Pan Asia Bank shines at National Business Excellence Awards

Team Pan Asia with the award and the certificate

 From left: Pan Asia Bank Chief Operating Officer Kamoor Sourjah along with CEO Dimantha Seneviratne accepting the award and the certificate from The National Chamber of Commerce of Sri Lanka (NCCSL) CEO Bandula Dissanayake while NCCSL President Thilak Godamanna looks on at the gala dinner held at Hilton Hotel  

Sri Lanka’s fastest growing commercial bank, Pan Asia Banking Corporation PLC was recognised 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.    

The fact that Pan Asia Bank received the merit award in the banking sector under the extra large category competing against much larger and older counterparts in the banking Sri Lankan banking industry makes the award much more significant as it came at a time when the bank is celebrating its 20th anniversary.

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 and fulfil 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 30 September, Pan Asia Bank increased its net profit by as much as 171% 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% or Rs. 18.4 billion, one of the highest in the industry and accounts for 5% of the total private credit growth in the economy. 

NBEA is the benchmark recognition for the businesses operating in Sri Lanka which has earned a strong reputation and recognition within the business community due to the high standards of evaluation and selection of winners. NBEA’s evaluation criteria cover all areas of a business and the winners are selected based on “who did well and did it right on behalf of their multiple stakeholders.