Company Overview and News
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?
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.
(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:
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.
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.
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.
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.
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 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.
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.
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