NTB has signed a Sale & Purchase Agreement (24 Sep-25) with HSBC Sri Lanka to acquire its retail banking business for LKR 18.0Bn.
This transaction is set to add approximately 200,000 customers across deposits, loans and cards.
The deal is expected to conclude in 1H2026, subject to CBSL approval.
The bank noted that the transaction structure includes staff transfers to support a seamless customer experience.
Moreover, the deal is aimed at strengthening its retail base and consolidating its presence in premium banking.
-Source: First Capital Research-
