Pan Asia Bank reports 19% profit growth as assets near Rs. 375bn

Pan Asia Banking Corporation PLC has reported a robust financial performance for the nine-month period ending September 2026, with after-tax profits reaching Rs. 3.59 billion, representing a 19 percent year-on-year increase compared to the same period in 2025.

The Colombo-listed bank attributed its strong results to solid expansion across its core business segments. Lending and deposit growth formed the foundation of the performance, alongside increased contributions from fee-based income streams. The bank's total assets expanded by 22 percent to nearly Rs. 375 billion during the nine-month period.

Asset quality metrics showed further improvement, signaling strengthened credit risk management amid a competitive banking environment. The bank's multifaceted growth trajectory reflects sustained customer confidence and effective operational execution during a period of economic activity across the region.

The results underscore Pan Asia Banking's position within Sri Lanka's financial services sector as it continues to pursue balanced growth strategies encompassing retail and wholesale banking segments.