Friday Dec 05, 2025
Friday Dec 05, 2025
Friday, 5 December 2025 02:00 - - {{hitsCtrl.values.hits}}
NTB Director/CEO Hemantha Gunetilleke (right) and HSBC Sri Lanka C2EO Mark Surgenor at the signing of the agreement
Nations Trust Bank PLC (NTB) has announced that it has received approval from the Central Bank of Sri Lanka (CBSL) to acquire HSBC’s Sri Lankan retail banking business.
The deal is worth Rs. 18 billion and applicable taxes, if any.
NTB and HSBC signed a binding Sale and Purchase Agreement in September this year, with completion expected in the first half of 2026.
The acquisition of HSBC Sri Lanka’s retail banking business will bring approximately 200,000 customer accounts under NTB, including premium banking clients, credit cards, and retail loans. This strategic move strengthens NTB’s position to serve a larger share of Sri Lanka’s premium retail banking segment and aligns well with its long-term growth objectives.
NTB Director/CEO Hemantha Gunetilleke said: “The approval from CBSL gives us the go-ahead to move forward with the acquisition process, which is currently progressing very well. We are now able to move into the next phase of the project with confidence.”
HSBC Sri Lanka CEO Mark Surgenor said: “Our priority during this period is to uphold the highest service levels for our customers and ensure that our colleagues are well supported during the transition into NTB. We are working closely with NTB towards a seamless transfer of banking services upon completion of the transaction.”
The acquisition marks a significant step in strengthening NTB’s leadership in premium retail banking and its commitment to delivering exceptional value to customers, the bank said.
