The Nations Trust Bank (NTB) Group recorded a profit before tax (PBT) of Rs. Supporting the loan growth and economic recovery efforts, average yields on loans reduced by 350 bps. A net reduction in yields in the FIS portfolio also contributed to the decline in net interest income. Positive flows in the past due buckets together with lower exposures in most risk buckets, reflects a 193 bps reduction in the non-performing loan ratio. The impact stemming from the rate differential in income tax and deferred tax relating to the financial year ended 31 December 2020 was reversed using the applicable new tax rate of 24%.

Source: The Nation November 12, 2021 07:02 UTC