NTB facilitates Rs. 2.7 b FDI into Sri Lanka apparel sector

Thursday, 2 October 2025 00:00 - - {{hitsCtrl.values.hits}}

From left: Q Collection Ltd. Group CEO and Director Selvaraj Senthil Selvan, Chairman, Muhammad Ghulam Faruq, Nations Trust Bank PLC Director/CEO Hemantha Gunetilleke, Executive Vice President – Corporate Banking Senal Seneviratne

Nations Trust Bank PLC (NTB) has facilitated a 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 Rs. 2.7 billion, 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 manufacturing capacity, and sends a 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.

Nations Trust Bank’s Executive Vice President – Corporate Banking Senal Seneviratne said, “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.”

The transaction also provided relief to the divesting entity, further stabilising the financial ecosystem.