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The Nations Trust Bank is in a strong financial position, backed by three major shareholders, John Keells Holdings, Central Finance and International Finance Corporation. The three shareholders are direct equity investors and own 15%.

"We will do things in a way that suit you and in a manner that will suit your business. Therefore our clients can keep their confidence on us when they deposit their money", Chief Executive Officer of the Nations Trust Bank Moksevi Prelis said at the opening of the Kurunegala Branch recently.

The Nations Trust Bank has started by taking over the Overseas Trust Bank branch which was in Colombo.

The core of the bank itself has given a certain international flavour because some of the employees and the systems have come with it. "After we took over the bank we added the best banking practices that one can find in the country", he said.

The bank has worked out clear strategies in detail for the next five years and beyond and hopes to grow wider. "We will be doubling our assets at the end of this year", he said.

They have taken over the Kandy branch of the Standard Chartered Bank, which is an international bank, the personal banking section of the Deutsche Bank and an investment bank known as the Walldock Mackenzie which has a portfolio of Rs.3.5 billion.

They have also taken over the entire Sri Lankan operations of the American Express Bank including the franchise of foreign exchange services.

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Copyright 2001 The Associated Newspapers of Ceylon Ltd.
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