Pan Asia Bank recognised once again in Business Today’ Top 30 ranking for 2019-20

Pan Asia Bank Director/CEO Nimal Tillekeratne

Going from strength to strength, the nation’s Truly Sri Lankan Bank, Pan Asia Bank has been yet again included among the Top 30 corporates in Sri Lanka by ‘The Business Today’, Sri Lanka’s premier

business magazine in its latest evaluation, on the back of its strong financial performance, business excellence and good governance standards, recording an impressive growth of 53% during the year, a testimonial to its resilience amidst challenging conditions. 

Business Today’s Top 30 is an independent ranking of the country’s listed entities based on a comprehensive evaluation of an entity’s financial and non-financial performance for the financial years ended in December 2019 and March 2020 conducted with the assistance of KPMG Sri Lanka.

Acknowledging the accolade, Pan Asia Bank Director/CEO Nimal Tillekeratne said, “We are delighted to improve our standing in Business Today’s prestigious ranking of the Top 30 corporate entities for the year 2019-2020 – and even more as we celebrate Pan Asia Bank’s 25th anniversary this year. In addition to the superlative financial performance the bank has also taken a customer centric approach in introducing innovative and thoughtful products aimed at fulfilling the needs of various customer segments. 

“Our identity as a Truly Sri Lankan Bank inspires us to cater to the needs of our customers and spurs us to consistently serve the needs of customers and the wider society. Outperforming the industry average in the face of the challenges seen in the 2019-20 year reflects our effective business model and financial expertise. I would like to extend my sincere thanks to the Bank’s customers, staff members, shareholders and partners for their support and confidence without whose support our success would not have been possible.”

Pan Asia Bank, also played a pivotal role in making a positive impact in the sphere of sustainability. This saw the bank which is a pioneer promoter in green financing in Sri Lanka being awarded with the prestigious ‘Global Climate Partnership Award’ by Global Climate Partnership Fund (GCPF) in 2019, one of the world’s largest climate funds which recognizes outstanding performance and impact across categories such as capacities and skills, institutional capacities and green lending offerings, as well as outstanding energy efficiency or renewable energy projects. This recognition allows the bank to strengthen its future growth trajectory to go beyond the extra mile.

Pan Asia Bank has operated successfully in the market for 25 years and is fully geared to introduce innovative products and services for the benefit of customers. Going ahead, the Bank remains dedicated to meeting the financial needs of customers with greater innovation and customer-centricity. Currently celebrating its 25th anniversary, Pan Asia Bank pledges to fulfill its duty and promise as the ‘Truly Sri Lankan Bank’. This award will help uplift the morale of the staff and boost confidence in our stakeholders that Pan Asia Bank is on the right track to sustain its strong performance and growth into the future.