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

» #PM Crisis#
by Yahapalanaya Today at 3:30 am

» MARKET RISE - GUARANTEED
by Yahapalanaya Today at 3:24 am

» Financial Reports Q-3 2018
by ruwan326 Yesterday at 7:47 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Yesterday at 7:43 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 7:41 pm

» KEEP AN CLOSE EYE ON BFN DONT SELL BELOW 17
by kalu351 Yesterday at 7:05 pm

» Don't put your money on risk ! Buy politically less effect shares !!!!
by The Hunter Yesterday at 12:55 pm

» what is the best price for TKYO
by Pahan Yesterday at 11:11 am

» Is HNB price is attractive
by Pahan Yesterday at 10:57 am

» BFN DEAL -DONT SELL BFN AT 14 LEVEL
by kalu351 Yesterday at 10:45 am

» BFN Deal to go on in spite of the political crisis
by kalu351 Yesterday at 8:36 am

» ##FUN TOONS###
by ruwan326 Yesterday at 7:06 am

» TBs worth Rs.14.2 bn issued to SriLankan in 2012
by ruwan326 Sun Nov 18, 2018 6:42 am

» SRI LANKA @ 2020
by ruwan326 Sat Nov 17, 2018 7:24 am

» Dealing by directors
by ruwan326 Fri Nov 16, 2018 9:08 pm

» Summary of Key Announcements during the week
by ruwan326 Fri Nov 16, 2018 9:06 pm

» CSE WEEKLY
by ruwan326 Fri Nov 16, 2018 9:02 pm

» BFN Price HOLDING ON AS THE DEAL COME CLOSER
by sanjulanka Fri Nov 16, 2018 1:29 pm

» Another Finance sector deal UBC UBC UBC Deal
by kalu351 Fri Nov 16, 2018 10:56 am

» BFN BFN BFN BFN BFN DEAL ......WITH CHINESE BANK
by kalu351 Fri Nov 16, 2018 10:54 am

» MARKET CRASH - GUARANTEED
by Maharaja Fri Nov 16, 2018 9:32 am

» Q-TO-Q Financial Report-Financial Performance- Period ended 30 September 2018
by ruwan326 Thu Nov 15, 2018 9:00 pm

» CB raises key rates in surprise move to support currency
by Miss-Sangeetha Thu Nov 15, 2018 4:59 pm

» President rejects NCM brought against PM, Govt.
by ranferdi Thu Nov 15, 2018 2:36 pm

» Supreme Court issues stay order on Gazette dissolving Parliament
by THUWA Wed Nov 14, 2018 5:28 pm

» CSE THIS WEEK
by ruwan326 Wed Nov 14, 2018 8:27 am

» Veterans return to lead state banks
by ruwan326 Wed Nov 14, 2018 8:21 am

» Collect ODEL Range Rs. 23-25 .......Target Price over Rs.35
by soileconomy Tue Nov 13, 2018 8:54 pm

» අනං## මනං ##
by ruwan326 Tue Nov 13, 2018 8:52 pm

» JKH News & Reports
by ruwan326 Tue Nov 13, 2018 8:11 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

avatar
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

avatar
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