Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» Daily Stock Market Update
by Insights Equity Today at 5:19 pm

» SFL GOING TO BUY A LEADING BANK ABOVE 50 RUPEE PER SHARE
by karuna2 Today at 3:20 pm

» MARKET CRASH - GUARANTEED
by Maharaja Today at 9:26 am

» ITS goinng to be UBC -BFN week
by mahasona2 Today at 9:00 am

» Manipulated Data: 95 Percent of Bitcoin Trading is Fake - Study
by Miss-Sangeetha Today at 8:19 am

» Foreign fund managers back in sri lanka
by sanjulanka Today at 7:42 am

» HAMBANTOTA'S REAL DEVELOPMENT STARTS
by Yahapalanaya Today at 6:35 am

» HOTEL BRIGHT FUTURE
by Yahapalanaya Today at 5:29 am

» Earn Over 100% Profit Monthly In Forex Account Management
by princess111 Today at 2:35 am

» Profitable Forex Copy (over 100% profit monthly)
by faz1 Yesterday at 9:37 pm

» LOLC Story
by Gajaya Yesterday at 1:48 pm

» Now even Holy See, Pope may be concerned of using 'Perpetual' name by Arjun Aloysius' family for Arjun's Shady 'White Collar Criminal' Businesses?
by Gajaya Yesterday at 12:43 pm

» Export Processing Zone -cost of USD 3.95 billion, : Hambantota oil refinery project runs into initial headwinds
by Trader321 Yesterday at 12:41 pm

» කෙටි කාලයක් තුල රාජ්‍ය සේවක වැටුප 145%-200%ක් උන එකම රට
by Uaecoindubai Yesterday at 11:46 am

» CASH RICH REXP
by EPS Sat Mar 23, 2019 9:20 pm

» Weekly Stock Market Roundup
by Insights Equity Sat Mar 23, 2019 4:28 pm

» ලංකාවට වැස්ස කෘතිම වැස්ස..is it required for Sri Lanka?
by Uaecoindubai Sat Mar 23, 2019 12:03 pm

» What Sri Lanka can do to improve the credibility of Rupee
by Sstar Sat Mar 23, 2019 11:30 am

» Sad situation of expressway !!!!
by Yahapalanaya Sat Mar 23, 2019 4:12 am

» GOLDEN ERA
by soileconomy Fri Mar 22, 2019 9:14 pm

» INSURANCE companies finally falling!
by nosf766 Fri Mar 22, 2019 2:00 pm

» Cinnamon Grand now Topless without Rohan Karr
by ChooBoy Fri Mar 22, 2019 1:47 pm

» Dusit Thani Sri Lanka project halted?
by ChooBoy Fri Mar 22, 2019 11:44 am

» UBC - What is going on
by Trader321 Fri Mar 22, 2019 9:39 am

» UBC TO HIT 24 ??
by Trader321 Fri Mar 22, 2019 9:38 am

» SEC Chief welcomes PM’s remark on EPF’s return to stock market
by kalu351 Fri Mar 22, 2019 2:16 am

» පැලවත්ත කිරි සමාගම කොටස් වෙළද පොළට,DRINK pelawaththa milk & help sri lanka
by Miss-Sangeetha Thu Mar 21, 2019 5:39 pm

» CSE is promoting Life Insurance companies whilst Stock Market is crashing.
by ChooBoy Thu Mar 21, 2019 12:35 pm

» Singapore rejects Sri Lankan leader’s allegation on trading scam suspect
by Yahapalanaya Thu Mar 21, 2019 8:18 am

» BALA.N potential
by Yahapalanaya Thu Mar 21, 2019 6:39 am

» Sri lanka tourism income reached 4.4 billion USD 2019
by Yahapalanaya Wed Mar 20, 2019 10:03 pm

» presidential election very soon ?
by Yahapalanaya Wed Mar 20, 2019 10:01 pm

» UBC - Stake up by big invester
by Yahapalanaya Wed Mar 20, 2019 9:57 pm

» AEL.N0000 is the Next AAIC.N0000 -
by Trader321 Wed Mar 20, 2019 12:37 pm

» World Bank approves USD70Mn to Sri Lanka
by Sstar Wed Mar 20, 2019 11:13 am

» Sri Lanka shares end little changed; rupee rises
by Miss-Sangeetha Tue Mar 19, 2019 6:30 pm

» Diversification of Sri Lankan economy, must to garner more economic benefits
by ChooBoy Tue Mar 19, 2019 2:04 pm

» ALHP Right issue......!!!!1
by Miss-Sangeetha Tue Mar 19, 2019 11:47 am

» UBC.N0000- Donnt miss this
by Trader321 Tue Mar 19, 2019 10:13 am

» BFN - DEAL OVER - TO BE DE LISTED SOON AFTER THE PRIVATE PLACEMENT ඩීල් එක ඉවරයි @ 19-59 - කොටස් වෙළදපලෙනුත් ඉවත් කරගන්නා බවට ආරන්චි
by sanjulanka Mon Mar 18, 2019 7:03 am

» While waiting for the market to rebound, look for bargains if you can afford the risk. Try to be active at the right time to gain something
by Asoka Samarakone Sun Mar 17, 2019 3:18 pm

» ඉතා ඉක්මනින් සේවක අර්තසාදක අරමුදල නැවත කොටස් වෙළදපල ට
by mahasona2 Sun Mar 17, 2019 3:43 am

» Central Bank targeting early return of EPF to stock market
by mahasona2 Sun Mar 17, 2019 3:24 am

» Lofc delisting??
by Bdcdman Sat Mar 16, 2019 11:16 pm

» Today is UBC.N0000 day.
by Trader321 Fri Mar 15, 2019 11:32 am

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by Bdcdman Fri Mar 15, 2019 11:11 am

» ALHP WILL MOVE UP from next MONDAY
by Miss-Sangeetha Fri Mar 15, 2019 10:52 am

» ALHP WILL MOVE UP SOON
by mahasona2 Thu Mar 14, 2019 11:05 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » NTB News & Reports

NTB News & Reports

Go down  Message [Page 1 of 1]

1 NTB News & Reports on Mon Nov 05, 2018 7:46 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Nations Trust Bank records post-tax profit of Rs.2, 918Mn-Nov 02, 2018 




The Bank closed the nine months ending 30th September 2018 with a post-tax profit of Rs.2, 918Mn with standing multiple challenges as witnessed across the industry with increasing non-performing loans, tightening of liquidity and moderating credit growth which particularly hindered the performance for the quarter.
The Bank realigned its resources in a timely manner during the quarter with absolute focus on managing impairment provisions and bottom line growth whilst consolidating growth in selective portfolios.
Net interest income increased by 31% mainly attributable to growth in volumes (Up by 26%)as NIMs stabilized and remained on par with the previous period.
Interest income recorded a faster growth of 24% resulting from the increased growth in loan volumes and effective pricing of the loan book. Interest expense growth was lower at 19% due to the higher drop in cost of funds in comparison to the previous period.Nevertheless, the Bank noted a gradual rise in its cost of funds with the increasing interest rate environment which prevailed during the third quarter of 2018.
Non fund based income recorded a moderate growth of 16% with trade finance, syndication based facility fees and bancassurance fees contributing to a larger portion of the increase.
Net trading losses dropped significantly during the period under review as customer and trading FX reported a higher growth rate coupled with the drop in the SWAP book and the resultant forward premiums.
Impairment charges for the current year increased as some portfolios of the loan book experienced cash flow stresses, which were also seen at an industry level. Bank NPL ratio stood at 3.71% from 2.29% reported in December 2017, mirroring industry trends.
Expenses recordeda growth of 19% which is partly due to investments made in technology, branding and people related skills development and employment engagement activities. Bank expenses pertaining directly to business volume growth were well managed at 10%. Notable increases are also seen in regulatory expenses.On the digital front, theBank has undertaken a number of initiatives to improve efficiencies thereby re-engineering the opex model with the digitalizing of branch processes, automation of operational processes through Robotic process automations and enhancing thedigital footprint across the Bank; all of which have made a considerable impact in generating operational efficiencies. With the Bank reporting a higher growth in revenue of 29%, the operational efficienciesresulted in the Cost: Income ratio decreasing to 47% from 51% reported in the previous period.
Loans and advances recorded a growth of 18% primarily driven by Corporate lending. Deposits recorded a growth of 18% with fixed deposits growing by 25% while CASA recorded a subdued growth of 1%.Furthermore, the Bank continued to diversify its funding base by securing a USD 50mn funding line from FMO in August 2018.
Commenting on the results and achievements, Renuka Fernando, CEO/Executive Director stated “Our continuous improvement in financial performance demonstrates our core capabilities in steering the Bank during testing times. Managing impairment has been a key area of focus for us during the past few months whereby we have reorganized our collection shops and hope to keep a close watch in the upcoming months and will continue to focus until the stress on selective portfolios stabilise. Our digital transformation journey and investments in business transformational technology will continue to be pivotal strategic focus areas for us in the ensuing months. With the operating environment going through a turbulent phase, we remain focused in achieving our goals set for the year”.

http://www.lankabusinessonline.com/nations-trust-bank-records-post-tax-profit-of-rs-2-918mn/

2 Re: NTB News & Reports on Mon Nov 05, 2018 7:49 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Financial Performance- Period ended 30 September 2018

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum