Pan Asia Bank named fastest growing commercial bank in Sri Lanka again

Pan Asia Bank, which has been expanding the horizons of the local banking industry with its innovative banking products and impressive growth record, has been recognized again as the ‘Fastest Growing Commercial Bank in Sri Lanka 2016’ by Global Banking & Finance Review for the third consecutive year.

London-based Global Banking and Finance Review annually recognizes outstanding achievements in the financial services industry. The Awards reflect the innovation, achievement, strategy, progressive and inspirational changes taking place within the Global Financial community.

In addition, Pan Asia Bank’s innovative Children’s Savings product “Daskam” which offers an additional 10 percent deposit from the bank on top of each and every deposit that the customer make, with an enhanced interest rate of 8 percent (8.33 A.E.R) on the total balance, was awarded the ‘Most Innovative Banking Product in Sri Lanka – 2016’.

Speaking to the media, Pan Asia Bank Director/ceo Dimantha Seneviratne commented, “It is always satisfying and encouraging to see that our efforts, contributions and achievements are duly recognized locally and internationally. Awards of this nature remind us of the responsibility that is upon us to continue to strive for excellence as the society naturally expects more from successful organizations.”

He further added that Pan Asia Bank, which commenced operations in 1995 has been steadily expanding its footprint and currently operates with a network of 80 branches across the island.

“During the last few years, the bank has grown rapidly in terms of both size and performance. In fact in 2015, Pan Asia Bank exceeded the Rs100 billion balance sheet size which now stands at Rs 120 billion and achieved Rs 1 billion in Profits After Tax. I take this opportunity to extend my gratitude to all our customers who placed confidence on us which made this journey both exciting and rewarding throughout,” said Seneviratne.