NTB records strong 3Q24 performance with 24% ROE

Nations Trust Bank PLC reported a strong performance for the nine months ending 30th September 2024, achieving a Profit After Tax (PAT) of Rs. 12 billion, up 29 percent YoY.

Hemantha Gunetilleke, Director & Chief Executive Officer of Nations Trust Bank stated, “The bank’s results for the nine months ending 30th September 2024 reflect our sustained progress and expansion across various customer segments. 

Our robust capital position, strong liquidity buffers, effective risk management frameworks, and unwavering commitment to digital empowerment remain the core strengths propelling the Bank’s success.”

The bank’s financial performance is supported by its strong capital position, with Tier I Capital at 15.84 percent and a Total Capital Adequacy Ratio of 17.12 percent, well above the regulatory requirements of 8.5 percent and 12.5 percent respectively.

A strong liquidity buffer was maintained with a Liquidity Coverage Ratio of 305 percent against the regulatory requirement of 100 percent.

The bank reported a Return on Equity (ROE) of 24.25 percent, while its Earnings Per Share for thenine months ending 30th September 2024 increased to Rs. 37.30, against Rs.  28.93 recorded during the same period last year.