Pan Asia Bank records its highest-ever deposits, advances growth
View(s):Pan Asia Banking Corporation PLC recorded a Profit Before Tax (PBT) of Rs. 1.65 billion and a Profit After Tax (PAT) of Rs. 1.05 billion in first quarter 2026, a year-on-year increase reflecting disciplined financial stewardship, operational consistency, and effective risk management.
The achievement was despite a volatile global macroeconomic landscape influenced by ongoing geopolitical tensions in West Asia, The bank recorded a 13 per cent year-on-year increase in PBT in Q1 2026, reflecting strong underlying earnings momentum. The Net Interest Margin (NIM) was sustained at a healthy level, supported by effective balance sheet management and stable funding dynamics, the bank said in a media release.
During the quarter, the bank recorded a solid income performance, supported by continued balance sheet expansion and improving business activity across its core banking segments. Interest income increased by 18 per cent, while interest expenses grew by 23 per cent, reflecting expansion in loans and advances across corporate, SME, and retail portfolios, alongside deposit mobilisation to support asset growth amid evolving market conditions.
The bank’s continued focus on corporate and business banking customers with stronger credit profiles enhanced earnings stability and supported quality-driven growth. Non-interest income recorded strong momentum, with net fee and commission income rising by 55 per cent, supported by increased lending activity, growth in trade-related income, and strong remittance inflows.
Growth was broad-based, with trade finance, card-related services, and remittance products contributing meaningfully, reflecting gradually improving economic activity and strengthening revenue diversification.
Reflecting on the bank’s performance in the first quarter of 2026, its Chairman Aravinda Perera stated: “This performance reflects the resilience of our business model, disciplined execution of strategy and the continued trust placed in us by our customers and other stakeholders.”
Director/CEO Naleen Edirisinghe stated: “The bank has delivered a strong start to 2026, with broad-based growth across income streams and balance sheet segments.”
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