Pan Asia Bank Delivers Record First Quarter Growth as Profit Before Tax Rises 13% to Rs. 1.65 Billion
Pan Asia Banking Corporation PLC has reported a strong financial performance for the first quarter of 2026, recording its highest-ever quarterly growth in both deposits and advances while achieving a 13% increase in Profit Before Tax (PBT) to Rs. 1.65 billion.
Despite ongoing geopolitical uncertainties and volatility in the global economy, the Bank delivered a resilient performance, posting a Profit After Tax (PAT) of Rs. 1.05 billion. Net Interest Income grew by 12% to Rs. 3.41 billion, while Net Fee and Commission Income surged by an impressive 55% to Rs. 770 million, reflecting stronger lending activity, trade finance growth, card-related services, and remittance inflows.
The Bank’s balance sheet expanded significantly during the quarter. Total assets increased by 9% to Rs. 334.61 billion, while gross loans and advances rose by 10% to Rs. 239.49 billion, representing the highest quarterly loan growth in the Bank’s history. Customer deposits also recorded a record quarterly increase of 10%, reaching Rs. 254.19 billion, supported by robust growth in both term deposits and CASA balances.
Asset quality continued to improve, with the Stage 3 Loans to Total Loans ratio declining to 1.57% from 1.73%, remaining among the lowest in the banking industry. Credit loss expenses fell sharply by 93% year-on-year, supported by recoveries and prudent risk management practices.
Chairman Aravinda Perera stated that the Bank had commenced 2026 on a strong footing, driven by disciplined execution, sound governance, and customer confidence. Director/CEO Naleen Edirisinghe highlighted the Bank’s broad-based growth across corporate, SME, and retail segments, noting that Pan Asia Bank remains focused on sustainable growth, operational efficiency, digital transformation, and long-term value creation.
With capital adequacy and liquidity ratios comfortably above regulatory requirements, Pan Asia Bank enters the remainder of 2026 well-positioned to sustain growth while maintaining financial resilience.
