Nations Trust Bank PLC announced a Profit After Tax of LKR 15.6 billion for the first half of 2026, representing a 77% increase year-on-year, largely attributed to its May acquisition of HSBC Sri Lanka's retail banking operations.
Nations Trust Bank PLC delivered robust financial results for the six-month period ending 30 June 2026, recording a Profit After Tax of LKR 15.6 billion, marking a substantial 77% increase compared to the previous year. The bank's Profit Before Tax reached LKR 18.4 billion, up 7%, while loan growth climbed 26% to LKR 112 billion. The strong performance was significantly influenced by the bank's acquisition of HSBC Sri Lanka's retail banking portfolio, which commenced operations on 1 May 2026, alongside a one-time tax credit related to the transaction.
The acquisition strengthened Nations Trust Bank's market position, particularly in credit cards and premium retail banking services. The bank maintained healthy financial metrics throughout the period, with a Net Interest Margin of 5.58% and disciplined risk management evidenced by a Net Stage 3 Ratio of 1.05%. Capital adequacy indicators remained robust, with a Tier I Capital Ratio of 12.76% and a Total Capital Adequacy Ratio of 16.41%. Return on Equity improved significantly to 31.33%, reflecting enhanced scale and earnings momentum following the strategic acquisition.
Bank leadership attributed the strong results to the expanded customer base and improved balance sheet strength resulting from the integration of HSBC's operations. Chief Executive Officer Hemantha Gunetilleke stated that the acquisition represented a strategic milestone in the bank's growth trajectory and would generate continued performance improvements while maintaining focus across consumer, commercial, and corporate banking segments. The bank operates through an extensive network of physical and digital channels and holds the exclusive position as issuer and sole acquirer of American Express Cards in Sri Lanka.
