Nations Trust Bank PlcCSELK: NTB.N0000

Interim Financial Statements for the Three months ended 31st March 2025

May 14, 2025 at 10:21 AM UTC · Issued by Nations Trust Bank PLC

TRUST IN BETTER.

Interim Financial Statements

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

NationsTrustBank

Nations Trust Bank PLC records strong 1Q 2025 Performance

Proñt After tax of LKR 4Bn. up 8% YoY
Net Stage 3 Ratio of1.4%
Total Capital Adequacy Ratio of 20.56 %,
Return on Equity 20.45%

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

Nations Trust Bank, Director & Chief Executive Officer, Hemantha Gunetitfeke, 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 Bank's financial performance is supported by its strong capital buffers, with Tier I Capital at 19.39% 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 20.450/o,while its Earnings Per Share for the three months ending 31 tMarch 2025 increased to LKR 12.35, against LKR 11.42 recorded during the same period fast 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.

NATIONSTRUSTBANKPLC

INCOMESTATEMENT

Bank Group

Three Months Ended 31 Narch Three Months Ended 31 March

2025

LKR 'OOO

2024

LKR 'OOO

Change

¿%g

2025

LKR 'OOO

2024

LKR 'OOO

Change

/Bg

Gross Income

19,622,446

19,774,552

19,679,635

19,826,861

(1)

Interest Income

16,160,414

16,878,890

(

16,160,660

16,878,890

(4)

Less: Interest Expense

(6,955,708)

(7,854,558)

(6,880,457)

(7,786,818)

Net Interest Income

9,204,706

9,O243Z2

9,280,203

9,092,072

Fee and Commission Income

2,416,928

2,183,O44

2,473,871

2,235,353

Less: Fee and Commission Expense

(426,980)

(337,562)

(26)

(426,980)

(337,562)

(26)

Net Fee and Commission Income

989,948

1,845,482

2,O46,891

1,897,791

Net Gains/(Losses) from Trading

898,173

(3,358,689)

127

898,173

(3,358,689)

127

Net Fair Value Gains/(Losses) on Financial Assers at Fair

Value through Profit or Loss

(450,180)

161,801

(378)

(45OJ8O)

161,801

(378)

Net Fair Value Gains/(Losses) on Financial Liabilities or Fair

Value through Profit or Loss

Ner Gains/(Losses) on Derecognition of Financial Assers or

Fair Value through Profit or Loss

676,294

562,056

676,294

562,056

Ner Gains/(Losses) on Derecognition of Financial Assets at

Fair Value through Orher Comprehensive Income

181,970

(142,456)

228

181,970

142,456)

228

Net Gains/(Losses) on Derecognition of Financial Assets at

Amortised cost

Net Other Operating Income/(Loss)

(261,153)

3,489,9O6

(107)

(261,153)

3,489,906

(107)

Total Operating Income

12,239,758

11,582,432

12,372198

11,702,481

Impairment Charges/(Reversals)

445,520

558,344

445,520

558,344

Net Operating Income

11,794,238

11,024,088

11,926,678

11,144,137

Less: Operating Expenses

Personnel Expenses

2,171,660

1,936,110

1¿

2,181,318

1,943,536

(12)

Depreciation of Property, Planr and Equipment

54,443

48,730

12)

68,383

59,665

(15)

Depreciation of Right of Use (ROU) Assers

145,489

120,830

(2O)

101,535

98,199

(3)

Amortisation of Intangible Assets

74,352

86,685

74,386

86,716

Other Operating Expenses

1,498,134

1,463,699

(2)

1,503,785

1,468,933

(2)

Total Operating Expenses

3,944,078

3,656,054

(8)

3,929,407

3,657,049

(7)

Operating profit/(loss) before VAT D NBT on

7,850,160

7,368,034

7,997,271

7,487,088

financial services

Less: Value Added Tax (VAT} on financial services

1,689,231

1,575,658

1,689,717

1,576,223

Less: Nation Bui|ding Tox (NBT} on financial services

Operating profif/(loss) after VAT D NBT on financial

services

Share of profits of associates and |oint ventures

Profit / (loss) before Income Tax

6,160,929

5,792,376

6,307,554

5,910,865

Less: Income Tax Expense

2,179,034

2,094,324

2,22£,617

2134,781

(4)

Profit / (loss) for the Period

3,981,895

3,698,052

4,084,937

3,776,084

Profit Aftribufable to:

Equify Holders of the Bank

3,981,895

3,698,052

4,084,937

3,776,084

Non-Controlling Interest

Earnings per share on profit

Basic Earning Per Share (LKR)

12.04

11.34

12.35

11.58

Diluted earnings per ordinary shore (LKR)

12.04

11.18

12.35

11.42

NATIONS TRUST BANK PLC STATEMENT OF COMPREHENSIVE INCOME Bank

Three Months Ended 31 March

Group

Three Months Ended 31 March

	2OZ5 LKR 'OOO	2024 LKR '000	Change @/	ZO25 LKR '000	2024 LKR '000	Change /%g
Profit for the Period	3,981,895	3,698,052	8	4,084,937	3,776,084	8
Other Comprehensive Income/(Expense) thot 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 profirs of associates and ioinr ventures Net gains/(losses) on investments in debt instruments measured at fair value through other comprehensive income Changes in Impairment for Expected Credit Losses Less: Tax (Expenses) / Reversal relating to items that will be reclassified to income staremenr	313,259 (93,978)	1,465,651 (439,695)	{79) 79	313,259 (93,978)	1,465,651 (439,695)	(79) 79
	219,281	1,025,956	(79)	219,281	1,025,956	(79)
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 Sha re of profits of associates and joint ventures Less: Tax Expenses Related to the items that will not be reclassified to income sraremenr


Other Comprehensive Income for fhe Period, Net of Tax	219,281	1,025,956	(79)	219,281	1,025,956	(79)
Total Comprehensive Income for the Period, Net of Tax	4,201,176	4,724,008	(11)	4,304,218	4,802,040	(10)
Aftributoble to: Equity Holders of the Bank Non-Controlling Interest	4,201,176	4,724,008	(11)	4,304,218	4,802,040	(10)

NAT1ONS TRUST BANK PLC

STATENENT OF F1NANCIAL POSITION Bank

Group

As at

3LO3.2O2

LKR 'OOO

3LI2.2O24

LKR 'OOO

(Audlted)

Change

ASSETS

Cosh and Cosh Equivalents

24,072,258

20,814,294

Balances with Central Bank of Sri Lanka

1,565,303

1,183473

Placements with banks

3,559,701

2,472,925

Reverse Repurchase Agreements

273,618

2,389,147

(89)

Derivative Financial Instruments

399,263

224,298

Financial Assets Recognised through Profit or Loss - Measured at Fair Value

14,670,200

17,194,759

(15)

Financial Assets Recognised through Profit or Loss - Designated at Fair Value

Financial Assets at Fair Value through Other Comprehensive Income

133,231,OOB

107,014,877

Financial Assets at Amortised Cost - Debt Instruments

93,227,501

96,796,064

Financial Assets of Amortised Cost - Loans and Advances

318,66L837

287,362,553

Other Assets

2,500,086

2,484,475

Investments in Subsidiaries

67B,71O

678,710

Investments in associates and |oint ventures

Property, Plant Ez Equipment

3,506,726

3,018,207

Investment properties

Right of Use (ROU) Assets

2034,716

1,284,*57

Goodwill 6 Intangible Assefs

1,343,651

1,408,*51

(5)

Deferred Tax Assets

1,170,098

1114,316

Total Assets

601.285.N6

545,441,006

LIABILITIES

Due to Bonhs

39515,018

27,402,357

Derivative Financial Instruments

188,217

372,084

(49)

Financial Liabilities Recognised through Profit or Lass - Measured at Fair Volue

Financial Liabilities Recognised through Profit or Loss - Designated at Fair Volue

Financial Liabilities at Amortised Cost

Due ro Depositors

412,275,526

384,784,916

Due to debt securities holders - Repurchase Agreements

Z8,553,679

21,985,170

Due to Other Borrowers

1O,37B,527

9,111,275

Debt Securities Issued

6,107,241

5,979,693

Retirement Benefit Obligations

1,512,004

1,457,883

Current Tax Liabilities

5,558,227

4,590,390

Due to subsidiaries

Other Liabilities

16,33B,793

12,869,931

Total Llablllties

521,427,232

468,554,699

E@LIITY

Stated Capitol

13,007,641

12,106,272

Statutory Reserve Fund

3,610,418

Retained Earnings

55,76B,743

53,907,156

OCI Reserve

6,421,002

6,201,721

Revaluation Reserve

1,060,740

Totol Shareholders' Equity

79,868,544

76,886,307

Non-controlling interests

Total Equity ond Liabilities

601,295J76

545441,006

Contingent Liabilities and Commitments

439,378515

406,713119

Memorandum Information

Number of Employees

Number of Branches

2,445

Number of Off-Site ATMs ond CRMs

3tO3.2025

LKR 'OOO

3112.2024

LKR 'OOO

(Audlted)

Change 96

24,073,261

20,814,297

1,565,303

1,183,473

3,559,701

2,472,925

273,618

2,389,147

189)

399,363

224,298

14,670,200

17,194,759

(15)

132,231,008

107,014,877

93,ZZ7,5O1

96,796,064

(4)

318,661,837

287,362,553

2,519,256

2,493,084

4,557,773

4,0B3,195

1,841,882

1,284,746

1,344,092

1,408,927

(5)

919,900

863,450

600,844.665

545,585,765

39,515,018

27,402,257

188,Z17

372,084

(49)

413,112,682

384,655,365

26,046,840

19,528,900

9,778,791

9,11B,377

6,107,241

5,979,693

1,523,968

1,469,219

5,617,940

4,640,244

16,390,644

12,941,381

51B,282,341

466,108,720

13,007,641

12,106,272

3,610,418

3,61O,41B

57,881,160

55,916,531

6,421,002

6,201,721

1,642,133

82,562,354

79,477,075

600,844,695

545,585,795

439,37B,515

406,713,119

2,473

Note: Amounts stated are net of impairment and depreciation.

CERTIFICATION :

I certify thot these financial statements comply wirh rhe requirements of the Companies Act No. 07 of 2007.

Sgd.

Kushlani Allis

Chief Finonciol Officer

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

(o) the obove Ono nciol stotements hove been prepo red in complionce with the tormot ond definitions prescribed by the Centrol Bonk of Sri Donko;

(b) the information contained in these financial statements has been extracted from the unoudited financial statements of the Bank and the Group, unless indicated as audited.

Sgd.

Sherin Coder Chairperson

Sgd.

Coralie Pietersz Director

Sgd.

Hemontho D Gunetilleke Executive Director/Chief Executive Officer

09 May 2OZ5

Colombo

NATIONS TRUST BANK PLC STATES IENT OF CHANGES TN EQUITV

Total

Totat Comprehensive IncDme for the f'eriod Profit/‹ioss› ror the year (net or tax› other comprehensive Income (net or tax

Share options exercised

Dividend paid for 2023

Fractions of shares paid in cash for 2023

Share options exercised

Gan/toss)onreva1uaflonofPoge1y,Pantand DiWdendpadfor2D24

1,O34

N932T

3,373,1:f4

92,188

(1,034)

122,23

3,698,052

‹£597,825)

(283)

3,BB1.BB5

i,025,956

B46,123

6,20:L721

LO6O,74O

5RB45,O54

{9t8,427) (283)

I6,886,3OI

(1,218,33B)

3,61O,*M

GROUP

As at Ot. January 2025

Share options exercised

Profit transferred to head office

Fractions of shares paid in cash for 2023

i*ng Shares to Voting Shares

Stated Capital

O3*

3,373,1t4

92,188

StatuByRee‹we ReaiedEanigs OClReserve

4,8020 O

3,808,263

(283)

8,642,Oy2

2283,B05

65,008,*87

4Z,80t4€

ioiat

{918,427)

(283)

Share options exercised

Profit transferred to head office

DiWdendpadfor2024

U9327

122,25

3,6l0,4M

6,20:L721

78,4T7,O75

(1,218,338)

Z,8l04M

8.4ZtOOZ te^2,ua

5I,88tIBO

NATIONS TRUST BANK PLC

STATEMENT OF CASH FLOWS

Bank

Three Nonths Ended 31 Narch

Group

Three Nonths Ended 31 March

2025

2O24

zozs

2o24

LKR 'OOO

Cash Flows from Operating Activities

Receipts ot Interest Income

14,554,041

15,783,957

14,554,287

15,783,057

PaymentsofIuterestExpense

(4,847,266)

‹8,oss,oizj

(4,772,037}

(7,986,272)

Receipts of Fees and Commission tncome

2,551,939

2,276,295

2,608,883

2,328,604

Payments of Fees and Commission Expense

(426,680)

(337,562)

(426,080)

(337,562)

Net Trading Income / (Loss)

539,241

(2,263,361)

539,241

(2,263,361)

Realised gain on safe of financial assets at FVTPL

676,294

562,056

676,294

562,056

Realised gain on safe of financial assets at FVOCI

181,970

(749,805)

181,970

(749,805)

Gratuity Payments

(38,611)

(31,985)

(38,612)

(31,985)

Receipts from Net Other Operating Income

321,4B1

(709,039)

321,481

(709,039)

Payments for Operating Expenses

(3,087,466)

(2,728,657}

(3,080,563)

(2,741,22B)

Payments for VAT and SSCL on Financial Services

(1,743,165)

(1,476,031)

( 745,664)

(1,476,589)

Operating Profit before Changes In Operating Assets and Liabilities

B,6e1,456

2,269,856

eaiaaoo

2,376,775

(Increase)/Decrease in Operating Assets

Balances with Central Bank of Sri Lanka

(381,830)

647,884

(381,830)

647,8B4

Placements with Banks

(1,086,776)

51,766

(1,086,776)

5L766

Reverse Repurchase Agreements

2,107,883

1,500,000

2,107,883

1,500,000

Financial Assets - at Fair Value through Profit or Loss

2,713,687

(4,896,269)

2,713,887

(4,896,269)

Financial Assets - at Fair Value through Other Comprehensive Income

(24,400,344)

2,528,910

{24,4OO,3W)

2,528,910

Financial Assets - at Amortised Cost - Debt Instruments

3,041,338

6,864,452

3,041,338

6,884,452

Financial Assets - at Amortised Cost - Loans 8 Advances

(31,083,798)

(1,304,604)

(31,083,798)

(1,304,604)

Other Assets

(445,115)

(33,616)

(445,115)

(45,496)

(Increase)/Decrease in Operating Assets

(40,534,755)

5,388,523

(46,534,755)

5,376,643

Increase/(Decrease) in Operating Liabilities

Financial Liabilities - at Amortized Cost - Due to Debt Securities holders

(Repurchase Agreements)

6,493119

11,997,828

6,442,549

10,159,705

Financial Liabilities - at Amortised Cost - Due to Depositors

25,738,378

(6,100,261)

25,706,084

(4,351,086)

Financial Liabilities - at Amortised Cost - due to other borrowers

10,212,810

(24,626,100)

10,212,810

(24,626,100)

Other Liabilities

2,870,554

(1,405,931)

2,850,965

(I,4O3,79O)

Increase/(Decrease) in Operating Liabilities

45,314, 61

(20,134,464)

45,212.408

(2O,221,271)

Net Cash Generated from Operating Activities before income Tax

4,461,562

(12,476,085)

4,495,953

(12,467,853)

income Tax Paid

(1,860,957)

(2,015,195)

(1,395,348)

(2,055,274)

Net Cash (Used in)/from Operating Activities

3,100,605

(14,481,280)

3,1OO,6O5

(t4,523,129)

Cash Flows from investing Activities

Purchase of Property, Plant and Equipment

(90,619)

(27,900)

(90,619)

(27,900)

Proceeds from Safe of Property, Plant and Equipment and Intangible Assets

Purchase of financial investments

Proceeds from the safe 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

(9,552)

76,876)

(0,552)

(76,076)

Net Cash (Used in)/from Investing Actlvltles

(1OOJ7I

(104,863)

(100,171)

(104,863)

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

(2L56O)

(21,560)

(22,677)

Receipt in Other Borrowed Funds

39,976

Repayment of Other Borrowed Funds

(384)

(1,205,576)

(364)

(1,205,576)

Dividend paid to non-controlling interest

Dividend paid to holders of other equity instruments

Operating Lease Rentals Paid

(233,618)

(169,339)

(233,618)

(137,488)

Dividend paid to shareholders of the parent company

(1,Z18,939)

(918,709)

‹i,2ui,939)

(918,710)

Net Cash (Used in)/from Financing Activities

(1,474,511)

(2,276,325)

(1,474,511)

t2,2H,475)

Net Increase/(Decrease) In Cash and Cash Equivalents

1,525,923

(16872,468)

1,525,923

(16,872,465)

Cash and Cash Equivalents at the Beginning of the Period

20,299,441

39,545,578

20,299,444

a9,s4s,s7

Cash and Cash Equivalents at the End of the Period

21.825.364

22.673.110

21.825,367

22.673,113

Reconciliation of Cash and Cash EquivaleMs Cash in Hand

9,260,471

1O,425,7O8

9,260,474

10,425,711

Balances with Banks

14,816,037

I3,6O8,O11

14,816,037

13,608,011

Money at Call and Short Notice

Deposits from Other Banks

(2,251144)

(t36O,6O9)

(2,251,144)

(1,360,609)

21,825,364

22,673,110

21,820,367

22,673,113

uazlons znusz axnr nLc

ANALYSIS OF LOANS 8+ ADVANCES, COMfdITMENTS, CONTINGENCIES AND IMPAIRMENT

3LO3.2025

3112.2024

(Audited)

5,3Z5

1*,699

85,059350

61,T193O6

48,559,935

*Z,955,178

93,285358

8T,27ZJ5$

3,880,975

3,B18I52

22,B3t,A23

23,1o9,N5

239y6,O0O

24,A16,655

1,185

1,184

Z6Z,B1T

Z62,B1T

2T2,B62.158

2#*,5TOS2O

3,056,391

3,209,756

By product - Domestic currency

Overdrafts

StaF Loans

Rae mnwD reeivabe

Pawning

Other Advances

Overdrafts

3103.2O2Z

3112.2OZ4

674,T00

582,OA8

2O,81*,3Z4

2O,5T5,648

*,O7T,Z86

3,545,*O6

8,606,84

T,35O8ZO

*,62O,3*8

26O,O1T

2Ol,58I,460

210,783,304

2AZ,O8T,25Z

488,804

388,397

l325,8AO

1,BQOPt2

i,03i,222

1,446,3BB

1T26,364

167,881,316

IAO,2OT,408

Z6,O7O,OBZ

43B478,5U

4O8,7U,1JB

By product - Domestic currency

Bonds

ForwardCoutractstobuy/sell-FixedlncomeSecurities

By product - Foreign currency

Guarantees Bands

Le?ersofCredit

Forward Exchange Contracts

Total

3103.202s

31i2.2OZ4

(11,794752)

757,40S,78S

603, ¿35

(3) Stag$-wl$$Impakm$utouLoan$&Advauc$s,CommTtmeut$and Condngenees

(Less: Accumuated Imparment under; (Note IU

Sage 1

Stage 2

Stage 3

Net Vale of Loans and Advances, Commkments and Contngences

(3.U

movement In Impairment durlng the period

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

Effect on Ohange in Exchange rates

Ctoalng balance

Banlc/Group

Stage 2

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

2025

2024

4,237,137

3,806,O6t

428,800

452,612

2,22B

#.237.IZT

9.265

6324,B32 (80,023

4e8s.s8a

12,iT9,282

49,050

1,395,42

4,075

1t,70S.752

Effect on Change in Exchange rates

closing balance

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

Effect on Ohange In Exchange rates

Closing balance

" 2OZ5 reflects the figures for 3 months ended 3LO3.2OZ5 and ZOZ4 reflects the figures for IZ months ended 3t.AZ.ZOZ4.

NATIONS TRUST BANK PLC ANALYSIS OF DEPOSITS

(4) Due to Depositors - By Product

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

31.03.2025 LKROOO	31.12.2024 LKR 'OOO (Audited)
32,200,537	33,376,584
67,094,002	63,139,792
186,636,307	168,759,465
11,750	11,665
2,097	2,072
285,944,693	265,289,578
5,562,000	4,848,708
17,552,595	18,17O,943
104,216,238	96,475,687
127,330,833	119,495,338

413,275,526	384,784,916

Bank

31.O3.2O25 LKR'OOO	31.12.2O24 LKR 'OOO (Audited)
32,148,315	33,327,684
67,094,002	63,139,792
186,526,685	168,678,814
11,750	11,665
2,097	2,072
285,782,849	265,160,027
5,562,000	4,848,708
17,552,595	18,1TO,943
104,216,238	96,475,687
127,330,833	119,495,338

413,113,682	384,655,365

Group

uAzious zRusz aAnr PLc

FAIR VALUE OF FINANCIAL INSTRUMENTS

Fair Value ofi 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 Z - 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 alt significant inpuM are observable.

Level 3 - valuation techniques with significant unobservab£e 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 ZOZ4. The Group has not changed the valuation models and assumptions used to measure the fair values of Level O3 financial instruments during the period ended 31 March 2O25.

Financial Instruments Carried at Fair Value

Asat3£O3.ZOZ5

Level2 Level3

Total

Financial Assets measured at Falr Vatue

224,29B

224,Z9B

Financial Assets at Fair Vatue through ProfJt or Loss

7,883 I9

6@B6/Bl -

l,67O,2O0

9,581,2B3

7,613,476

17,194,759

Financial Assets at Fair Vatue through Other Comprehensive Income

88575,493

4 488559 166,956

133.Z3I,0O8

70,244,123

36,603,913

166,841

107,014,877

96,45B,912

5t6T*,7O3 166,956

1*8,3OO,S71

79,B25,SO6

44,441,687

166,BS1

124,S33,93S

Financial Liabilities

Derivative Financial Instruments

188.27

188.217

372,O84

3T2,084

1BB,217

372,o84

3T2,O84

Bank

As at3£03.ZO25 Level2

Value

Amonlsed

Cost

As at3t.12.2024 (Audited)

Level 1 Level 2 Level 3

Total Fair

Value

Financat Assets

Debt Instruments

93,227,50i 41,76T,T69 6634T,OT2

107915,141

96,796,064

42,054,869 69.700,367

111,T55.236

34O,37T,763 34O,84T,P25

34O,84T,P25

3OB,85B,789

309,227,141

3OP,22T341

4Z3.605,26* *I,T6T,T68 *O6,8B5,29T

48,T63,O66

405,654,853

4Z,O54,B6B 378,BZ7,SOB

*20,882,3TT

FiuanGatLiabiUties DuetoCunomers

413,Z75,5Z6 415,36P31P

4I5,36 9,119

384,T84,916

ouetoOtherBorrowers

10,378,527 iO3I8,fl2y

yO,378,527

9llI,2Y5

9jll,2?5

9, 111,275

6,107,241 6.394,9T2

6.394.972

6,080,887

6,O8O,8B7

432,142,618

*Oi,566,O35

4ot,s6s,oas

Group

Levels

As at 3103.ZOZ5

Total Fair

Value

Amortised Cost

As at 31.12.ZOZ4 (Audited)

Level 1 Level 2 Level 3

Total Fair Value

Financial Assets

P3,Z2T,SOI

41,767,769

6634T,3TZ

IOT,P15,1A1

96,796,064

AZ,O54,B69 69,700,367

111,755,236

LoansandAdvancestoCusomers-Gross

04O3N,763

3AO,847,925

34O,847,P25

3OB,85B,789

3O9,2Z7,141

309,227,141

Z3,6O5,26*

4I,767,T69

406,995,297

448,763,066

405,654,853

42,054,869 378,927,508

420,982,377

Flnanclat Llabltltles

Due to Customers

613,113, 682

*1S,2O6,944

4tS,2O6.94*

386244,322

386,244,322

DUE tO Other Borrowers

931t,275

9Jt1,ZY5

Debt Securities Issued

6107,241

6,394,972

6,0808B7

6,OB0B8T

428.999714

431,38O,7O7

431,38O7O7

*O1,436¿84

*O1,*36,*84

Assets and Liabltltles where falr value approximates carrying value

For below listed financial assets and l1abi£ities with short-term matur1ties or with short-term re-pricing intervals, it is assumed chac the carrying amounts approximate to their fair value.

FiuanciatAssen

Cashand Cashequivaleots BaaoceswithCentalBankotSriLanka

MnancalLaMlTWes

DueiObauks

NATIONSTRUSTBANKPLC

ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS Bank

As at 31 March ZOZ5

As at 31 December 2OZ4 (Audited)

LKR'OOO

FVPL

LKR'OOO

FYOCI

LKR'OOO

Tota

LKR 'OOO

LKR'OOO

FVPL

LKR'OOO

FVOCI

LKR'OOO

Tea

LKR'OOO

Financial Assets

Cosh and Cosh Equivalents

24,073,258

2O,81A,294

20,814,294

Balances with Central Bank of Sri Lanka

1,565,303

1,183,473

1,183473

Placements with banks

3,559,701

2,47Z,925

2,472,925

Reverse Repurchase Agreements

273,618

2,389,147

2,389147

Derivotive Financial Instruments

899363

399,363

224,298

Finonciol Assets Recognised through Profit or Loss - Measured at Fair Volue

14,670,200

17,19,759

17194,759

Finonciol Assets Recognised through Profit or Loss - Designoted at fair value

Financial Assets at Fair Value through Other Comprehensive Income

133,231,008

107,016.877

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 Finonciol Assets

441,361,218

15,066,563

103,231,008

586,661,786

411,018,456

17,416,057

107,014,877

535,452,360

Financial Liabilities

Due to Banks

39,515,018

27,403,357

Derivative FinOncia||nstruments

188,Z17

372,084

37Z,084

Finonciol 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

21,985J70

Due to Other Borrowers

10,378,527

9,111,275

Debt Securities Issued

6,107,241

5,979,693

5,9T9,693

Total Finonciol Liabilities

467,826,661

188,217

468,018,208

440,264,411

372,084

448,636405

Group

As at 31 I•Iarch 2025

As at 31 December 2024 (Audited)

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	1,1B3,A73			1,1B3,473
Placements with banks	3,559,701			3,559,701	2,472,925			2,472,925
Reverse Repurchase Agreement	2T3,618			273,618	2,389,1A7			2,3B9,147
Derivative Financial Instruments		399,363		399,363		224,298		224,298
Financial Assets Recognised through Profit or Loss - Measured at Fair Volue		14,670,ZOO		14,67O,ZOO		17,19A,759		17,194,759
Financial Assefs Recognised through Profit or Loss - Designated at fair volue
Financial Assets at Fair Volue through Other Comprehensive Income			122,231,008	133,231,008			1O7,O1G,87	1O7,O14,BT/
Financia\| Assets at Amortised Cost - Debt Instruments	93,227,501			93,227,501	96,796,064			96,796,064
Finonciol Assets at Amortised Cost - Loans and Advances	318,66TB37			318,661,837	2B7,362,553			2B7,362,553
Total Financial Assets	441,361,221	15,066,563	133,231,008	588,661,782	611,018,458	l7,418,O57	107,016,877	535,452,383
Financial Liabilities
Due to Banks	39,515,018			39,515,018	27,403,357			27,403,357
Derivative Financial Instruments		188,217		188,217		272,084		372,084
Finonciol Liabilities at Amortised Cost Due to Depositors	413,113,682			413,113,682	384,655,365			384,655,365
Due to debt securities holders - Repurchase Agreements	26,046,840			26,O46,B4O	19,52B,9OO			19,52B,9O0
Due to Other Borrowers	9,N8791			9,778,791	9,118,377			9,118,277
Debt Securities Issued	6107,241			6,107,241	5,979,693			5,979,693
Total Finonciol Liabilities	484,56t572	188.217		464.746,786	446,685,602	37Z,OB4		447,057,776
Note
AC - Financial Instruments at Amortised cost
FVPL - Financial instruments measured of foir value through profit or \|oss
FVOCI - Financial instruments measured or fair volue through other comprehensive income

NATIONS TRUST BANK PLC

SELECTED PERFORNANCE INDICATORS (AS PER REGULATORY REPORTING)

Item

Bank

Group

31.03.2025

31.12.2024

31.03.2025

31.12.2024

Regulatory Capital (LKR 'OOO) Common Equity Tier 1

Core (Tier 1) Capita I

Total Regulatory Capital Base

69,612,789

73,941,652

7O,822J1O

74,851,471

71,871,921

76,200J83

73,081,874

77,111,235

Regulatory Capital Ratios (96) Common Equity Tier 1 Capital Ratio (°A)

(Minimum Requirement -7.0096)

18.80

20.87

19.39

21.47

Tier 1 Capital Ratio (%)

(Minimum Requirement - 8.5O°A)

18.80

20.87

19.39

21.47

Total Capital Rario (No)

(Minimum Requirement - 12.5O9'o)

19.96

22.05

20.56

22.66

BASEL III Leverage Ratio (Minimum Requirement - 3%)

1L22

12.57

11.59

12.96

Regulatory Liquidity

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

21O,OO8,3O7

210135,367

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

Rupee

418.OO

447.74

All Currency

270.OO

320.56

Net Stable Funding Ratio (%) (Minimum Requirement : 10096)

146.56

154.73

Assets Quality

Impaired Loans (Srage 3) Ratio °/6 "

1.38

160

Impairment (Srage 3) ro Srage 3 Loans Rario (°/6)"

61.93

60.55

Income and Profitability

Net Interest Margin (°4)

Return on Assets (before tax) (%)

6.51

436

6.94

4.92

4.46

5.OO

Return on Equity (%)

20.60

2467

20.45

24.22

Cost to income ratio (%)

32.22

34.02

3176

33.72

Net Assets Value Per Sha re (LKR)

241.56

232.54

249.71

240.37

Memorandum Information

Credir Rating

Number of Employees Number of Branches

A(lka)

2455

2464

2473

Market Price Per Share (LKR)

Voting

Non-Voting

31.03.2025

31.12.2024

31.03.2025

31.12.2024

(Quarter ended)

Highest

214.OO

189.75

349.75

225.OO

Lowesr

172.50

123.00

180.OO

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 D 2019/26 of the Bank are listed on the Colombo Stock Exchange.

Debenture Categories

CSE Listing

Interest Payable Frequency

7seued

a e

' '

Maturity

Batance as at

*' ** ** LKR 'OOO

g g y

n e

31d2.202*

(Audited)

LKR 'OOO

Narket Values for the Ouarter Ended

31.03.2025

Interest Rates

Interest Raee of Comparable Government Securlt1es

Other Ratios as at Date of Last Trade

Hlgheat LKR

Lowest LKR

Perlod End LKR

Coupon

Rate

Effective

Annual Yield S

31.03.2025

31.12.2024

Date

Interest

Yield

Yield to

Maturity

Fixed Rote

"NTB-BD-23/12/26 - C2442 -12.9

Annually

23-Dec-19

23-Dec-26

1,800,000

1,soO,ooo

NOT traded during the current period

12.9o

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

g.gO

9.10

8.61

9.27

7.G3

N/A

Fixed Rote

N/A

Annually

9-Jul-21

9-Jul-26

z,sso,z o

z,sso,z<>

hJ/A

9.15

8.61

9.Z7

7.43

N/A

Total Debentures

5,800,000

S,BOO,OOO

Ratios of Debt

31.03.2025

31.12.2024

'Detn/EquifyRoflo(X)

Interest Cover (Times) @uick Asset Ratio (56)

I4T7

25.63

124.37

15.21

14.71

133.76

" Borrowings of which original maturity with five years or more ore considered for debt. " BASEL III compliant Debentures.

Banking

NATIONS TRUST BANK PLC

SEGMENT 1NFORMAT1ON

Treasury Functions

Others

Unattocated/ Eliminations

YOMtGrOUp

For the Three months ended 31Narch	2025 LKR'OOO	2024 LKR 'OOO
Net Interest Income	2,543,065	3,209446
Inter Segment	1,350,497	1,61Z,689
Total revenue from external customers	3,893,562	,822,135
Net Fee and Commission Income	1,882,407	L752,529
Net Gains/(Losses) from Trading	297,906	293,924
Net Fair Value Gains/(Losses) on financial 4ssefis 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 Finonciol Assets at Fair
Value through Other Comprehensive Income
Net Gains/(Losses) on Derecognition of Finonciol Assets of
Amortised cost
Net Other Operating Income/(Loss)	378,268	450,577
Operating Income	6,452,143	7,316,165
Impairment Charge/(ReversoI)	44Z,412	666,048
Net Operating Income	6,009,731	6,653,117
Depreciation of Property, Plant ond Equipment	51,525	46,757
Depreciation of Right of Use (ROU) Assets	100,835	I2O,83O
Amortisation of Intangible Assets	64100	72,842
Capitol Expenditures
Property and Equipment	4,0 3	13,407
Other Intangible Assets	2,723	2,428
Total Assets (os at)	31,O2,O18	26O,OO4,274
Total Assets (os at)
Tofol Liabilities (as at)	419,749,158	342,800,712

2025

LKR'OOO

2024

LKR'OOO

6,756,993

5,845,680

(1,350,497)

(1,61Z,689)

5,4O6,4S6

2A,353

19,315

(3,685,376)

(45O1BO)

161,801

676,294

562,056

181,970

(142,456)

(638,960)

3,038,186

5,812,432

4,186,517

3,108

(107.704)

5,809,324

4,204,221

2,534

1,V1

10,950

13,S12

1,348

270,703,864

213d78,314

84,562,944

69,702,597

2025 LKROOO	2024 LKROOO
55,16T	64,400
55,167 111,*1O	6A,AOO 86117
166,577	150,517
166,577	150,517
4,797 700 35	4,803 1,409 31
3,065,687	2,722,404

123,1Z8	110,891

2025

LKR'OOO

2024

LKR'OOO

(75,022)

(27,454)

(75,OZ2)

28,721

39,830

(12,192)

32763

(58,654)

46,282

(58,654)

46,282

9,527

6,*64

(24,040)

(699)

331

B5,43O

9429

209,044

1L680

(14,326, B75)

(12,408,887)

13,846,510

15,B7*,4ZO

2025

LKR 'OOO

2024

LKR 'OOO

9,280,203

9,092,072

9,280,203

9,092,072

2,046,891

1,897,791

898,173

(3,358,689)

(450,180)

161,801

562,056

181,970

(142,456)

(261153)

3,489,906

12,372d88

11,702,481

445,520

558,344

11,926,678

11,144,137

6B,3B3

59,665

101,535

98,199

74,386

86,716

90,821

22,836

211,777

15,1OB

600,844,605

518,281,740

42B,48B,63O

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, £iabi£ities and/or contingent £iabiLities. A££ known expenditure items have been accrued.
The Group Financial Statements comprise a consolidation of the Bank and its fu££y owned subsidiaries: Wa£dock 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.
Inn pairment 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. Additiona££y, 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 hetd 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 hasprompted a reassessment of the recoverabi£ity of this balance. Based on this assessment, management has recognized an impairment provision against the receivable,

considering the current status of settlement.

(s) In terms of the Banking Act No.30 of 1998, as amended, John Kee£ls Group and Central Finance Group are to reduce their respective shares carrying voting rights to 159l> and the respective shareholders are required to take relevant action to comply with the said direction. Restriction on voting rights at 1096 each is app£icab£e to John Kee£fs Group and Central Finance Group untit the reduction of their respective holding to the prescribed levels

The funds raised through debentures were fu££y utilized for the objectives mentioned in the prospectuses.

(8) 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 klarch 2025

	Voting Shares
Name of the Shareholder	No. of Shares	% ho£dlng
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 Capitol (Private) Limited	10,650,309	3.72
J.B. Cocoshell (Pvt) Ltd	5,719,946	2.00
Hatton National Bank PLC - Capita\| A\|\|iance @uantitotive Equify 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.Somoiyo	1,615,175	0.56
Odyssey Capitol Partners (Private) Limited	1,318,631	0.46
Invenco Capital (Private) Limited	1,028,997	0.36
Mr. M.A. Jofferiee	974,377	0.34
DFCC Bank PLC A/C NO 02	967,312	0.34
Mr. W.G.D.C. Ranaweera	912,22B	0.32
Peoples Leasing O 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	36 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. Jafferiee	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 . Hirdoromoni	21,060	0.05
Mr. D. C . Fernando	17,919	0.04
Vinik (Pvt) Limited	14,740	0.03
People's Leasing S' Finance PLC/Mr. A.B.K. Weeraman	12,108	0.03
Mr. J. B . Hirdaramani	12,066	0.03
Mr. K.0.V.S.M.S.W \|esinghe	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
	44,514J74	8B.77
Others	107,401	0.23
Total	M,621,575	100.OO

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 Narch 2025

Name of the Director

No of Shares

Mrs. R.S. Cader

Ms. R.D. 8oiopokso 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.GunetiIIeke (Director/CEO) Dr. S. Jha

Mr. K.C. Subasinghe

Mr. A.K. Wignaraia Dr. (MRS) R.A. Perera Ms. M.C. Pietersz

Voting

Non-Voting

Earlier from Nations Trust Bank

All Nations Trust Bank news releases