Pan Asia Bank crosses Rs. 350 Bn assets as half year profits rises 16% to Rs. 2.5 Bn
Sri Lanka, Aug. 14 -- Pan Asia Banking Corporation PLC reported a strong financial performance for the six months ended 30 June 2026, posting a Profit After Tax (PAT) of Rs. 2.5 billion. The Bank's results were driven by continued business momentum, reflected in a 13% growth in Net Interest Income and a 28% increase in Net Fee and Commission Income compared to the corresponding period in 2025.
Demonstrating a prudent and forward-looking risk management approach, Pan Asia increased its impairment charge by 32% during the year under review. This strategic measure further strengthened the Bank's provision buffer, ensuring greater resilience and preparedness to navigate potential market challenges and unforeseen economic disruptions.
Demons...
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