Nations Trust Bank continues its resilient performance whilst supporting the Nations Initiatives of building the economy and supporting livelihoods during these unprecedented times
Despite the challenging business environment, the Bank continued its planned K shaped recovery strategy by increasing the loan portfolio by LKR 20 billion recording an increase of 10% during the quarter. Nations Trust Bank continued to provide working capital loans under the Saubhagya scheme introduced by the government to assist customers across all segments. Understanding the importance of assisting the adversely impacted businesses for their revival and to rebuild of businesses and livelihoods, the bank contributed over LKR 19 billion new credit facilities under its own revival fund Nations Diriya scheme which is dedicated to extending financial support to key industries, enabling such businesses to recommence and rebuild their business operations. Furthermore, the bank also offered special payment relief schemes and repayment plans for the existing borrowers in addition to the Central Bank mandated moratorium schemes with low interest rates and restructured repayment plans for some of the identified industries and businesses segments.
Nations Trust Bank continues its resilient performance whilst supporting the Nations Initiatives of building the economy and supporting livelihoods during these unprecedented times
Despite the challenging business environment, the Bank continued its planned K shaped recovery strategy by increasing the loan portfolio by LKR 20 billion recording an increase of 10% during the quarter. Nations Trust Bank continued to provide working capital loans under the Saubhagya scheme introduced by the government to assist customers across all segments. Understanding the importance of assisting the adversely impacted businesses for their revival and to rebuild of businesses and livelihoods, the bank contributed over LKR 19 billion new credit facilities under its own revival fund Nations Diriya scheme which is dedicated to extending financial support to key industries, enabling such businesses to recommence and rebuild their business operations. Furthermore, the bank also offered special payment relief schemes and repayment plans for the existing borrowers in addition to the Central Bank mandated moratorium schemes with low interest rates and restructured repayment plans for some of the identified industries and businesses segments.