Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC was recognized for its superlative performance at the recently held National Business Excellence Awards (NBEA) 2015, becoming the only private sector commercial bank to receive the coveted award.
Commenting on the achievement made in a very short span, the bank’s Director/Chief Executive Officer, Dimantha Seneviratne attributed the robust growth and success of the bank to the untiring efforts of its employees to understand the and fulfill customer requirements and also to the strategic direction provided by the Chairman and the board of directors.
“If not for the correct guidance and support from the Board and our fellow team members who go that extra mile to delight our customers, this achievement would not have been possible. I also extend my gratitude to all our customers who placed confidence on us which made this journey both exciting and rewarding throughout,” said Seneviratne.
During the first nine months ended September 30, 2015, Pan Asia Bank increased its net profit by as much as 171 percent to Rs.751 million while surpassing the Rs.100 billion asset base.
Pan Asia Bank grew its gross loans and receivable by as much as 29 percent or Rs.18.4 billion, one of the highest in the industry and accounts for 5 percent of the total private credit growth in the economy.