Pan Asia Bank

Pan Asia Bank, formally Pan Asia Banking Corporation PLC, is a Sri Lankan public limited company and licensed commercial bank. The institution was incorporated in Sri Lanka on 6 March 1995 under the Companies Act No. 17 of 1982 and was subsequently re-registered under the Companies Act No. 7 of 2007. Its banking activities are conducted under Sri Lanka's Banking Act No. 30 of 1988. The bank operates under the Pan Asia Bank brand and has developed a retail and commercial banking presence within Sri Lanka. The available reference material identifies a network of 85 branches across the country, indicating a nationwide rather than purely regional operating model. As a licensed commercial bank, its business scope is centered on the provision of banking and financial services, although the supplied sources do not provide a complete product catalogue or detailed breakdown of its customer segments. Pan Asia Bank is a public company listed on the Colombo Stock Exchange. The available reference identifies Dhammika Perera as the bank's major shareholder, but does not establish that he is the sole owner or provide a complete ownership structure. The bank has also received a local credit assessment from Fitch Ratings of BBB− (lka), with a Stable Outlook, according to the supplied reference material. In addition to its branch network, Pan Asia Bank has invested in digital banking. A referenced announcement describes an enhanced internet-banking platform intended to strengthen the bank's digital offering. This indicates a strategy combining physical distribution with online service delivery, although the available material does not provide sufficient detail to characterize the platform's full functionality, launch date, or adoption levels. The supplied sources also mention recognition from Bangladesh's central bank for the bank's role in preventing what was described as the world's largest bank heist. No further details, date, legal findings, or financial consequences are provided in the reference material, so the event is recorded cautiously as a reported recognition rather than a broader institutional claim. Pan Asia Bank's public identity is therefore that of an active Sri Lankan commercial bank with a Colombo Stock Exchange listing, a substantial domestic branch network, a developing digital-banking proposition, and an ownership profile in which Dhammika Perera is identified as the major shareholder. Detailed information about its founders, current executives, headquarters, financial performance, exact service portfolio, and corporate-group relationships is not established by the supplied sources.

Pan Asia Banking Corporation PLC was incorporated in Sri Lanka on 6 March 1995 under the Companies Act No. 17 of 1982. It was established as a public limited company and later re-registered under the Companies Act No. 7 of 2007, reflecting the subsequent development of Sri Lanka's corporate-law framework. The bank conducts its activities under the Banking Act No. 30 of 1988 and is described in the supplied reference as a licensed commercial bank. The institution operates under the Pan Asia Bank name and has built a domestic banking footprint across Sri Lanka. The available reference states that the bank has 85 branches, making branch distribution a central part of its customer-access model. The source material does not provide a detailed chronology of individual branch openings, regional expansion, product launches, or changes in operating strategy, so the development of the network cannot be reconstructed more precisely. Pan Asia Bank is listed on the Colombo Stock Exchange. Its public-company status distinguishes it from privately held banking institutions, although the supplied material does not identify a ticker symbol, market capitalization, issue history, or detailed shareholder register. Dhammika Perera is identified as the bank's major shareholder. This designation indicates a significant ownership position but does not, on the available evidence, establish sole control or the complete structure of any corporate group associated with the bank. The bank's operating model includes both conventional branch banking and digital delivery. A referenced announcement concerns an enhanced internet banking platform, showing that digital channels became an explicit area of product and service development. The available sources do not state the platform's precise release date, technical capabilities, customer base, or relationship to mobile-banking products. The supplied references also report that Pan Asia Bank received recognition from Bangladesh's central bank for preventing a major bank heist described as the world's largest. Because the available information does not identify the underlying transaction, date, operational participants, or any subsequent investigation, the event should be understood as a reported institutional recognition rather than a fully documented episode in the bank's history. A Fitch Ratings assessment of BBB− (lka) with a Stable Outlook is also cited in the reference material. No rating date, methodology discussion, or later rating action is supplied. Taken together, the available evidence presents Pan Asia Bank as an active Sri Lankan commercial bank with a nationwide branch presence, a Colombo Stock Exchange listing, a major shareholder identified as Dhammika Perera, and ongoing investment in internet banking. More detailed historical, financial, managerial, and product information requires additional authoritative sources.

• 2007

  Re-registration under the Companies Act No. 7 of 2007

  [1]Pan Asia Banken.wikipedia.org

  The bank was re-registered under Sri Lanka's Companies Act No. 7 of 2007.

• 1995

  Incorporation in Sri Lanka

  [1]Pan Asia Banken.wikipedia.org

  Pan Asia Banking Corporation PLC was incorporated on 6 March 1995 under Sri Lanka's Companies Act No. 17 of 1982.

• Expansion of domestic branch network

  [1]Pan Asia Banken.wikipedia.org

  The bank is reported to operate 85 branches across Sri Lanka.

• Enhanced internet banking platform

  Pan Asia Bank strengthened its digital banking proposition through an enhanced internet banking platform.

A Sri Lankan licensed commercial bank combining nationwide branch-based banking with enhanced digital banking services.

• Banking

  Commercial banking services

  Pan Asia Bank operates as a licensed commercial bank in Sri Lanka. The supplied sources establish its commercial-banking status but do not provide a sufficiently detailed breakdown of lending, deposit, treasury, or transaction-banking products.

• Distribution channel

  Branch banking

  The bank maintains a physical distribution network reported at 85 branches across Sri Lanka. This network supports the bank's domestic customer-access model, although the available material does not list individual locations or branch formats.

• Digital banking

  Enhanced internet banking platform

  Pan Asia Bank has referenced an enhanced internet banking platform as part of its digital-banking development. The available source does not specify the platform's complete feature set, launch date, or service availability.

• Strengthening digital bankingStrategy

  Background

  Pan Asia Bank identified digital service delivery as an area for development alongside its physical branch network.

  Action taken

  The bank introduced or promoted an enhanced internet banking platform.

  Aftermath

  The supplied material does not report adoption figures, financial results, or subsequent platform changes.

• 2021.03.10

  Reported2021.03.23

  Pan Asia Bank sponsors Western Entrepreneur of the Year 2020[2]Pan Asia Bank赞助2020年西部省年度企业家评选island.lk

  Pan Asia Bank sponsored the Western Entrepreneur of the Year 2020 event, organized jointly by the National Chamber of Commerce of Sri Lanka and the National Enterprise Development Authority. The awards ceremony was held at BMICH on March 10.

• Unconfirmed

  Pan Asia Bank launches a new Current Account[3]Pan Asia Bank推出新往来账户sundaytimes.lk

  Pan Asia Bank launched a new Current Account with a promotional fee waiver for eligible accounts opened from September 1 to December 31, 2020; the stated offer runs through December 31, 2021, with inward cheque return charges excepted.

Read more

1. 1Pan Asia Banken.wikipedia.org
2. 2Pan Asia Bank赞助2020年西部省年度企业家评选island.lk
3. 3Pan Asia Bank推出新往来账户sundaytimes.lk