Dec 01,2014 (LBO) –Sri Lanka’s Fitch Ratings has withdrawn the expected rating of 'A(lka)(EXP)' assigned to Nations Trust Bank PLC's proposed senior unsecured debentures of up to three billion rupees as the bank no longer expects to proceed with the debt issue, the rating agency said in a media release.
The expected rating was assigned on 29 October 2014.
NTB's loan growth slowed during first half of 2014 to 4 percent from 12 percent in 2013, although it was still above the sector average.
NTB's exposure to the SME, consumer lending, credit card and lease segments increased to 77 percent of gross loans at end-1H14 from 75 percent at end-2013.
The expected rating was assigned on 29 October 2014.
NTB's loan growth slowed during first half of 2014 to 4 percent from 12 percent in 2013, although it was still above the sector average.
NTB's exposure to the SME, consumer lending, credit card and lease segments increased to 77 percent of gross loans at end-1H14 from 75 percent at end-2013.
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