HomeNewsAchieving Growth Amidst Adversity: Pan Asia Banking’s Success Story

Achieving Growth Amidst Adversity: Pan Asia Banking’s Success Story

Published on

Pan Asia Banking Corporation PLC demonstrated a resilient performance in the face of various challenges. The bank achieved a notable pre-tax profit of Rs. 2,328 Mn for the fiscal year ending December 31, 2023, marking a remarkable 258% increase compared to the previous year. This growth was attributed to improved net interest income, increased trading gains from government securities, and reduced exchange losses. Such positive results are a testament to the bank’s judicious portfolio management and prudent approach in navigating challenging economic conditions.

Latest articles

Kaushala Amarasekara Wins CGMA Digital Transformation Award – Asia Pacific

AICPA & CIMA, together as the Association of International Certified Professional Accountants, honoured Kaushala...

TikTok Faces Ban: What It Means for Millions of Users

The Supreme Court has upheld a contentious law requiring TikTok to secure a non-Chinese...

The Journey of Passion and Purpose: Insights from Darshana Jayasinghe

Darshana Jayasinghe stands as a distinguished figure in the marketing world, known for his...

Transforming Spaces with Purpose: A Conversation with Dilushi Mendis

In a recent conversation with Ms Dilushi Mendis, Chartered Architect and Managing Director at...

More like this

Kaushala Amarasekara Wins CGMA Digital Transformation Award – Asia Pacific

AICPA & CIMA, together as the Association of International Certified Professional Accountants, honoured Kaushala...

TikTok Faces Ban: What It Means for Millions of Users

The Supreme Court has upheld a contentious law requiring TikTok to secure a non-Chinese...

The Journey of Passion and Purpose: Insights from Darshana Jayasinghe

Darshana Jayasinghe stands as a distinguished figure in the marketing world, known for his...