NTB facilitates foreign investment in apparel sector
View(s):Nations Trust Bank PLC (NTB) has successfully facilitated a landmark foreign investment in Sri Lanka’s apparel industry, reinforcing its position as a trusted financial partner for complex cross-border transactions and structured finance solutions.
The transaction, valued at Rs. 2.7 bilion, saw Q Collection, a Singapore-headquartered apparel firm with operational roots in Bangladesh, acquire two subsidiaries of a Sri Lankan apparel group. This strategic move not only injects new capital into a vital export sector in Sri Lanka, but also preserves over 2,400 jobs with the potential of creating additional employment, revives dormant manufacturing capacity, and sends a strong signal of investor confidence in Sri Lanka’s economic trajectory, the bank said in a media release.
NTB’s Corporate Banking team played a pivotal role in structuring and financing the transaction, navigating legal and regulatory frameworks across three jurisdictions, viz., Sri Lanka, Bangladesh, and Singapore, within a compressed timeline. The bank’s ability to deliver seamless financial advisory and facilitate under complex conditions highlights its expertise in supporting both local and international clients with tailored solutions.
“This deal exemplifies our commitment to facilitating foreign investment, preserving employment and livelihoods of rural communities, and supporting industries that are critical to the country’s growth,” said Nations Trust Bank’s Executive Vice President – Corporate Banking, Senal Seneviratne.
The transaction also provided relief to the divesting entity, further stabilising the financial ecosystem and reinforcing NTB’s role as a responsible and forward-looking financial institution.
By stepping in during a period of uncertainty, marked by global tariff pressures and local economic challenges, NTB demonstrated its strategic alignment with Sri Lanka’s development goals and its vision of building trust in better. As Sri Lanka positions itself as a competitive investment destination, NTB continues to offer the expertise and agility required to structure transformative deals that deliver real impact, the release said.
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