NTB Gets Regulators’ Nod to Take Over HSBC Retail Banking

Nations Trust Bank has received approval from the Central Bank to acquire HSBC Sri Lanka’s retail banking business in a deal worth Rs. 18 billion plus taxes. The transaction, signed earlier this year and expected to close in the first half of 2026, will shift around 200,000 customer accounts—including premier clients, credit cards and retail loans into NTB’s portfolio.

The acquisition strengthens NTB’s presence in the premium retail segment and expands its deposit base and lending capacity. HSBC says customer service quality will remain its priority during the transition, while NTB has assured a smooth integration process.

Analysts say the move signals a major consolidation in the banking sector, reflecting the global retreat of foreign retail banks and offering NTB new opportunities to deepen its market influence. Regulators will monitor the process closely to protect depositor interests and ensure uninterrupted banking services.

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