Pan Asia Bank
Pan Asia Banking Corporation PLC is a licensed Sri Lankan commercial bank offering personal, corporate, SME, trade finance, and treasury services through an island-wide branch network and digital channels, serving retail consumers, businesses, and government employees with a segmented product portfolio.
- Company typePublic
- Founded1995
- HeadquartersColombo, Sri Lanka
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Pan Asia Bank does
Pan Asia Banking Corporation PLC is a licensed commercial bank in Sri Lanka, publicly listed on the Colombo Stock Exchange (ticker: PABC) and regulated by the Central Bank of Sri Lanka. The bank operates an island-wide branch network supplemented by digital channels including internet banking, mobile accessibility, an ATM network, and a digital onboarding solution that enables remote account opening. It serves four primary customer segments: personal banking (salaried individuals, self-employed, pensioners, children), corporate banking (large corporations, trade finance, project financing), SME banking (working capital, expansion loans, microfinance/green banking), and segmented persona groups (women, senior citizens, Tri Forces, government sector employees) through dedicated products.
The bank's product portfolio spans deposit accounts (current, savings including Champion Saver, Salary Saver, BluChip Money Market, AE Women's Savings, Mituru MAX, Daskam for children), fixed deposits (General, Rising, Call, foreign currency variants), lending products (Nivasa housing loans, Aspire educational loans, personal loans, Swabimana for government employees, Ranaviru Harasara for Tri Forces), gold pawning using Densimeter technology (Ran Aththama), vehicle leasing (Normal, Business Plus, Budget Plus, Skip, EV Plus for integrated EV and solar), credit/debit cards (World MasterCard, Black, Gold, Visa Debit, BizClass business), foreign currency accounts, trade finance (letters of credit, import/export financing, guarantees), and treasury services (REPO, treasury bills/bonds, Sri Lanka Development Bonds).
The bank's revenue model is a traditional commercial bank model dominated by interest income on loans and advances (housing, personal, education, leasing, pawning) and fee and commission income (account maintenance, transactions, credit card services, foreign currency transactions, trade operations, guarantees). Deposit-taking across savings, current, fixed deposit, and foreign currency accounts funds the lending book. Distribution is primarily branch-centric with relationship officers for SME and corporate segments, supplemented by digital self-service for personal banking. The bank operates only within Sri Lanka with no disclosed international expansion, and its credit card acceptance relies on MasterCard/VISA global networks.
Pan Asia Bank firmographics
Firmographics- Name
- Pan Asia Bank
- Legal name
- Pan Asia Banking Corporation PLC
- Website
- https://pabcbank.com
- Company type
- Public
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Pan Asia Banking Corporation PLC is a licensed Sri Lankan commercial bank offering personal, corporate, SME, trade finance, and treasury services through an island-wide branch network and digital channels, serving retail consumers, businesses, and government employees with a segmented product portfolio.
- Ownership category
- akta.pro rank
Pan Asia Bank industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (52211), Depository Credit Intermediation (5221)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- General SME & Middle-Market Commercial Banking (FSABABAA)
- akta.pro secondary industries
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Credit Cards & Revolving Credit (FSABAAAC), SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)
Keywords
Where Pan Asia Bank is headquartered
LocationHeadquarters
- HQ city
- Colombo
- HQ country
- Sri Lanka
- HQ region
- Asia
Offices2 records
Markets served
Pan Asia Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Primary revenue from interest earned on loans including housing loans, personal loans, educational loans, leasing facilities, and pawning advances. Interest rates vary by product and tenure.
- Fee and Commission Income: Fees from account maintenance, transaction processing, credit card services, foreign currency transactions, trade operations, and guarantee issuance
- Trade Operations: Revenue from letters of credit, import/export financing, bill negotiations, and trade-related advisory services
- Deposit Taking: Accepting customer deposits including savings accounts, current accounts, fixed deposits, and foreign currency deposits at various interest rates
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | World MasterCard Credit Card - Premium tier |
| Subscription | Monthly | Black MasterCard Credit Card |
| Subscription | Monthly | Gold MasterCard Credit Card |
| Subscription | Monthly | BizClass MasterCard |
| Unit Pricing | Monthly | Personal Loans - Salaried Rs 200,000+ |
| Unit Pricing | Monthly | Personal Loans - Salaried up to Rs 200,000 |
| Unit Pricing | Multi-year contract | General Fixed Deposits - Standard rates |
| Unit Pricing | Monthly | Swabimana Personal Loan |
| Unit Pricing | Monthly | Ranaviru Harasara Personal Loan |
| Unit Pricing | Monthly | Vehicle Leasing |
| Unit Pricing | Monthly | Skip Leasing |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels9 records
Pan Asia Bank product offering
Product offeringCore offering
Pan Asia Banking Corporation PLC is a Sri Lankan licensed commercial bank offering deposit products (current accounts, savings accounts, fixed deposits, foreign currency accounts), lending products (housing loans, personal loans, educational loans, vehicle leasing, gold pawning, SME and corporate term/project financing), credit and debit cards, international remittances, trade finance, and treasury services to individual consumers, SMEs, and corporate clients through branches, digital channels, and an ATM network.
Product overview
Pan Asia Banking Corporation is a commercial bank operating in Sri Lanka offering a comprehensive suite of banking products and services across three main segments: Personal Banking, Corporate Banking, and SME Banking, along with specialized Trade Operations and Treasury services. The Personal Banking segment includes deposit products (Current Accounts, Savings Accounts with variants like Champion Saver, Salary Saver, BluChip Money Market, and Women's Savings), Fixed Deposits (General, Rising, and Call variants), and Foreign Currency Accounts. Lending products encompass Housing Loans (Nivasa, Nivasa Stepup), Educational Loans (Aspire), Personal Loans (General, Swabimana, Ranaviru Harasara), Gold Pawning (Ran Aththama), and Vehicle Leasing (Normal, Business Plus, Budget Plus, Skip, EV Plus). Credit and debit cards include World MasterCard, Black MasterCard, Gold MasterCard, Visa Debit, and BizClass MasterCard. Corporate Banking provides current accounts, fixed deposits, term loans, project financing, and leasing. SME Banking offers specialized financing including project financing, SMELoc credit facilities, and the Haritha Shakthi green banking initiative. Trade Operations cover import/export letters of credit, guarantees, and advisory services. Treasury services include exchange rates, REPO facilities, and government securities.
Differentiator
Problem solved
Functional benefit
Brands
- Nivasa: Housing loan product line including Nivasa Home Loan and Nivasa Stepup Housing Loan
- Ran Aththama
- Sammana
- Ranaviru Harasara
- BizFriend
- Swabimana
- Aspire
- Mithuru MAX
- Daskam
- AE
- RemitMax
- Haritha Shakthi
- Champion Saver
- EV Plus
Products and services
- Personal Current Account
Quantifiable outcome
- Savings interest rates up to 5.12% AER on regular savings accounts
- +4 more outcomes
Companies that use Pan Asia Bank
Customer profileSegments7 records
Ideal customer profiles4 records
Pan Asia Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Pan Asia Bank partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights6 records
Pan Asia Bank competitors and assessment
Company assessmentDirect peers
- Nations Trust Bank: Listed Sri Lankan commercial bank with personal, SME, and corporate banking plus credit cards. Similar scope and customer targeting to Pan Asia's retail-and-SME tilt.
- Seylan Bank: Sri Lankan licensed commercial bank with personal, corporate, and SME banking plus credit cards and trade finance. Closely comparable in product breadth and mid-tier positioning.
- Sampath Bank: Sri Lankan licensed commercial bank listed on the CSE offering personal, corporate, SME, and trade banking. Comparable full-service mid-to-large private bank with similar digital and branch-led strategy.
- DFCC Bank: Sri Lankan licensed commercial bank focused on development and SME financing plus personal banking. Comparable in SME/project finance orientation and listed-bank status.
- Union Bank of Colombo: Listed Sri Lankan commercial bank offering personal, SME, and corporate banking. Similar product mix and mid-tier competitive positioning as Pan Asia.
Broad incumbents
- Commercial Bank of Ceylon: Largest private-sector commercial bank in Sri Lanka with full-service personal, corporate, SME, trade, and treasury banking plus international branches. Larger incumbent providing benchmark scale and product breadth.
- Hatton National Bank (HNB): Tier-1 Sri Lankan commercial bank with comprehensive personal, SME, corporate, and trade banking plus credit cards. Larger incumbent overlapping substantially in customer segments.
- Bank of Ceylon: State-owned largest commercial bank in Sri Lanka offering personal, corporate, SME, trade, and treasury services. Largest deposit franchise in the country; defines competitive ceiling for Pan Asia.
- People's Bank: State-owned Sri Lankan commercial bank with national branch network across personal, SME, and corporate banking. Major incumbent competing for the same retail and SME deposit base.
Regional players
- HDFC Lanka (NDB Bank): Sri Lankan commercial bank focused on development, SME, and retail banking. Comparable mid-tier scale and SME orientation, though with different development-banking heritage.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Pan Asia Bank social profiles
Digital presencePan Asia Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pan Asia Bank leadership team
Management profileNumber of profiles
Pan Asia Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pan Asia Bank M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pan Asia Bank
What does Pan Asia Bank do?
Pan Asia Banking Corporation PLC is a Sri Lankan licensed commercial bank offering deposit products (current accounts, savings accounts, fixed deposits, foreign currency accounts), lending products (housing loans, personal loans, educational loans, vehicle leasing, gold pawning, SME and corporate term/project financing), credit and debit cards, international remittances, trade finance, and treasury services to individual consumers, SMEs, and corporate clients through branches, digital channels, and an ATM network.
Is Pan Asia Bank a public or private company?
Pan Asia Bank is a public company. It is classified as public and is currently operating.
When was Pan Asia Bank founded?
Pan Asia Bank was founded in 1995. It employs 1,001 to 5,000 people.
Where is Pan Asia Bank based?
Pan Asia Bank is headquartered in Colombo, Sri Lanka, in the Asia region.
How does Pan Asia Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are fee and Commission Income, trade Operations and deposit Taking.
Who are Pan Asia Bank's main competitors?
Direct peers on record are Nations Trust Bank, Seylan Bank, Sampath Bank, DFCC Bank and Union Bank of Colombo. Broad incumbents are Commercial Bank of Ceylon, Hatton National Bank (HNB), Bank of Ceylon and People's Bank. HDFC Lanka (NDB Bank) is listed as a regional player.
Does Pan Asia Bank have an API?
No public API is recorded for Pan Asia Bank.
What industry is Pan Asia Bank in?
Pan Asia Bank's product category is Commercial Banking. Its primary akta.pro industry code is FSABABAA, General SME & Middle-Market Commercial Banking, with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6021.