30th September 2025, Colombo, Sri Lanka — Nations Trust Bank PLC (NTB) has successfully facilitated a landmark foreign investment in Sri Lanka’s apparel industry, reinforcing its position as a trusted financial partner for complex cross-border transactions and structured finance solutions.
The transaction, valued at LKR 2.7Bn, saw Q Collection, a Singapore-headquartered apparel firm with operational roots in Bangladesh, acquire two subsidiaries of a local apparel group. This strategic move not only injects new capital into a vital export sector in Sri Lanka, but also preserves over 2,400 jobs with the potential of creating additional employment, revives dormant manufacturing capacity, and sends a strong signal of investor confidence in Sri Lanka’s economic trajectory.
NTB’s Corporate Banking team played a pivotal role in structuring and financing the transaction, navigating legal and regulatory frameworks across three jurisdictions, viz., Sri Lanka, Bangladesh, and Singapore, within a compressed timeline. The Bank’s ability to deliver seamless financial advisory and facilitate under complex conditions highlights its expertise in supporting both local and international clients with tailored solutions.
“At Nations Trust Bank, we are proud to have enabled a transaction that not only strengthens Sri Lanka’s apparel industry but also contributes to national economic resilience. This deal exemplifies our commitment to facilitating foreign investment, preserving employment and livelihoods of rural communities, and supporting industries that are critical to the country’s growth,” said Nations Trust Bank’s Executive Vice President – Corporate Banking, Senal Seneviratne.
The transaction also provided relief to the divesting entity, further stabilizing the financial ecosystem and reinforcing NTB’s role as a responsible and forward-looking financial institution.
By stepping in during a period of uncertainty, marked by global tariff pressures and local economic challenges, NTB demonstrated its strategic alignment with Sri Lanka’s development goals and its vision of building trust in better. As Sri Lanka positions itself as a competitive investment destination, NTB continues to offer the expertise and agility required to structure transformative deals that deliver real impact.
About Nations Trust Bank
Nations Trust Bank PLC serves a diverse range of customers across Consumer, Commercial and Corporate segments through multi-channel customer touch points spanning both physical and digital. The Bank focuses on digital empowerment through cutting-edge digital banking technologies. Nations Trust Bank PLC is an issuer and sole acquirer of American Express Cards in Sri Lanka with market leadership in the premium market segments.
