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PABC.N0000 (Pan Asia Banking Corporation PLC)

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PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:49 pm

Eventhough Pan Asia Bank is a commercial bank its revenue has been lower than two NBFIs .

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:52 pm

Revenue has been growing steadily over a decade.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:53 pm

Profit was not recorded in a steady line.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:54 pm

Term Loans, ODs and LRR were the main assets .

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:56 pm

Once Term Loans and ODs removed rest of the loans and assets can be highlighted as following.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 3:58 pm

Bank has strategically moving out of Pawning to Leases. However 2016 Budget proposal if implemented in the original spirit, that would have been a very negative factor to the bank.

As there is no ruling to cease leasing operations by banks as initially proposed there won't be any impact as expected.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 4:00 pm

This is the first commercial bank to be analyzed by me. However when evaluating Capital Adequacy ratio, if the company prefers to grow more it may consider rights issues to enhance paid up authorized capital or another debenture issue..

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 4:02 pm

Net Assets position is growing steadily...

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 4:03 pm

Non Performing Loan ratios

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 03, 2016 4:07 pm

PABC is aggressively into credit cards.



Pan Asia Bank’s credit card portfolio

grew by 150% compound annual

growth rate during the last 3

years faster than the industry by

maintaining a much higher quality

portfolio than the industry

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by First Guy on Fri Mar 04, 2016 7:19 am

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Thu Mar 17, 2016 11:53 am

Compared to the size of the business portfolio and PAT, PABC is involved in a different strategy and focus more on businesses with high return like credit cards, margin trading, leasing etc.

Following is a comaprision between SEYB and PABC

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**********************************************************

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******************************************************

Even though I have not done a complete research on Margin providers, at a glance ( among top twenty lists of listed companies ) SEYB, PABC and PLC.N appears quite often.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by First Guy on Wed May 04, 2016 8:10 am

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After March 2016 results

P/E - 6.4x
P/B - 1.3x
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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Wed May 04, 2016 8:34 am

Thanks FG

Seems PABC is attractive.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Wed Oct 19, 2016 8:18 am

Rating agency downgrades PABC to BBB-lka with stable out look, from BBB lka with a negative out look.

Warns volatility in working conditions to add pressure to credit metrics

Capital raising likely to be problematic amid increased country risk

PABC says above average growth improved profitability and NPL.

Source : daily ft

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 7:30 am

Year 2016

We are going to highlight the performance of PABC for 2016 based on its annual report.

First I like to quote from another discussion we had.

by [You must be registered and logged in to see this link.] on Sat Mar 18, 2017 4:45 am

Is that possible you to include all the banks in one chart as you did for total revenue. If we do so, I sense PABC will be out performing followed by Sampath as per my past studies.

Now lets look at whether PABC has out performed the rest of banks.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 7:34 am

It appears that the whole banking industry is moving in a similar pattern and we have to evaluate many banks to arrive at a conclusion.

****************************************

Now if we see the revenue of PABC separately.

Yes , PABC is recording an exponential growth..

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Comparison of Sampath at a glance

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 7:35 am

I preferred to compare PABC with two leading NBFIs than with banks. Once PABC is compared with commercial banks, it gets dwarfed by other Gullivers.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:18 am

As PABC is a small bank it has to focus mostly on areas where NBFIs are strong like Leasing, Pawning, Margin Trading and it has increased Gold Loans again in 2016 reversing the downward trend.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:23 am

AS LTV ( Loan to value ) ratio hits the vehicle leasing market , gold is becoming the saviour again. Very soon we may find all small banks and NBFIs fighting in Gold Pawning and Gold Loan business.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:31 am

Credit Cards and Personal loans provide very high returns to banks..

PABC has focused efficiently on credit cards and the portfolio is growing faster.

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:35 am

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:42 am

EPS of PABC

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:45 am

Net assets of the bank

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Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

Post by yellow knife on Mon Mar 20, 2017 8:51 am

No of Branches and No of employees growth.

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