Nations Trust Bank was established in July 1999 when it acquired the Colombo Branch of Overseas Trust Bank Ltd. The oversubscription of the Initial Public Offering (IPO) was a significant highlight of our market entry. Since then, we have gone from strength to strength, rapidly expanding its client base with the following strategic acquisitions to its portfolio.
Acquisition of Waldock Mackenzie Ltd.
Acquisition of Kandy branch of the Standard Chartered Bank.
Acquisition of the Personal Banking portfolio of Deutsche Bank.
Acquisition of the Commercial Banking Business and Foreign Exchange Business of American Express Bank in Colombo.
Merger with Mercantile Leasing Company in January 2006.
In September 2007, Fitch Ratings Lanka Ltd reaffirmed the rating assigned to the Bank of A(lka) denoting a strong credit risk relative to other issuers or issues in the country.
