We have been advised by the Central Bank of Sri Lanka that Pan Asia Banking Corporation’s Primary Dealer license has been suspended for six month under the provisions of Registered Securities Ordinance with effect from 15^th August 2017.

Pan Asia Bank wishes to clarify to the general public that this action restricts only the bank’s access to the primary auctions for government securities.

Further, Pan Asia Bank wishes to emphasize that the bank’s regular banking activities or its ability to deal in government securities in the secondary market are not impacted or limited in any manner due to the above regulatory action of Central bank of Sri Lanka.

About Pan Asia Banking Corporation PLC

Pan Asia Banking Corporation PLC (PABC) is a public limited liability company incorporated in Sri Lanka in March 1995 under the Companies Act No.17 of 1982 and re-registered under the Companies Act No.07 of 2007, a licensed commercial bank under the Banking Act No.30 of 1988 and listed at the Colombo Stock Exchange. During past 22 years Pan Asia Bank has become one of the fastest growing local commercial banks in Sri Lanka. The bank offers a comprehensive portfolio of innovative banking solutions to Retail, SME and Corporate customers across its network of 83 branches across the country.