📈 Nations Trust Bank to Raise Rs13.8 Bn via Rights Issue

• Capital Raising: Nations Trust Bank (NTB) plans to raise Rs 13.8 Bn through a rights issue to strengthen its banking operations. • Issue Details: Offering 3 ordinary non-voting convertible shares for every 22 existing ordinary voting and/or non-voting shares at Rs 305 per share. • Share Volume: A total of 45,467,286 ordinary voting shares will be issued under the private capital raise. • Strategic Purpose: Proceeds will boost the bank’s Common Equity Tier 1 (CET1) capital position to ensure adequate risk buffers and support long-term growth in the financial services sector. • Status: The issue remains subject to formal shareholder and Colombo Stock Exchange (CSE) approvals.