🏦 NTB Gets CBSL Nod for Major Retail Banking Acquisition

• Nations Trust Bank (NTB) has received approval from the Central Bank of Sri Lanka (CBSL) to acquire The Hongkong and Shanghai Banking Corporation (HSBC Sri Lanka)'s Retail Banking business. • This strategic move, following a binding Sale and Purchase Agreement signed in September, is expected to be completed in the first half of 2026. • The acquisition will add approximately 200,000 customer accounts to NTB, including premium banking clients, credit cards, and retail loans. • It significantly strengthens NTB’s leadership position in the premium retail banking segment, aligning with its long-term growth objectives. • Both banks are focused on ensuring a seamless transfer of services for customers during the transition process.