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Pan Asia Bank posts Rs 1.8 bn PBT for 9 months

2017-10-31 lankabusinessonline
(PRESS RELEASE) – Pan Asia Banking Corporation PLC recorded modest performance during its third quarter as well as for the first nine months amid challenging macroeconomic factors including higher interest rates and slowdown in demand for new loans.

Bond Scam: Will Mandate Of PCoI Be Allowed To Lapse Without Key Witnesses?

2017-10-11 colombotelegraph
Will the mandate of the Presidential Commission of Inquiry (PCoI) into the alleged Central Bank bond scam be allowed to lapse without key witnesses being called?

Sri Lanka’s Pan Asia Bank secures USD33Mn for green lending business

2017-10-11 lankabusinessonline
Oct 11, 2017 (LBO) – Sri Lanka’s Pan Asia Banking Corporation (PABC) has secured a US 33 million dollar funding arrangement with the Global Climate Partnership Fund, the bank said in a statement.

Fitch Affirms Five Small and Mid-Sized Sri Lankan Banks

2017-10-03 lankabusinessonline
(PRESS RELEASE) – Fitch Ratings-Colombo-03 October 2017: Fitch Ratings Lanka has affirmed the National LongTerm Ratings on five small and mid-sized Sri Lankan banks. The banks are: (0-2)

Fitch affirms five small and mid-sized Sri Lankan banks

2017-10-03 lankabusinessonline
Oct 03, 2017 (LBO) – Sri Lanka’s Fitch Ratings has affirmed the National Long-Term Ratings on five small and mid-sized Sri Lankan banks. (0-3)

CB suspends Pan Asia Bank primary dealership for 6 months

2017-08-15 lankabusinessonline
Aug 15, 2017 (LBO) – Sri Lanka’s Central Bank has suspended business activities of the primary dealer of Pan Asia Banking Corporation (PABC) for a period of six months with effect from Tuesday.

Pan Asia Bank completes Rs 2Bn rights issue

2017-03-08 lankabusinessonline
Mar 08, 2017 (LBO)- Sri Lanka’s Pan Asia Banking Corporation said they were successful in completing a rights issue to raise up to 2.06 billion rupees.

Sri Lankan shares hit more than 1-wk closing high; PABC boosts turnover

2016-12-29 lankabusinessonline
Dec 29, 2016 (Reuters) – Sri Lankan shares touched a more than one-week closing high on Thursday led by financials, with shares of Pan Asia Banking Corporation Plc accounting for 85 percent of the day’s turnover.

EPF Should Be Investigated Promptly As Recommended By COPE

2016-11-06 colombotelegraph
The COPE report on the bond scam in the Central Bank from February 2015 to May 2016 has come up with, among others things, a very strong recommendation relating to EPF.

Fitch Downgrades PABC, Affirms Four Small and Mid-Sized Banks; Revises UB Outlook to Positive

Fitch Ratings Lanka has downgraded Pan Asia Banking Corporation PLC’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’. The Outlook is revised to Stable from Negative. The agency has also revised the Outlook on the National Long-Term Rating of Union Bank of Colombo PLC (UB) to Positive from Stable, and affirmed its rating at ‘BB+(lka)’. The National Long-Term Ratings on Nations Trust Bank PLC (NTB), SANASA Development Bank PLC (SDB) and Amana Bank PLC (Amana) have been affirmed with a Stable Outlook.

Fitch downgrades PABC, Affirms four small and mid-sized banks

2016-10-17 lankabusinessonline
Oct 17, 2016 (LBO) – Sri Lanka Fitch has downgraded Pan Asia Banking Corporation’s (PABC) National Long-Term Rating to ‘BBB-(lka)’ from ‘BBB(lka)’ and confirmed ratings of four small, mid-size banks, a statement said.