1.0 Company Profile
Pan Asia Banking Corporation PLC is a public limited liability company incorporated in SriLanka on 6
March 1995 under the company¶s act of No.17 of 1982 and reregistered under thecompanies act No.07 of 2007. A licensed commercial bank and listed in the Colombo stock exchange.Despite the challenging economic conditions Pan Asia Bank has shown positive signs towardsgrowth, its major strengths are its Human capital and Liquidity management which in turn havecontributed towards reaching many milestones.Company¶s unique mission is to create the largest satisfied customer base by providing professional, personalized, secure, quality banking and financial services, using moderntechnology and innovative products. With excellent service quality standards and personalizedservices to its customers has allowed them to widen the customer portfolio.
ecord earnings: Gross Income grew by 19% to reach Ts. 3862 Mn and Operating profit up by 69% to
s. 874 Mn.
Strong Balance Sheet : Total Assets grew by 14% to
s. 21,559 Mn
Customer Deposits grew by 13% to
s. 16,329 Mn
anaviru Harasara project was awarded with a ³Merit´ fromthe Ceylon Chamber of Commerce.
A year of change with several key changes in personnel, processes andimprovement in controls.Today Pan Asia¶s branch network has widen to 37 online branches and is embarking on anambitious branch expansion programme by expanding the services across the country speciallyin the North and East and has plans for significant growth for the next two years