Sri Lanka Business Directory, creating web presence for your business.

Nations Trust Bank

Address: No. 242, Union Place, Colombo 02, Sri Lanka., Colombo
Telephone: +94 11 4313131
E-mail
Website: http://www.nationstrust.com

Submit review Recommend Print Report

Rate this listing

0 vote

Favoured:

Nations Trust commenced business after acquiring Overseas Trust Bank Ltd., Colombo Branch, in July 1999. The high point of our entry was the significant over-subscription of the Initial Public Offering (IPO). Expansion of our branch network to 31 branches and the strategic acquisition of the following portfolios have ensured the rapid expansion of our client base.

1. Acquisition of Waldock Mackenzie Ltd.

2. Acquisition of Kandy branch of the Standard Chartered Bank.

3. Acquisition of the Personal Banking portfolio of Deutsche Bank.

4. Acquisition of the Commercial Banking Business and Foreign Exchange Business of American Express Bank in Colombo.

5. Merger with Mercantile Leasing Company in January 2006.

The ability to offer customers a whole gamut of products ranging from tailor made Treasury products, to Retail products, from Leasing to American Express Cards has ensured the rapid growth of the Bank while maintaining a stable position in the market boasting of one of the lowest NPL figures among Banks and Financial Institutions in Sri Lanka.