Nations Trust Bank enables growth of SMEs

30 August 2021 02:43 am Views - 186

Nations Trust Bank (NTB) has sought to position itself as a partner to the small and medium enterprise (SME) sector, supporting SMEs for long-term prosperity, in the role of a responsible financial intermediary.


“NTB has embraced its duty to support the SME sector and partner them in their long-term growth journey. We use a combination of tailor-made financing packages, digital technology, cutting-edge banking solutions and advisory services to uplift SMEs backed by a suite of cash management products and services designed to help businesses,” NTB Senior Vice President Commercial Banking Arosha Liyanaarachchi stated. 


NTB’s unique solutions for the SME sector are designed in a way to make each SME business a value creator to the national economy and facilitate those businesses to achieve success and continue to thrive with a long-term plan. The bank works closely with SME businesses with high potential by offering them continuous professional advice and guidance as well as various financial solutions based on the specific needs of the different stages of the business life cycle. This also includes efficiency improvement tools to streamline their administrative work, which enables smooth and efficient workflows and allows owners to focus on developing their core business.  


NTB’s liquidity solutions aim to help businesses to optimise its cash generation cycle, increase efficiencies across business and build a database of all financial activities where financial information can be extracted with ease of convenience, thus effectively making SMEs a bankable community with required financial information. It also allows companies to integrate their ERP systems with the bank’s digital banking services.


“Our products and services enable SMEs to become strategic and more effective with their working capital and liquidity management, in a digital-driven era. NTB’s advisory services include matchmaking with large corporates, guidance on seamless succession planning, related diversification, strengthening of capital, long-term planning and enabling SMEs to unlock export markets,” Liyanaarachchi added.