,307 4

- -

545,441,006 10

406,713,119 8

2,455

13,007,641

3,610,418

57,881,160

6,421,002

1,642,133

82,562,354

-600,844,695

439,378,515

2,464

12,106,272 7

3,610,418 -

55,916,531 4

6,201,721 4

1,642,133 -

79,477,075 4

- -

545,585,795 10

406,713,119 8

2,473

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

09 May 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

Revaluation Reserve

LKR '000

Total

LKR '000

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/(loss) for the year (net of tax) -

3,698,052

Other Comprehensive Income (net of tax) -

1,025,956

Total Comprehensive Income for the Period -

3,698,052

1,025,956

4,724,008

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)

Conversion of Non-Voting Shares to Voting Shares

1,034

(1,034)

Transfers to the Statutory Reserve Fund

As at 31 March 2024

8,642,012

3,464,268

2,783,805

41,979,915

4,934,219

946,133

62,750,352

As at 01 January 2025

8,642,024

3,464,256

3,610,418

53,907,148

6,201,721

1,060,740

76,886,307

Total Comprehensive Income for the Period

Profit for the Period

3,981,895

Other Comprehensive Income

219,281

Total Comprehensive Income for the Period

3,981,895

219,281

4,201,176

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)

Conversion of Non-Voting Shares to Voting Shares

Transfers to the Statutory Reserve Fund

As at 31 March 2025

9,421,151

3,586,490

3,610,418

55,768,743

6,421,002

1,060,740

79,868,544

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 -

3,776,084

Other Comprehensive Income -

1,025,956

Total Comprehensive Income for the Period -

3,776,084

1,025,956

4,802,040

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)

Transfers to the Statutory Reserve Fund

1,034

(1,034)

Conversion of Non-Voting Shares to Voting Shares

As at 31 March 2024

8,642,012

3,464,268

2,783,805

43,801,412

4,934,219

1,383,751

65,009,467

As at 01 January 2025

8,642,024

3,464,256

3,610,418

55,916,523

6,201,721

1,642,133

79,477,075

Total Comprehensive Income for the Period

Profit for the Period

4,084,937

Other Comprehensive Income

219,281

Total Comprehensive Income for the Period

4,084,937

219,281

4,304,218

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)

Conversion of Non-Voting Shares to Voting Shares

Transfers to the Statutory Reserve Fund

As at 31 March 2025

9,421,151

3,586,490

3,610,418

57,881,160

6,421,002

1,642,133

82,562,354

GROUP

Voting LKR '000

Non-Voting LKR '000

Statutory Reserve Fund

LKR '000

Revaluation Reserve

LKR '000

Stated Capital

Retained Earnings

OCI Reserve

Total

NATIONS TRUST BANK PLC

STATEMENT OF CASH FLOWS

Bank Group

Three Months Ended 31 March Three Months Ended 31 March

2025

LKR '000

2024

LKR '000

2024

2025

LKR '000

Cash Flows from Operating Activities Receipts of Interest Income Payments of Interest Expense

Receipts of Fees and Commission Income

Payments of Fees and Commission Expense Net Trading Income / (Loss)

Realised gain on sale of financial assets at FVTPL Realised gain on sale of financial assets at FVOCI Gratuity Payments

Receipts from Net Other Operating Income Payments for Operating Expenses

Payments for VAT and SSCL on Financial Services

Operating Profit before Changes in Operating Assets and Liabilities

14,554,041

(4,847,288)

2,551,939

(426,980)

539,241

676,294

181,970

(38,611)

321,481

(3,087,466)

(1,743,165)

8,681,456

15,783,957

(8,056,012)

2,276,295

(337,562)

(2,263,361)

562,056

(749,805)

(31,985)

(709,039)

(2,728,657)

(1,476,031)

2,269,856

15,783,957

(7,988,272)

2,328,604

(337,562)

(2,263,361)

562,056

(749,805)

(31,985)

(709,039)

(2,741,228)

(1,476,589)

2,376,775

14,554,287

(4,772,037)

2,608,883

(426,980)

539,241

676,294

181,970

(38,612)

321,481

(3,080,563)

(1,745,664)

8,818,300

(Increase)/Decrease in Operating Assets Balances with Central Bank of Sri Lanka Placements with Banks

Reverse Repurchase Agreements

Financial Assets - at Fair Value through Profit or Loss

Financial Assets - at Fair Value through Other Comprehensive Income Financial Assets - at Amortised Cost - Debt Instruments

Financial Assets - at Amortised Cost - Loans & Advances Other Assets

(Increase)/Decrease in Operating Assets

(381,830)

(1,086,776)

2,107,883

2,713,887

(24,400,344)

3,041,338

(31,083,798)

(445,115)

6,442,549

25,706,084

10,212,810

2,850,965

45,212,408

4,495,953

(1,395,348)

3,100,605

(49,534,755)

647,884

51,766

1,500,000

(4,896,269)

2,528,910

6,894,452

(1,304,604)

(33,616)

5,388,523

647,884

51,766

1,500,000

(4,896,269)

2,528,910

6,894,452

(1,304,604)

(45,496)

5,376,643

(381,830)

(1,086,776)

2,107,883

2,713,887

(24,400,344)

3,041,338

(31,083,798)

(445,115)

(49,534,755)

Increase/(Decrease) in Operating Liabilities

Financial Liabilities - at Amortized Cost - Due to Debt Securities holders (Repurchase Agreements)

Financial Liabilities - at Amortised Cost - Due to Depositors

Financial Liabilities - at Amortised Cost - due to other borrowers Other Liabilities

Increase/(Decrease) in Operating Liabilities

Net Cash Generated from 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 and Intangible Assets

Purchase of financial investments

Proceeds from the sale and maturity of financial investments

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 purchase of Intangible Assets

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 Receipt in Other Borrowed Funds Repayment of Other Borrowed Funds Dividend paid to non-controlling interest

Dividend paid to holders of other equity instruments Operating Lease Rentals Paid

Dividend paid to shareholders of the parent company Net Cash (Used in)/from Financing Activities

6,493,119

25,738,378

10,212,810

2,870,554

45,314,861

4,461,562

(1,360,957)

3,100,605

(90,619)

-(9,552)

(100,171)

-(21,560)

-(394)

-(233,618)

(1,218,939)

(1,474,511)

11,997,828

(6,100,261)

(24,626,100)

(1,405,931)

(20,134,464)

(12,476,085)

(2,015,195)

(14,491,280)

(27,900)

-(76,976)

(104,863)

-(22,677)

39,976

(1,205,576)

-(169,339)

(918,709)

(2,276,325)

10,159,705

(4,351,086)

(24,626,100)

(1,403,790)

(20,221,271)

(12,467,853)

(2,055,274)

(14,523,129)

(90,619)

-(9,552)

(100,171)

(27,900)

-(76,976)

(104,863)

-(22,677)

39,976

(1,205,576)

-(137,488)

(918,710)

(2,244,475)

9,260,474

14,816,037

-(2,251,144)

Net Increase/(Decrease) in Cash and Cash Equivalents Cash and Cash Equivalents at the Beginning of the Period Cash and Cash Equivalents at the End of the Period

1,525,923

20,299,441

21,825,364

(16,872,468)

39,545,578

22,673,110

(16,872,465)

39,545,578

22,673,113

-(21,560)

-(394)

-(233,618)

(1,218,939)

(1,474,511)

1,525,923

20,299,444

21,825,367

Reconciliation of Cash and Cash Equivalents Cash in Hand

Balances with Banks

21,825,367

Money at Call and Short Notice Deposits from Other Banks

9,260,471

14,816,037

-(2,251,144)

21,825,364

10,425,708

13,608,011

-(1,360,609)

22,673,110

10,425,711

13,608,011

-(1,360,609)

22,673,113

NATIONS TRUST BANK PLC

ANALYSIS OF LOANS & ADVANCES, COMMITMENTS, CONTINGENCIES AND IMPAIRMENT

(1)

Product-wise Gross Loans and Advances

Bank/Group

31.03.2025

LKR'000

31.12.2024

LKR '000

(Audited)

By product - Domestic currency

Bills of Exchange

5,325

14,699

Trade Finance

85,059,150

61,719,106

Overdrafts

43,559,935

43,955,178

Term Loans

93,285,158

87,273,154

Staff Loans

3,880,975

3,818,152

Lease rentals receivable

22,931,423

23,109,775

Credit Cards

23,976,090

24,416,655

Pawning

1,185

1,184

Other Advances

262,917

272,962,158

244,570,820

By product - Foreign currency Trade Finance

Overdrafts Guarantees Bonds Term Loans

36,829,925

3,056,391

-27,529,289

67,415,605

34,182,315

3,209,756

-26,895,898

64,287,969

Total

340,377,763

308,858,789

(2) Product-wise Commitments and Contingencies Bank/Group

	31.03.2025 LKR'000	31.12.2024 LKR '000 (Audited)
By product - Domestic currency
Guarantees	674,700	582,048
Bonds	20,814,324	20,575,648
Acceptances	4,077,286	3,545,406
Letters of Credit	9,606,844	7,350,830
Forward Contracts to buy/sell -Fixed Income Securities	4,620,348	260,017
Undrawn Credit Lines	201,581,460	210,783,304
	241,374,962	243,097,253

By product - Foreign currency Guarantees

Bonds Acceptances Letters of Credit

Forward Exchange Contracts Undrawn Credit Lines

488,894

1,125,940

1,890,912

1,446,399

167,981,316

25,070,092

198,003,553

388,397

1,114,388

1,931,222

1,726,364

140,207,499

18,247,996

163,615,866

Total

439,378,515

406,713,119

(3)

Stage-wise Impairment on Loans & Advances, Commitments and Contingencies

Bank/Group

31.03.2025

LKR'000

31.12.2024

LKR '000

(Audited)

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

715,571,908

779,756,278

(4,668,265)

(5,941,296)

(11,651,933)

(4,237,137)

(5,985,584)

(11,794,752)

757,494,784

693,554,435

(3.1) Movement in impairment during the period

Bank/Group

2024

Stage 1

LKR '000

2025

LKR'000

(Audited)

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

3,806,061

4,237,137

428,899

-2,229

452,612

4,668,265

-(21,536)

4,237,137

Stage 2

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

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

6,124,932

5,985,584

(53,553)

-9,265

(80,023)

5,941,296

-(59,325)

11,794,752

49,050

(195,944)

4,075

5,985,584

12,179,282

1,395,432

(1,779,962)

11,651,933

-11,794,752

* 2025 reflects the figures for 3 months ended 31.03.2025 and 2024 reflects the figures for 12 months ended 31.12.2024.

NATIONS TRUST BANK PLC

ANALYSIS

DEPOSITS

(4)

Depositors

Product

Due to -

Total

31.12.2024

LKR '000

(Audited)

33,376,584

63,139,792

168,759,465

11,665

2,072

265,289,578

384,784,916

33,327,684

63,139,792

168,678,814

11,665

2,072

265,160,027

32,200,537

67,094,002

186,636,307

11,750

2,097

285,944,693

5,562,000

17,552,595

104,216,238

-127,330,833

413,275,526

Group

31.03.2025

LKR'000

384,655,365

31.12.2024

LKR '000

(Audited)

Foreign Currency

Demand deposits (current accounts) 4,848,708 4,848,708

Savings Deposits 18,170,943 18,170,943

Fixed Deposits 96,475,687 96,475,687

Call Deposits - -

Certificate of Deposits - -

119,495,338 119,495,338

product -Domestic currency

Demand deposits (current accounts) Savings Deposits

Fixed Deposits Call Deposits

Certificate of Deposits

31.03.2025

LKR'000

32,148,315

67,094,002

186,526,685

11,750

2,097

285,782,849

5,562,000

17,552,595

104,216,238

-127,330,833

413,113,682

Bank

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 31 March 2025.

Financial Instruments Carried at Fair Value

Bank/Group

Level 1

Total Level 1

Total

LKR '000

As at 31.03.2025

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 - 399,363 - 399,363 - 224,298 - 224,298

Financial Assets at Fair Value through Profit or Loss 7,883,419 6,786,781 - 14,670,200 9,581,283 7,613,476 - 17,194,759

Financial Assets at Fair Value through Other Comprehensive Income 88,575,493 44,488,559 166,956 133,231,008 70,244,123 36,603,913 166,841 107,014,877

96,458,912 51,674,703 166,956 148,300,571 79,825,406 44,441,687 166,841 124,433,934

Financial Liabilities

Derivative Financial Instruments - 188,217 - 188,217 - 372,084 - 372,084

188,217

372,084

Fair Value of Financial Instruments Carried at Amortised Cost

Bank

As at 31.03.2025

As at 31.12.2024 (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

Financial Assets Debt Instruments

93,227,501

41,767,769

66,147,372

107,915,141

96,796,064

42,054,869

69,700,367

111,755,236

Loans and Advances to Customers- Gross

340,377,763

340,847,925

308,858,789

309,227,141

433,605,264

41,767,769 406,995,297

448,763,066

405,654,853

42,054,869

378,927,508

420,982,377

Financial Liabilities Due to Customers

413,275,526

415,369,119

384,784,916

386,373,873

Due to Other Borrowers

10,378,527

9,111,275

Debt Securities Issued

6,107,241

6,394,972

5,979,693

6,080,887

429,761,294

432,142,618

399,875,884

401,566,035

Group

As at 31.03.2025

As at 31.12.2024 (Audited)

Amortised Cost

Level 1

Level 2

Level 3

Total Fair

Amortised

Level 1 Level 2 Level 3

Total Fair

LKR '000

Value LKR '000

Cost LKR '000

Value LKR '000

Financial Assets

Debt Instruments 93,227,501 41,767,769 66,147,372 - 107,915,141 96,796,064 42,054,869 69,700,367 - 111,755,236

Loans and Advances to Customers- Gross 340,377,763 - 340,847,925 - 340,847,925 308,858,789 - 309,227,141 - 309,227,141

433,605,264 41,767,769 406,995,297 - 448,763,066 405,654,853 42,054,869 378,927,508 - 420,982,377

Financial Liabilities

Due to Customers 413,113,682 - 415,206,944 - 415,206,944 384,655,365 - 386,244,322 - 386,244,322

Due to Other Borrowers 9,778,791 - 9,778,791 - 9,778,791 9,118,377 - 9,111,275 - 9,111,275

Debt Securities Issued 6,107,241 - 6,394,972 - 6,394,972 5,979,694 - 6,080,887 - 6,080,887

428,999,714

431,380,707

399,753,436

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

Total AC

Total

LKR '000

As at 31 March 2025 FVPL FVOCI

LKR '000 LKR '000

As at 31 December 2024 (Audited) FVPL FVOCI

LKR '000 LKR '000

Financial Assets

Cash and Cash Equivalents 24,073,258 - - 24,073,258 20,814,294 - - 20,814,294

Balances with Central Bank of Sri Lanka 1,565,303 - - 1,565,303 1,183,473 - - 1,183,473

Placements with banks 3,559,701 - - 3,559,701 2,472,925 - - 2,472,925

Reverse Repurchase Agreements 273,618 - - 273,618 2,389,147 - - 2,389,147

Derivative Financial Instruments - 399,363 - 399,363 - 224,298 - 224,298 Financial Assets Recognised through Profit or Loss - Measured at Fair Value - 14,670,200 - 14,670,200 - 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

- - - - - - -

- 133,231,008 133,231,008 - - 107,014,877 107,014,877

Financial Assets at Amortised Cost - Debt Instruments

93,227,501

96,796,064

Financial Assets at Amortised Cost - Loans and Advances

318,661,837

287,362,553

Total Financial Assets

441,361,218

15,069,563

133,231,008

589,661,789

411,018,456

17,419,057

107,014,877

535,452,390

Financial Liabilities

Due to Banks

39,515,018

27,403,357

Derivative Financial Instruments

188,217

372,084

Financial Liabilities at Amortised Cost

Due to Depositors

413,275,526

384,784,916

Due to debt securities holders - Repurchase Agreements

28,553,679

21,985,170

Due to Other Borrowers

10,378,527

9,111,275

Debt Securities Issued

6,107,241

5,979,693

Total Financial Liabilities

497,829,991

188,217

498,018,208

449,264,411

372,084

449,636,495

Group

As at 31 March 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 24,073,261 - - 24,073,261 20,814,297 - - 20,814,297

Balances with Central Bank of Sri Lanka 1,565,303 - - 1,565,303 1,183,473 - - 1,183,473

Placements with banks 3,559,701 - - 3,559,701 2,472,925 - - 2,472,925

Reverse Repurchase Agreements 273,618 - - 273,618 2,389,147 - - 2,389,147

Financial Assets Recognised through Profit or Loss - Designated at fair value

Financial Assets at Fair Value through Other Comprehensive Income

- - - - - - -

- 133,231,008 133,231,008 - - 107,014,877 107,014,877

Financial Assets at Amortised Cost - Debt Instruments

93,227,501

96,796,064

Financial Assets at Amortised Cost - Loans and Advances

318,661,837

287,362,553

Total Financial Assets

441,361,221

15,069,563

133,231,008

589,661,792

411,018,459

17,419,057

107,014,877

535,452,393

Financial Liabilities

Due to Banks 39,515,018

39,515,018

27,403,357

Derivative Financial Instruments -

188,217

372,084

Financial Liabilities at Amortised Cost

Due to Depositors 413,113,682

413,113,682

384,655,365

Due to debt securities holders - Repurchase Agreements 26,046,840

26,046,840

19,528,900

Due to Other Borrowers 9,778,791

9,778,791

9,118,377

Debt Securities Issued 6,107,241

6,107,241

5,979,693

Total Financial Liabilities 494,561,572

188,217

494,749,789

446,685,692

372,084

447,057,776

Note

AC - Financial Instruments 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

31.03.2025

31.12.2024

31.03.2025

31.12.2024

Regulatory Capital (LKR '000)

Common Equity Tier 1

69,612,789

70,822,110

71,871,921

73,081,874

Core (Tier 1) Capital

69,612,789

70,822,110

71,871,921

73,081,874

Total Regulatory Capital Base

73,941,652

74,851,471

76,200,783

77,111,235

Regulatory Capital Ratios (%) Common Equity Tier 1 Capital Ratio (%)

(Minimum Requirement - 7.00%)

18.80

20.87

19.39

21.47

Tier 1 Capital Ratio (%)

(Minimum Requirement - 8.50%)

18.80

20.87

19.39

21.47

Total Capital Ratio (%)

(Minimum Requirement - 12.50%)

19.96

22.05

20.56

22.66

BASEL III Leverage Ratio (Minimum Requirement - 3%)

11.22

12.57

11.59

12.96

Regulatory Liquidity

Total Stock of High-Quality Liquid Assets (LKR '000)

210,008,307

210,135,367

Liquidity Coverage Ratio (%) (Minimum Requirement: 100%)

Rupee

418.00

447.74

All Currency

270.00

320.56

Net Stable Funding Ratio (%) (Minimum Requirement : 100%)

146.56

154.73

Assets Quality

Impaired Loans (Stage 3) Ratio % *

1.38

1.60

Impairment (Stage 3) to Stage 3 Loans Ratio (%)*

61.93

60.55

Income and Profitability

Net Interest Margin (%)

6.51

6.94

Return on Assets (before tax) (%)

4.36

4.92

4.46

5.00

Return on Equity (%)

20.60

24.67

20.45

24.22

Cost to income ratio (%)

32.22

34.02

31.76

33.72

Net Assets Value Per Share (LKR)

241.56

232.54

249.71

240.37

Memorandum Information

Credit Rating

A(lka)

Number of Employees

2445

2455

2464

2473

Number of Branches

Market Price Per Share (LKR)

Voting

Non-Voting

31.03.2025

31.12.2024

31.03.2025

31.12.2024

(Quarter ended)

Highest

214.00

189.75

349.75

225.00

Lowest

172.50

123.00

180.00

127.00

Last Traded Price

190.00

186.50

270.25

215.50

*Including Undrawn Portion of Credit.

DEBENTURE INFORMATION

The rated, unsecured, subordinated redeemable debentures 2019/24 G 2019/26 of the Bank are listed on the Colombo Stock Exchange.

Debenture Categories

CSE Listing

Interest Payable Frequency

Issued Date

Maturity Date

Balance as at 31.03.2025

LKR '000

Balance as at 31.12.2024

(Audited)

LKR '000

Market Values for the Quarter Ended 31.03.2025

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

31.03.2025

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

Not traded during the current period

12.90

8.71

9.42

10.11

Not traded

Fixed Rate

N/A

Semi -Annually

9-Jul-21

9-Jul-26

449,760

N/A

8.90

9.10

8.61

9.27

7.43

N/A

Fixed Rate

N/A

Annually

9-Jul-21

9-Jul-26

3,550,240

N/A

9.15

8.61

9.27

7.43

N/A

Total Debentures

5,800,000

Ratios of Debt

31.03.2025

31.12.2024

* Debt/Equity Ratio (%)

Interest Cover (Times) Quick Asset Ratio (%)

14.77

25.63

124.37

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

Banking

Treasury Functions

Others

Unallocated/ Eliminations

Total Group

For the Three months ended 31March

2024

LKR '000

Net Interest Income Inter Segment

Total revenue from external customers

3,209,446

1,612,689

4,822,135

Net Fee and Commission Income

1,752,529

Net Gains/(Losses) from Trading

293,924

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 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

-450,577

7,319,165

666,048

6,653,117

Depreciation of Property, Plant and Equipment

Depreciation of Right of Use (ROU) Assets Amortisation of Intangible Assets

46,757

120,830

72,842

Capital Expenditures Property and Equipment

Other Intangible Assets

13,407

3,428

Total Assets (as at)

290,004,274

Total Liabilities (as at)

342,800,712

4,043

2,733

341,402,019

419,749,158

-378,268

6,452,143

442,412

6,009,731

51,525

100,835

64,100

2,543,065

1,350,497

3,893,562

1,882,407

297,906

2025

LKR '000

2024

LKR '000

5,845,680

(1,612,689)

4,232,991

19,315

(3,685,376)

161,801

562,056

(142,456)

-3,038,186

4,186,517

(107,704)

4,294,221

1,641

-13,512

-213,179,314

69,702,597

1,348

-270,703,864

84,562,944

(450,180)

676,294

181,970

-(638,960)

5,812,432

3,108

5,809,324

2,534

-10,950

6,756,993

(1,350,497)

5,406,496

24,353

612,459

2025

LKR '000

2024

LKR '000

64,400

-64,400

86,117

-150,517

4,803

1,409

-2,722,494

110,891

-3,065,687

123,128

-166,577

4,797

700

55,167

-55,167

111,410

2025

LKR '000

2024

LKR '000

(27,454)

-(27,454)

39,830

32,763

-1,143

46,282

-46,282

6,464

(24,040)

331

9,429

11,680

(12,409,397)

15,874,430

85,430

209,044

(14,326,875)

13,846,510

-(461)

(58,954)

-(58,954)

9,527

-(699)

(75,022)

-(75,022)

28,721

(12,192)

2025

LKR '000

2024

LKR '000

9,092,072

-9,092,072

1,897,791

(3,358,689)

161,801

562,056

(142,456)

-3,489,906

11,702,481

558,344

11,144,137

59,665

98,199

86,716

22,836

15,108

493,496,685

428,488,630

90,821

211,777

600,844,695

518,281,740

(450,180)

676,294

181,970

-(261,153)

12,372,198

445,520

11,926,678

68,383

101,535

74,386

9,280,203

-9,280,203

2,046,891

898,173

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 31.03.2025, the Company 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) .
Recent communication from 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 are no material events that took place after the reporting date which require adjustment to or disclosure in these Financial Statements.

NATIONS TRUST BANK PLC SHAREHOLDERS' INFORMATION

Twenty Largest Shareholders as at 31 March 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

5,719,946

2.00

Hatton National Bank PLC - Capital Alliance Quantitative Equity Fund

4,798,747

1.68

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

1,318,631

0.46

Invenco Capital (Private) Limited

1,028,997

0.36

Mr. M.A. Jafferjee

974,377

0.34

DFCC Bank PLC A/C NO 02

967,312

0.34

Mr. W.G.D.C. Ranaweera

912,228

0.32

Peoples Leasing G Finance PLC/ Mrs. M.E.Amarasinghe

911,721

0.32

Akbar Brothers (Pvt) Ltd A/C NO 1

848,178

0.30

237,860,766

83.15

Others

48,155,141

16.85

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

8,091

0.02

Miss. T.T. Weerasinghe

7,368

0.02

Mr. H.P. Savidu

5,786

0.01

Mr. K.S.N. Hirdaramani

4,824

0.01

Mr. A.K. Gunaratne

4,089

0.01

44,514,174

99.77

Others

107,401

0.23

Total

44,621,575

100.00

	31.03.2025
	Number	%
Number of shareholders representing the public holding (Voting)	6,723	35.79
Number of shareholders representing the public holding (Non-Voting)	451	0.98
Compliant under Option 1 - Float Adjusted Market Capitalization	LKR. 19.56 Bn

Directors' Holding in Shares as at 31 March 2025

Name of the Director

No of Shares

Voting

Non-Voting

Mrs. R.S. Cader

Ms. R.D. Rajapaksa

Mr. N.I.R. De Mel

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

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