DOCSLIB.ORG

NATIONS TRUST BANK PLC and ITS SUBSIDIARIES Company Number

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

NATIONS TRUST BANK PLC AND ITS SUBSIDIARIES Company Number PQ 118 INTERIM FINANCIAL STATEMENTS For the Six months ended June 30, 2020 NATIONS TRUST BANK CONTINUES TO SUPPORT THE NATIONS’ INITIATIVES DURING THESE UNPRECEDENTED TIMES The Bank maintained essential banking services uninterrupted during the period of lockdown, contributing to efforts by the Sri Lankan government to manage the impact of COVID‐19 pandemic. Our investments in digital technology continued to benefit customers during this hour of need. This was proven by the extensive use of Bank's digital platforms by our customers. Further, the Bank implemented relief schemes in line with the Government directives to support customers affected by the economic downturn as a result of the pandemic. One of the key priorities of the Bank at this time is to ensure a strong liquidity position enabling it to meet ongoing commitments. Mechanisms to manage fund outflows, facility rollovers and utilization levels as well as the arranging of additional funding lines were implemented. The Bank has taken all recommended measures to ensure the safety and wellbeing of its employees, customers and all other stakeholders during these unprecedented times and continues to adhere to the guidelines issued by the Government and health authorities. Financial results for the 2nd quarter of 2020 Group’s Operating profit before all taxes declined by 4%, while Profit after Tax increased by 24% due to the removal of the Debt Repayment Levy and NBT on financial services. Net Interest income declined by 15% due to the lack of growth in the loan book and interest ceiling imposed from April 2019 together with the impact on the moratorium loans. Average Weighted Prime Lending Rate reduced by 288 basis points as at end of 2Q 2020 compared to 2Q 2019. Reduction in Net Interest margins was contained to 80 bps as a result of effective fund management strategies supported by the growth in current and savings account balances. Fee based income dropped mainly due to reduction in cards spend coupled with lower Trade Finance volumes. However, gains on trading FX increased from forward FX funding swaps due to the depreciation of the rupee during the period, in contrast to appreciation in the same period last year which helped offset some of the revaluation losses which arose from the balance sheet position on same reason accounted under Net other operating income. The bank was also able to book some trading profits on its’ fixed income securities portfolio with the drop in market rates, containing the operating income reduction to 12%. The Bank considered the potential impact of the COVID‐19 pandemic on customers as well as the relief package introduced in the form of a debt moratorium by the government when assessing the impairment provisions. Additional impairment provisions were made for identified customer segments impacted due to COVID‐19 related developments, by assessing potential delays to the cash flow expectations based on currently available information. Operating expenses were curtailed by Rs. 528 Mn, a 10% reduction over last year. This is attributed to the various cost saving strategies & initiatives that in turn reduced the impact on the bottom line. Special focus on some of the large cost pools by respective Cost champions coupled with productivity and efficiency improvements were the main reasons for the savings. The Group remained strong as its Tier I Capital and Total Capital Adequacy ratios as at 30th June 2020 stood well above the regulatory levels at 12.74% and 16.75% respectively. With prevailing conditions, the CBSL reduced the Capital Conservation buffer by 0.5% with effect from 27th March 2020. The Statutory Liquid Asset Ratio (SLAR) for the Domestic Banking Unit and the Off‐Shore Banking Unit was at 30.82% and 24.31% respectively as at the reporting date. Despite the headwinds present in the operating environment the Bank will cautiously explore new business opportunities that may present itself from time to time. Further, the bank will continue to take relevant measures to curtail costs with various cost initiative strategies. The bank is also confident to endure any potential impact that may arise as a result of the current crisis supported by its strong capital base, healthy liquidity buffers and the robust risk management models that are in place. The bank also keeps a close tab on the developments in the operating environment to enhance growth with any opportunities available whilst supporting the government with the initiatives taken in reviving the economy. NATIONS TRUST BANK PLC INCOME STATEMENT Bank Group Six Months ended 30 June Quarter ended 30 June Six Months ended 30 June Quarter ended 30 June 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change Rs. '000 Rs. '000 (%) Rs. '000 Rs. '000 (%) Rs. '000 Rs. '000 (%) Rs. '000 Rs. '000 (%) Gross Income 19,758,299 22,934,517 (14) 9,164,403 11,719,599 (22) 19,887,547 23,090,394 (14) 9,227,984 11,792,327 (22) Interest Income 17,041,439 20,072,183 (15) 7,995,931 10,195,801 (22) 17,041,604 20,072,567 (15) 7,996,000 10,195,966 (22) Less: Interest Expense (10,410,202) (12,291,204) 15 (5,123,970) (6,225,407) 18 (10,373,748) (12,257,293) 15 (5,106,033) (6,208,020) 18 Net Interest Income 6,631,237 7,780,979 (15) 2,871,961 3,970,394 (28) 6,667,856 7,815,274 (15) 2,889,967 3,987,946 (28) Fee and Commission Income 2,207,334 2,883,165 (23) 737,329 1,424,846 (48) 2,336,359 3,038,658 (23) 800,841 1,497,409 (47) Less: Fee and Commission Expense (136,351) (174,400) 22 (50,590) (103,857) 51 (136,352) (174,400) 22 (50,591) (103,857) 51 Net Fee and Commission Income 2,070,983 2,708,765 (24) 686,739 1,320,989 (48) 2,200,007 2,864,258 (23) 750,250 1,393,552 (46) Net Gains/(Losses) from Trading 534,656 (1,982,737) 127 75,310 26,007 190 534,656 (1,982,737) 127 75,310 26,007 190 Net Fair Value Gains/(Losses) on: Financial Assets at Fair Value through Profit or Loss 187,195 33,959 451 180,588 31,114 480 187,195 33,959 451 180,588 31,114 480 Financial Liabilities at Fair Value through Profit or Loss - - - - - - - - - Net Gains/(Losses) on Derecognition of Financial Assets: At Fair Value through Profit or Loss - - - - - - - - - At Amortised Cost - - - - - - - - - At Fair Value through Other Comprehensive Income - - - - - - - - - Net Other Operating Income/(Loss) (212,325) 1,927,947 (111) 175,245 41,831 319 (212,267) 1,927,947 (111) 175,245 41,831 319 Total Operating Income 9,211,746 10,468,913 (12) 3,989,843 5,390,335 (26) 9,377,447 10,658,701 (12) 4,071,360 5,480,450 (26) Impairment Charges/(Reversals) 1,224,678 1,845,074 34 460,238 1,319,753 65 1,225,817 1,845,085 34 461,286 1,319,990 65 Loans and Advances 1,325,665 1,824,457 27 505,719 1,335,914 62 1,325,665 1,824,457 27 505,719 1,335,914 62 Guarantees & Commitments (144,826) (56,297) 157 (69,908) (24,031) 191 (144,826) (56,297) 157 (69,908) (24,031) 191 Other Financial Assets 43,839 76,914 43 24,427 7,870 (210) 44,978 76,925 42 25,475 8,107 (214) Net Operating Income 7,987,068 8,623,839 (7) 3,529,605 4,070,582 (13) 8,151,630 8,813,616 (8) 3,610,074 4,160,460 (13) Less: Expenses Personnel Expenses 2,122,471 2,187,645 3 1,020,877 1,038,099 2 2,137,075 2,201,720 3 1,028,037 1,045,439 2 Depreciation of Property, Plant and Equipment 229,147 216,169 (6) 113,535 108,323 (5) 250,189 231,693 (8) 124,064 116,092 (7) Depriciation of Right of Use (ROU) Assets 256,387 300,750 15 129,998 146,625 11 211,501 257,960 18 107,555 125,230 14 Amortization of Intangible Assets 193,477 167,870 (15) 95,304 84,243 (13) 193,568 168,892 (15) 95,350 84,521 (13) Other Operating Expenses 1,987,565 2,434,714 18 701,399 1,222,086 43 1,997,828 2,458,523 19 705,712 1,232,724 43 Total Operating Expenses 4,789,047 5,307,148 10 2,061,113 2,599,376 21 4,790,161 5,318,788 10 2,060,718 2,604,006 21 Operating Profit before Taxes on Financial Services 3,198,021 3,316,691 (4) 1,468,492 1,471,206 (0) 3,361,469 3,494,828 (4) 1,549,356 1,556,454 (0) Less: Value Added Tax (VAT) on Financial Services 684,997 701,710 2 321,166 319,070 (1) 685,493 702,224 2 321,405 319,331 (1) Nation Building Tax (NBT) on Financial Services - 96,258 100 - 43,843 100 - 96,353 100 - 43,891 100 Debt Repayment Levy (DRL) - 383,134 100 - 174,212 100 - 383,134 100 - 174,211 100 Profit before Income Tax 2,513,024 2,135,589 18 1,147,326 934,081 23 2,675,976 2,313,117 16 1,227,951 1,019,021 21 Less: Income Tax Expense 890,024 859,661 (4) 418,118 359,362 (16) 923,490 899,060 (3) 434,494 377,870 (15) Profit for the Period 1,623,000 1,275,928 27 729,208 574,719 27 1,752,486 1,414,057 24 793,457 641,151 24 Profit Attributable to: Equity Holders of the Parent 1,623,000 1,275,928 27 729,208 574,719 27 1,752,486 1,414,057 24 793,457 641,151 24 Non-Controlling Interests - - - - - - - - - - - - Earnings Per Share Basic/Diluted Earnings Per Share (Rs.) 5.72 4.50 27 2.57 2.02 27 6.17 4.98 24 2.80 2.26 24 NATIONS TRUST BANK PLC STATEMENT OF COMPREHENSIVE INCOME Bank Group Six Months ended 30 June Quarter ended 30 June Six Months ended 30 June Quarter ended 30 June 2020 2019 Change 2020 2019 Change 2020 2019 Change 2020 2019 Change Rs.
Recommended publications
  • Lankaclear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 Lankaclear (Private) Limited 1 Lankaclear (Private) Limited Annual Report 2020/21 2

    Lankaclear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 Lankaclear (Private) Limited 1 Lankaclear (Private) Limited Annual Report 2020/21 2

    LankaClear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 LankaClear (Private) Limited 1 LankaClear (Private) Limited Annual Report 2020/21 2 To revolutionize the transport sector in the country, we unveiled the 2in1 payment card technology to enable ‘Tap and Go’ payment capability in public transport. Ensuring a Quantum Leap in the Transport Sector, this is a pioneering effort to introduce an innovative technology of a single payment card with online and offline capabilities to provide convenience to commuters of public transport. You may get a glimpse of the Sri Lanka Transit Card experience by enabling NFC access in your Smart Phone and tapping the phone on the LankaPay card on the cover page of this year’s annual report. LankaClear has always been in the forefront of understanding consumer needs to make their lives and work seamless by providing real-time and secure transactions. In fact, we are well on our way to integrate THEďLATESTďȶNANCIALďSERVICEďINNOVATIONďTHATďWILLďPOSITIVELYď impact the lives of a majority of Sri Lankans via our 2 INďď0AYMENTď#ARDď7ITHďAďDYNAMICďSHIȺďINďCONSUMERď behaviour and how companies analyse the metrics of online engagement, our services have become indispensable. Our enviable track record shows that we have always strived to bring world-class technology, speed and convenience to a new breed of digital consumers to meet THEIRďDEMANDINGďEXPECTATIONSďINďACCESSINGďȶNANCIALď services. Similarly, we are making traditional brick mortar business a piece of history by bringing the future ever
  • View Annual Report 2012

    View Annual Report 2012

    What’s neA n n u a l Rexp o r t 201t2 ? Content Financial Highlights 10 Chairman's Message 18 Chief Executive Officer's Message 24 Our Journey 32 Management Discussion and Analysis 34 Financial Review 60 Board of Directors 66 Corporate Management 74 Senior Management 76 Service Network 82 Report of the Board Supervisory Committee 84 Report of the Board Audit Review Committee 85 Human Resources and Remuneration Committee Report 87 Board Nomination Committee Report 88 Board Integrated Risk Management Committee Report 90 Board Credit Committee Report 92 Annual Report of the Board of Directors on the Affairs of the Bank 93 Directors' Statement on Internal Control over Financial Reporting 99 Auditors' Report on Internal Control over Financial Reporting 101 Directors' Interest in Contracts with the Bank 102 Sustainability Report 106 Investor Information 124 Ten Year Summary 126 Risk Management 128 Corporate Governance 144 Directors' Responsibility for Financial Reporting 178 Independent Auditors' Report 179 Statement of Financial Position 180 Income Statement 181 Statement of Comprehensive Income 182 Statement of Changes in Equity 183 Cash Flow Statement 184 Notes to the Financial Statements 185 Glossary 252 Corporate Information 254 Notice of Meeting 255 Form of Proxy 257 What’s next? We’ve been making waves in our industry for a long time now, redefining just how progressive truly world-class banking services can be. Our efforts to create and maintain a distinctive profile have seen us move the goalposts each year, driving positive change and continuous improvement at every level of the bank. Last year we discussed how we planned to reach out to an even wider audience, bringing our products and services to previously inaccessible regions and markets.
  • Terms and Conditions

    Terms and Conditions

    Terms and Conditions 1 Wealth Creation 1 1.1 Relationship Management and Priority Service 1 1.2 Wealth Partnering Solutions with Bespoke Financial Strategies 2 1.3 Estate Planning Services 2-3 1.4 Art Advisory Services 3-4 1.5 Bank-At-Your-Doorstep (BAYD) 4-5 1.6 Specialised Credit Cards, Loans and Overdraft Facilities 5 1.7 Investment and Deposit Accounts 7 1.8 Payment and Cash Management Services 9 1.9 Multi-Channel Access 10 2 Lifestyle 13 2.1 Travel Concierge Privilege 13-14 2.2 Airport Lounge Access 14 2.3 Lifestyle Lounge Access 14-15 2.4 Bespoke Events and Market Outlook Seminars 15 3 Legacy 15 3.1.1 Philanthropic Management Account Service 15 3.1.2 Private Banking Junior Segment 15-16 3.1.3 Future Leaders Program 16 4 Private Banking-Global Membership 16 5 Benefits at a Glance 17 6 Eligibility Requirements 17 6 Review of Relationship 17-18 8 Contacting the Bank 18 Banking In Absolute Exclusivity 1. Wealth Creation We are pleased to welcome you into the exclusive membership of 1.1 Relationship Management and Priority Service Nations Trust Bank Private Banking the solution provider for all Your dedicated Relationship Manager will act as an ambassador your financial needs. Our knowledge and expertise in this field of the Bank and will attend to all your banking and financial have enabled us to perfect our service to provide for your unique needs. Your dedicated Private Banking Relationship Manager will lifestyle and its financial requirement. Our experience will allow be your single point of contact for all your banking requirements us to value all that is important to you, every aspect of your life and will also provide you with timely information to better plan which include your loved ones, your profession, your passions, and secure your financial future.
  • View Annual Report 2017

    View Annual Report 2017

    Nations Trust Bank PLC Annual Report 2017 Scan to view this report online https://www.nationstrust.com/about/ investor-relations/annual-reports At 18 years, Nations Trust Bank is one of the youngest full service commercial banks around. Yet in that short time, we have built a reputation for innovation, service and value that makes us truly proud. Our team is passionate, youthful and energetic, making us a bank that is perfectly positioned to deliver the best experience of SMART banking to our many customers; the service ethic, technological capability and product models that now define us. Strategic thinking and planning are key elements of our success. It is how we ensure that the design and implementation of our systems and processes, governance policies and sustainable business model are all ahead of their time. The performance reported in this financial review is another example of how we have realized value through business plans we put in place last year. We also report significant growth in many business areas, most especially in the SME sector; while our emphasis on evolving digital innovation saw the launch of Sri Lanka’s first digital bank, FriMi - a next-generation bank account, payment system and e-wallet that will offer convenience, speed and added value to the diverse customers we serve. This is how we remain a bank trusted and relied upon by the thousands of stakeholders who partner us today. Because they know that whatever their financial requirement might be, they can always count on us. Contents 6-9 pg 104-167 pg About
  • View Annual Report 2011

    View Annual Report 2011

    Annual Report 2011 BEYON D GROWING BEYOND For some years now, our annual reports have presented the story of our organization and it’s successful, profitable growth. Since our establishment 12 years ago, we have evolved into a leading feature of Sri Lanka’s financial landscape. All through those years we stuck to our values, elaborating and perfecting our reputation as a dynamic, up-to-the-minute financial-services provider for worldly-wise customers who are used to and demand the best. None of that is changing. But now, we’re going beyond the classic paradigm, moving to secure a bigger piece of the banking action country-wide. We’ve started reaching out to customers beyond the relatively affluent urban base that hitherto provided us with the bulk of our business, thereby supporting the nation’s inclusive economic and industrial development. Watch this space, as the newspapers say. There will be exciting times ahead. NTB is implementing plans to reach out across the island, to make our presence felt in the remotest regions of the country. This report will reveal how we’re doing this, so that wherever people are, at whatever time or location they need us, we will become the bank they prefer to choose. Contents Financial Highlights 4 Chairman’s Message 6 Chief Executive Officer’s Message 10 Management Discussion and Analysis 20 Sustainability Report 52 Ten Year Summary 70 Risk Management 74 Governance Report 90 Board of Directors 116 Corporate Management 120 Senior Management 123 Service Network 126 Report of the Board Supervisory Committee
  • Pn/Pmt/2020-1 08.04.2020

    Pn/Pmt/2020-1 08.04.2020

    PN/PMT/2020-1 08.04.2020 INLAND REVENUE DEPARTMENT Notice to Taxpayers Alternative Tax Payment System (ATPS) through Online Fund Transfer Facility Taking in to account of the Covid -19 Endemic situation currently prevailing in the country, the Inland Revenue Department (IRD) has introduced an Alternative Tax Payment System (ATPS) for making tax payments through Online Fund Transfer Facility, with the collaboration of specific banks, with effect from 08-04-2020. Hence, all taxpayers are hereby informed to adhere to the following instructions in making tax payments until further notice. The ATPS is available only with the online banking facilities of the banks designated in the below Table 01. The respective banks will provide to include relevant information for making online fund transfers for tax payments. Therefore, taxpayers are kindly requested to refrain from making online fund transfers in respect of tax payments through any other bank other than those listed below. In case you attempt to make online tax payments through any other bank, such payments will not be posted to your ledger in IRD’s RAMIS. Table – 01 - Banks providing Online Banking Facility for ATPS 01. Bank of Ceylon (BOC) 02. People’s Bank 03. Commercial Bank of Ceylon PLC 04. Nations Trust Bank PLC (NTB) 05. Sampath Bank PLC 06. HSBC 07. Cargills Bank Limited 08. National Development Bank (NDB) 09. Standard Chartered Bank (SCB) 10. Seylan Bank PLC 11. Hatton National Bank PLC (HNB) 12. Citibank 13. Deutsche Bank 14. Pan Asia Bank PLC 15. DFCC Bank PLC 1 Steps to follow in making online fund transfers in respect of tax payments 1.
  • View Annual Report 2020

    View Annual Report 2020

    NATIONS TRUST BANK PLC – ANNUAL REPORT 2020 creating velocity of value www.nationstrust.com contents OUR BUSINESS AND LEADERSHIP CAPITAL MANAGEMENT FINANCIAL STATEMENTS About Us ..............................................................................................2 Financial Capital ........................................................................31 Directors’ Responsibility for Overview ..............................................................................................3 Digital Capital ............................................................................. 33 Financial Reporting .......................................................83 Performance Highlights .......................................................4 Manufactured Capital.........................................................35 Independent Auditors’ Report ......................................84 Non-Financial Highlights ...................................................5 Intellectual Capital..................................................................36 Statement of Financial Position ................................88 Chairman’s Message...............................................................8 Human Capital ........................................................................... 37 Statement of Profit or Loss .......................................... 89 Chief Executive Officer’s Review .................................10 Social and Relationship Capital ...................................41 Statement of Comprehensive Income
  • Multiple Strands of Business Lend Strength

    Multiple Strands of Business Lend Strength

    DFCC BANK Annual Report 2011/12 DFCC Bank - Annual Report 2011/12 - Annual Report MUltIPLE STRANDS DFCC Bank DFCC Building, P.O. Box 1397, 73/5, Galle Road, Colombo 03, Sri Lanka OF BUSINess LEND Telephone: +94 11 2442 442 | Fax: +94 11 2440 376 E-mail: [email protected] | website: www.dfcc.lk STRENGTH VISION To be Sri Lanka’s premier financial services group. MISSION To provide superior financial solutions and nurture business enterprises, adding value to our customers, shareholders, employees and the nation. OUR VALUES Our seven core values are the guiding principles for our ACTIONS that shape the way we do business. We are Accountable for what we do We place Customer experience at the core We believe Teamwork is key in turning our goals into accomplishments We have a passion for Innovation and excellence We Operate our business ethically We focus on the Need to grow our business profitably We are Socially and environmentally caring MULTIPLE STRANDS OF BUSINEss LEND STRENGTH The cover depicts the multiple strands of a fibre optic cable - a technology which has opened a whole new world to humankind. A key aspect of the DFCC Banking Business is the manner in which we have woven the various strands of business - development banking, commercial banking and investment banking - into a cohesive whole. The composite strength, by the very nature of its variety, provides us the vibrancy, energy and speed in serving a diversified portfolio ranging from top corporates to SMEs, from project financing to personal financial services and everything in between. DFCC really is about celebrating composite strength – the results of which unfold through the pages of this report.
  • Annual Report 2015

    Annual Report 2015

    Vision “To be the leading financial solutions provider sustainably developing individuals and businesses”and businesses” Mission “To provide innovative and responsible solutions true to our Values with the expertise of our multidisciplinary team of professionals and synergies of our financial services group” Our Values Innovative Customer Centric Professional Ethical Accountable Team Oriented Socially Responsible “The stylised ‘ V ’ in our new logo represents Vardhana, but it also stands for many other things. It stands for our values, our vision, our past and the future victories and in a slight marketing twist, a small ‘tick’ to remind people that DFCC Bank is always their right choice.” About this Reporting Period Consequent to the change of the financial year-end to 31 December Report from 31 March following the amalgamation with DFCC Vardhana Bank PLC and obtaining the commercial banking license, this DFCC Bank Annual Report 2015 covers the nine month period from This is our fourth consecutive Integrated 1 April 2015 to 31 December 2015 (period under review) and is Annual Report, one which also builds further different from our usual annual reporting cycle for financial and on the triple bottom line reporting we had adopted sustainability reporting adopted up to 31 March 2015. The previous a few years earlier. As an integrated report, it is a concise Annual Report covered the period 1 April 2014 to 31 March 2015 communication about how our strategy, governance, performance (previous year), and is available on our website (www.dfcc.lk) and prospects, in the context of the external environment, lead to along with quarterly filings and older Annual Reports.

  • Auction for Issuance of Sri Lanka Development Bonds (Sldbs)

    Democratic Socialist Republic of Sri Lanka Auction for Issuance of Sri Lanka Development Bonds (Treasury Bonds denominated in US Dollar) Public Debt Department, Central Bank of Sri Lanka Submission of bids : Open from 11.00 hrs on 20 July 2021 to 10.00 hrs on 27 July 2021 Date of Settlement : 30 July 2021 n Currency Ø US Dollar n Size & Tenure Ø US Dollars 30 Million (possible upsizing by another US Dollars 80 Million) of 9 months, 1 year 8 months, 2 years 9 months and 5 years n Interest Rate Ø Fixed rate arrangement : Fixed rate determined through competitive bidding for all maturities n Interest Payments Ø Semi - annual n Minimum Investment Ø US Dollars 10, 000 & in multiples of US Dollars 10, 000 n Transferability Ø By Endorsement, Delivery & Registration n Eligible Investors * Ø Citizens of foreign states irrespective of their residential status through the Inward Investment Accounts (IIAs), Citizens of Sri Lanka who are residents outside Sri Lanka through IIAs, Holders of Personal Foreign Currency Accounts, Business Foreign Currency Accounts, or Offshore Banking Unit Accounts, Companies incorporated outside Sri Lanka or Partnerships registered outside Sri Lanka through IIAs, Country funds, Regional Funds, Mutual Funds, Unit Trusts, and Institutional investors established outside Sri Lanka through IIAs, Licensed Commercial Banks appointed as Authorized Dealers by the Central Bank of Sri Lanka, Licensed Specialized Banks and Licensed Finance Companies, which have been permitted to accept deposits in foreign currency n Tax Ø Subject to the applicable tax laws in Sri Lanka n Issuing Office Ø Public Debt Department, Central Bank of Sri Lanka n Designated Agents Ø Selected Licensed Commercial Banks & Primary Dealers to purchase bonds as given below n Paying Agent Ø Bank of Ceylon n Governing Law Ø Laws of Sri Lanka * Conditions apply.

  • 22Nd Annual General Meeting & Circulation of Annual Report 2020

    Annual Report 2020 Contents Circulation of Annual Report 2020 Form of Request for a Printed Copy of the Annual Report Administrative Details of Annual General Meeting Notice of Meeting Form of Proxy (Voting Shareholders) Form of Proxy (Non-Voting Shareholders) NATIONS TRUST BANK PLC (PQ 118) Dear Valued Shareholder, TWENTY SECOND ANNUAL GENERAL MEETING AND CIRCULATION OF ANNUAL REPORT 2020 In the interest of safeguarding the well-being of the shareholders due to the potential health risks created by Covid -19 pandemic and having considered related governmental health and safety guidelines, guidelines issued by the Colombo Stock Exchange on holding virtual shareholder meetings and relevant statutory provisions, the Twenty Second (22nd) Annual General Meeting (AGM) of Nations Trust Bank PLC (‘the Bank’) will be held by virtual means on Wednesday, 31st March, 2021 at 10.00 a.m. We are pleased to forward herewith the Administrative details, Notice of Meeting and Form of Proxy for the 22nd AGM of the Bank. Kindly be informed that the Annual Report 2020 of the Bank is published and available for download on Bank’s website (www.nationstrust.com) and in the website of the Colombo Stock Exchange (www.cse.lk). You may also scan the QR Code given below to directly access the Bank’s Annual Report 2020. Nations Trust Bank PLC Annual Report 2020 In the event that you require any assistance or have any query in this connection you may contact the following persons on the following contact numbers and/or e-mail addresses. Names Contact Telephone Numbers E-mail addresses Ms.

  • View Annual Report 2014

    Nations Trust Bank PLC Annual Report 2014 We help people and businesses achieve Nations Trust Bank Annual Report 2014 View the Annual Report online www.nationstrust.com/investor_relations/index We help people and businesses achieve Whoever you are, wherever you live, Nations Trust offers you all the financial services and solutions you want, in one place. We’re focusing on easy to use financial products, supported by the streamlined branch and online access, faster services and dependable technology that together move us closer to our goal of becoming the Primary Bank for customers everywhere. At Nations Trust, we deliver much more value with much less fuss. We’re making it easy for people to realise their dreams, by helping them achieve today’s goals and tomorrow’s aspirations. Contents About Us 3 Board Integrated Risk Management About this Report 6 Committee Report 140 Performance Highlights 8 Board Credit Committee Report 141 Financial and Operational Highlights 11 Board Supervisory Committee Report 142 Engaging Stakeholders 13 Board Nomination Committee Report 143 Identifying the Material Issues 16 Human Resources and Remuneration Committee Report 144 Chairman’s Review 18 Annual Report of the Board of Directors Chief Executive Officer’s Review 22 on the Affairs of the Bank 145 Management Discussion and Analysis 28 Directors’ Statement on Internal Control Our Profile 28 Over Financial Reporting 153 Financial Review 34 Auditors’ Report on Internal Control over Operational Review 39 Financial Reporting 155 Retail, SME and Consumer Banking