Pan Asia Bank shines at 2021 National Business Excellence Awards

Pan Asia Bank Senior Deputy General Manager Naleen Edirisinghe along with Pan Asia Bank Chief Financial Officer Suranga Fernando accepting the award and certificate from NCCSL Treasurer Gamini Wimalasuriya and the distinguished guests Prof. Ajantha Dharmasiri and K.A.D. Wijayawardane

• Bestowed awards in 2 categories

The ‘Truly Sri Lankan Bank’, Pan Asia Bank, was bestowed with two major awards at the recently-held National Business Excellence Awards – the Runner-up award in the Banking sector and the Merit award for Corporate Governance. 

The much-awaited annual ‘National Business Excellence Awards 2021’ (NBEA) is one of the pioneering awards competitions hosted by the National Chamber of Commerce of Sri Lanka (NCCSL), which recognises and rewards organisations that have excelled in all-round performance in criteria such as Corporate Governance, Capacity Building, Performance Management, Global and Local Market Reach, Corporate Social Responsibility & Environmental Sustainability, and Business and Financial Results. The winners of these NBEA awards position Sri Lanka as a country with excellently managed organisations, thereby making it attractive for both local and international investors and as a source for products and services, apart from encouraging others to emulate their performance.

Commenting on the double accolades, Pan Asia Bank Managing Director/Chief Executive Officer Nimal Tillekeratne said, “We are delighted to win Runner-up award in the Banking sector and the Merit award in the Corporate Governance category – and that too against the backdrop of pandemic-induced challenges. Pan Asia Bank has delivered a strong financial performance in 2021 despite the circumstances and has been recognised in the recent past by many local and global reputed institutions for excellence in the banking sphere. This new recognition by NBEA by National Chamber of Commerce for Pan Asia Bank places us at the forefront of the sector despite being one of the youngest banks while making The Truly Sri Lanka Bank a symbol of business excellence in Sri Lanka.”

Pan Asia Banking Corporation PLC posted a remarkable performance for the year 2021 to report a Pre-Tax Profit of Rs. 4,034 million and a Post-Tax Profit of Rs. 3,075 million with growth rates of 42% and 50% respectively, while demonstrating the resilience amidst challenging macroeconomic conditions. The bank’s performance was characterised by strength and resilience, despite the heightened uncertainty due to the impact of the COVID-19 pandemic. 

Pan Asia Bank has stepped forward to support its customers through this challenging period by rescheduling loans to suit their cash flow and by offering an array of other financial solutions to ease financial hardship. Pan Asia Bank has strengthened its corporate governance structure by adopting high ethical standards and practices to safeguard the financial stability of the bank. All policy directions and guidance from regulatory authorities are complied with to the fullest.

As one of the most awarded entities in the country, Pan Asia Bank received a host of local and international accolades for various aspects such as profitability improvement, growth, cash management, treasury function, green financing, product innovation and so on. Some of the key awards won during the year include Best Bank in Treasury Management Sri Lanka 2021, Most Sustainable Green Bank Sri Lanka 2021 and Best Banking Product Sri Lanka 2021 for the ‘Sammana’ product from World Business Outlook Awards; and Best Green Bank in Sri Lanka 2021 and Best Bank for Treasury Activities Sri Lanka 2021 from Global Banking & Finance Awards. The bank was also recently recognised as the Runner-up in the ‘Product Innovation’ category of the Client Innovation Awards 2021, by Infosys Finacle.  

Backed by these sound credentials, Pan Asia Bank, the Truly Sri Lankan Bank, is committed to bring the customer innovative groundbreaking products with “Truly Sri Lankan” service excellence.