Pan Asia Bank Company Profile and Operations

Pan Asia Bank is a financial institution with a rich history and a strong presence in the region. It was founded in 1987.

The bank has a diverse range of products and services, including corporate banking, retail banking, and Islamic banking. Its operations span across several countries in Asia.

Pan Asia Bank has a significant presence in the market, with a large network of branches and ATMs. It has a strong customer base, with a wide range of individual and corporate customers.

The bank's goal is to provide innovative and customer-centric financial solutions, while maintaining a strong commitment to corporate social responsibility.

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Pan Asia Banking Corporation PLC is a Sri Lanka-based commercial bank that was incorporated in 1995. It's a significant player in the country's financial sector.

The bank's principal business activities are commercial banking and related financial services, which are categorized into three main segments: Corporate Banking, Retail & SME Banking, and Treasury & Investments.

Here are some key facts about the bank's operations:

The bank has a strong presence in Colombo, with its headquarters located at No. 450, Galle Road, Colombo 03, Sri Lanka. You can reach them by phone at +94 112565565 or fax at +94 112565558. Their website is https://www.pabcbank.com/.

Pan Asia Banking Corporation PLC is a Sri Lanka-based commercial bank that's been around since 1995. It's a significant player in the country's banking scene.

The bank's main focus is on commercial banking and related financial services. This includes offering a range of services to corporate customers, such as loans, overdrafts, and deposits.

Let's take a look at the bank's segments:

The bank's principal business activities are well-established, with a strong presence in the Sri Lankan market. It has a significant revenue of LKR 30.78 billion (TTM) and a net income of LKR 4.13 billion.

You can find the bank's headquarters at No. 450, Galle Road, Colombo 03, Sri Lanka. If you need to get in touch, you can call them at +94 112565565 or fax them at +94 112565558.

The Executive Committee at Pan Asia Banking Corporation PLC is a team of experienced leaders who oversee the company's operations. Naleen Edirisinghe serves as the CEO, taking on this role since March 2023.

The team is led by Naleen Edirisinghe, who has been at the helm since March 2023. Suranga Fernando holds the position of Director of Finance/CFO, while Gerald Wanigaratne is the Chief Tech/Sci/R&D Officer.

Nayanthara Fernando has been with the company since December 1997, serving as the Corporate Secretary. Chandrasiri Kalupahana is the Corporate Officer/Principal, with an unknown start date.

Here is a brief overview of the Executive Committee members:

The Board of Directors at Pan Asia Banking Corporation PLC is made up of experienced professionals.

Mahawaduge Yasalal Perera serves as the Chairman of the Board, a position he has held for an unknown duration.

The Board has a diverse range of members, including Nayanthara Fernando, who has been a Director since 1997-12-31, and Joseph Dacius Nihal Kekulawala, who joined the Board on 2016-07-31.

Other notable members include Biyanwilage Perera, who joined the Board on 2021-03-31, and Sandra Walgama, who joined on 2021-12-31.

Here is a list of the current Board members:

The Board also has a Chief Executive Officer, Naleen Edirisinghe, who has been in the position since 2023-03-30.

Pan Asia Bank's sales by activity show a mix of growth and decline across different sectors. Retail and SME Banking sales peaked at 9.54B in 2021.

The bank's treasury and investments sales have had a volatile ride, ranging from 1.61B in 2020 to a significant decline of -3.1B in 2022. However, in 2023, sales rebounded to 1.46B.

Corporate Banking sales have been relatively low, with a high of 259M in 2019 and a low of -412M in 2020.

The bank's capitalization has been relatively stable, ranging from 41.43M in 2023 to 15.49B in 2019. The P/E ratio has also fluctuated, with a high of 4.56x in 2023 and a low of 2.1x in 2022.

Sales by Activity is a crucial aspect of a company's financial performance. It helps us understand how different business segments contribute to the overall revenue.

Retail and SME Banking was the highest-grossing segment for Pan Asia Banking Corporation PLC in 2019, with sales of 6.32 billion. This segment saw a slight decline in 2020, but then experienced a significant increase in 2021, reaching 9.54 billion.

In contrast, Treasury and Investments had a more volatile performance, with sales ranging from 1.35 billion in 2019 to -3.1 billion in 2022. The segment bounced back in 2023, reporting sales of 1.46 billion.

Corporate Banking, on the other hand, struggled to maintain consistent sales. The segment reported a decline in sales from 259 million in 2019 to -412 million in 2021, before recovering slightly in 2022 and 2023.

Here's a breakdown of the sales by activity for Pan Asia Banking Corporation PLC:

Let's dive into the world of valuation, where numbers tell a story about a company's worth. The P/E ratio is a popular metric used to gauge a company's valuation, and Pan Asia Banking Corporation PLC has seen its P/E ratio fluctuate over the years.

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In 2022, the P/E ratio was 2.1x, while in 2023, it jumped to 4.56x.

The enterprise value (EV) is another key metric that helps us understand a company's valuation. For Pan Asia Banking Corporation PLC, the EV in 2022 was a staggering 33.69B.

Here's a breakdown of the EV for Pan Asia Banking Corporation PLC over the years:

The EV-to-sales ratio is another important valuation metric. In 2022, Pan Asia Banking Corporation PLC's EV-to-sales ratio was 2.46x, while in 2023, it rose to 2.84x.

Free float, which refers to the percentage of a company's shares available for trading, is not publicly disclosed for Pan Asia Banking Corporation PLC.

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At Pan Asia Bank, the operations team is dedicated to providing seamless banking experiences to customers. They achieve this through a combination of modern technology and efficient processes.

The bank's operations team is equipped with state-of-the-art systems, including a core banking system that allows for real-time transactions and account management. This system enables customers to access their accounts and perform transactions 24/7.

One of the key benefits of Pan Asia Bank's operations is its ability to offer mobile banking services to customers. This allows customers to access their accounts and perform transactions on-the-go, making banking more convenient and accessible.

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Sales geography plays a crucial role in the success of a bank's operations, and Pan Asia Banking Corporation PLC is no exception. The company's sales have been steadily increasing in Sri Lanka, with a notable surge in 2021.

In 2019, Pan Asia Banking Corporation PLC's sales in Sri Lanka were at 7.93 billion. This number decreased slightly to 7.76 billion in 2020, but then jumped to 9.54 billion in 2021, a significant increase of 1.78 billion.

The sales figures for Sri Lanka in 2022 and 2023 are 5.75 billion and 9.38 billion, respectively.

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Pan Asia Bank is a public limited company incorporated in Sri Lanka. It has 85 branches across the country, as of 2022. The bank was founded on March 6, 1995, and is listed on the Colombo Stock Exchange.

The bank's major shareholder is Dhammika Perera, and it has a total of 1,403 employees as of 2022. Pan Asia Bank's total assets stood at LKR208.049 billion in 2022.

Here's a snapshot of the bank's financial performance in 2022:

The bank has also been recognized for its digital banking offerings, launching a new enhanced internet banking platform.

In the context of bank operations, a control system is crucial for managing and monitoring various banking activities.

The Pan Asia Banking Corporation Plc has a comprehensive control system in place, which includes credit cards, debit cards, personal loans, and housing loans.

One of the key features of their control system is the indicative rate of interest, which varies depending on the type of loan and the tenure. For instance, the indicative rate for a personal loan can be as high as 26% per annum.

The bank also offers different types of savings accounts, each with its own indicative rate of interest. Regular savings accounts offer up to 3.00% per annum, while special savings accounts offer up to 6.50% per annum.

Here's a breakdown of the indicative rates for different types of savings accounts:

The control system also includes a range of fixed deposit options, with indicative rates of interest varying depending on the tenure. For example, a 1-month fixed deposit offers 6.50% per annum, while a 3-month fixed deposit offers 6.75% per annum.

Commercial banks play a vital role in the economy, and their operations are a crucial aspect of banking. Pan Asia Banking Corporation PLC, for instance, reported a 5-day change of -4.15% in its stock price.

The bank's sales by activity also provide valuable insights into its operations. In the retail and SME banking segment, Pan Asia Banking Corporation PLC generated $7.91B in revenue for the year 2023.

One of the key areas of focus for commercial banks is credit facilities. Pan Asia Banking Corporation Plc offers personal loans with an indicative rate of 26% per annum, with a maximum loan amount of LKR 7,000,000.

Another important aspect of commercial banking is deposit accounts. Pan Asia Banking Corporation Plc offers regular savings accounts with an indicative rate of up to 3.00%.

Here's a summary of the indicative rates offered by Pan Asia Banking Corporation Plc for different types of savings accounts:

Pan Asia Bank has been making headlines with various announcements and reports in recent years.

The bank announced the retirement of Mr. Hiroyuki Ota, a Non-Executive and Non-Independent Director, who was also a member of the Board Related Party Transaction Review Committee, on December 12.

Pan Asia Banking Corporation PLC has been releasing its earnings results on a quarterly basis, with the latest reports available for the third quarter and nine months ended September 30, 2024, as well as the second quarter and six months ended June 30, 2024.

The bank's board has undergone changes, with Dharshanie Perera being appointed as a Non-Executive Independent Director to the Board Audit Committee on May 29, 2024.

Here is a summary of the bank's recent board changes:

These changes reflect the bank's efforts to adapt to the ever-changing market landscape and ensure its continued success.