The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2023
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: First Trust Bank, Ltd.
Address: P.O. BOX N-7776, BAYSIDE EXECUTIVE PARK
BUILDING 2, 2ND FL., WEST BAY STREET
NASSAU, C5  99999
Form 13F File Number: 028-12532
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Udayan Roy
Title: Chief Executive Officer
Phone: 242-362-4904
Signature, Place, and Date of Signing:
/s/ Udayan Roy NassauC5 04-28-2023
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK
Black Creek Investment Management Inc. 028-15603 000161344 801-74333 0001528593
BAILLIE GIFFORD & CO 028-04825 000304197 802-116796 0001088875
Sanders Capital, LLC 028-14100 000151480 801-70661 0001508097
Epoch Investment Partners, Inc. 028-10968 000131556 801-63118 0001305841
Vulcan Value Partners, LLC 028-15045 000151190 801-70739 0001556785
Veritas Asset Management LLP 028-14794 000174314 801-89169 0001541448
JUPITER ASSET MANAGEMENT LTD 028-13273 000306863 801-121221 0001215838
East Coast Asset Management, LLC. 028-15537 000147910 801-69456 0001579254
Polaris Capital Management, LLC 028-11073 000106278 801-43216 0001316926
Templeton & Phillips Capital Management, LLC 028-23013 000149101 801-70802 0001961304
Holowesko Partners Ltd. 028-13025 000155703 801-71999 0001428569
Moerus Capital Management LLC 028-19251 000282399 801-107225 0001742647
Metropolis Capital Ltd 028-18978 000291699 801-112310 0001765388
TREMBLANT CAPITAL GROUP 028-11746 000138743 801-71560 0001353312
Brown Advisory Ltd 028-18857 000168985 801-80609 0001742040
JENNISON ASSOCIATES LLC 028-00074 000107959 801-5608 0000053417
Lindsell Train Ltd 028-13815 000158323 801-72541 0001484150
AMERICAN CENTURY INVESTMENT MANAGEMENT INC 028-01091 000105778 801-8174 0000052388
Coronation Investment Management International (Pty) Ltd 028-17489 000281225 801-106590 0001681639
Troy Asset Management Ltd 028-16709 000319174 801-125739 0001601407
Bares Capital Management, Inc. 028-12210 000114428 801-63780 0001340807
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 2
Form 13F Information Table Value Total: 22,188,030
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE