Pan Asia Banking Corporation PLC reported a strong set of results for the first nine months of 2026, recording a Profit After Tax (PAT) of Rs. 3.59 billion, up 19% from the corresponding period last year, underpinned by solid growth in lending, deposits and fee-based income, alongside further improvements in asset quality.
The Bank’s latest performance highlights its continued business momentum, with total assets expanding by 22% to Rs. 374.45 billion, placing it on the verge of the significant Rs. 375 billion milestone. Growth remained broad-based across the Bank’s core operations. Net Interest Income rose 12% to Rs. 10.68 billion, driven by the expansion of the lending portfolio and higher business volumes. Meanwhile, Net Fee and Commission Income increased 17% to Rs. 2.18 billion, supported by stronger trade finance activity, increased card usage and higher transaction volumes across key customer segments.
Operating Profit before Taxes on Financial Services reached Rs. 6.24 billion, an increase of 9%, while Earnings Per Share improved by 19% to Rs. 8.12, reflecting the Bank’s ability to translate business growth into stronger shareholder returns.
The Bank’s balance sheet continued its upward trajectory during the period. Net loans and advances increased by 17% to Rs. 243.45 billion, supported by healthy demand from corporate, SME and retail customers. Customer deposits grew by a robust 19% to Rs. 274.89 billion, demonstrating the confidence placed in the Bank by its growing customer base and further strengthening its funding franchise. Importantly, Pan Asia Bank ended the period with capital and liquidity levels well above regulatory requirements, providing a strong foundation for future expansion. The Common Equity Tier 1 Ratio and Tier 1 Ratio stood at 14.34%, while the Total Capital Ratio reached 15.67%, significantly exceeding minimum regulatory thresholds.
Source: Daily News