Pan Asia Bank posts strong performance in 1H2025
View(s):Pan Asia Banking Corporation PLC has reported an impressive financial performance for 1H 2025 amidst diverse challenges emerging from the gradually reviving but challenging macro-economic environment.
In financial terms, the bank witnessed yet another period of growth and profitability, with an increase in Profit After Tax (PAT) of 110 per cent. This growth is reflective of the robust portfolio management, effective cost management and commitment to generating sustainable profits. As a result, the bank ended 1H 2025 with a PAT of Rs. 2.15 billion to more than double Earnings Per Share (EPS) from the previous year to reach Rs. 4.86, the bank said in a media release.
The bank’s performance was complemented by the ability to navigate external challenges adeptly and an unwavering commitment to asset quality, which was reflected in maintaining one of the lowest Stage 3 Loan Ratios in the industry of 2.39 per cent as of June 30, 2025, a testament to rigorous credit risk management and underwriting standards.
Market interest rates for both lending and deposits gradually came down in line with the policy decisions taken by the Monetary Board of the Central Bank (CB) to reduce the policy rates several times over. As a consequence, the bank’s interest income for 1H 2025 decreased by 5 per cent compared to the corresponding period last year, due to its response to the market conditions, in a situation of increased average loan portfolio. Furthermore, interest expenses for 1H 2025 decreased by 12 per cent against the interest expense for 1H 2024 due to prevailing low interest rates despite the strong growth in average deposit book. Consequently, the net interest income increased by 7 per cent during 1H 2025 as the drop in interest expense outpaced the drop in interest income.
Bank CEO/Director Naleen Edirisinghe, said: “Pan Asia Bank’s strong performance in 1H 2025 is a clear reflection of our disciplined execution and unwavering focus on value creation.”
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