Srilanka, Sept. 27 -- Nations Trust Bank PLC (NTB) announced the signing of a binding sale and purchase agreement to acquire Hongkong and Shanghai Banking Corporation's (HSBC) retail banking business in Sri Lanka.
This transaction covers the retail banking operations of HSBC Sri Lanka, which includes premium banking customers, credit cards, retail loans and accounts of approximately 200,000 customers. As such, this agreement will further enhance NTB's ability to serve a larger share of Sri Lanka's premium retail banking clientele and augment its strategic goals.
Demonstrating its financial strength and disciplined approach to growth, NTB has funded this investment entirely through internally generated funds, underscoring its robust bala...