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Future123
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Mon Mar 20, 2017 7:51 pm
A really good graphical presentation YK as usual.

Wonder how PABC managed increase branches from 2010 to 2012. Within this 2 years, they increased number of branches from 41 to 73. This is a 78% increase. Do the banks and finance companies acquire the properties or lease them?
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Jana1
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Tue Mar 21, 2017 3:58 am
Thanks YK, good one.

FG, your PE and PB ratio contained some errors. I calculate post rights EPS around 3.5 Rs, so PE would be less than 5. Also NAV would be around 19 as per memory, so 1.3 seems an error. Consider rights money can generate a return about 250 mn per annum.
First Guy
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Tue Mar 21, 2017 7:12 am
Jana1 wrote:Thanks YK, good one.

FG, your PE and PB ratio contained some errors. I calculate post rights EPS around 3.5 Rs, so PE would be less than 5. Also NAV would be around 19 as per memory, so 1.3 seems an error. Consider rights money can generate a return about 250 mn per annum.

Jana1, I think you're referring to my post almost one year ago. At the time those numbers were correct. Now it has changed drastically.
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yellow knife
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Tue Mar 21, 2017 7:56 am
Nice to see you in active mode again FG
First Guy
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Fri Mar 24, 2017 7:16 pm
Message reputation : 100% (2 votes)
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yellow knife
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Thu Aug 16, 2018 10:42 am
Message reputation : 100% (2 votes)
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August 16, 2018 at 10:00 am | lanka C news [You must be registered and logged in to see this image.]
රජයේ සුරැකුම්පත් නිකුත් කිරීමේ වෙන්දේසි වලට සහභාගී වීම තහනම් කරමින් ශ්‍රී ලංකා මහ බැංකුව විසින් පෑන් ඒෂියා බැංකුවට පනවා ඇති තහනම තවත් මාස 6 කින් දීර්ඝ කර ඇත.
ශ්‍රී ලංකා මහ බැංකුවේ මූල්‍ය මණ්ඩලය විසින් එම තීරණය කරනු ලැබ ඇත.
අදාල බැංකුව සම්බන්ධ කෙරෙන විමර්ශන තවදුරටත් පවත්වාගෙන යාමේ අරමුණින් මෙම තීරණය ගත් බව මහ බැංකුව සඳහන් කරයි.
කෙසේ වෙතත් නියාමන ක්‍රියාමාර්ග අනුව පෑන් ඒෂියා බැංකුව රජයේ සුරැකුම්පත් සඳහා වන ප්‍රාථමික වෙන්දේසියට සහබාගී ට නොහැකි බව සඳහන් කරන ශ්‍රී ලංකා මහ බැංකුව මෙම නියාමන ක්‍රියාමාර්ගය පෑන් ඒෂියා බැංකුව සිසු ක්‍රියාකාරම් හා සේවා වලට බලනොපාන බව ද කියා සිටී.
Ethical Trader
Ethical Trader
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Thu Aug 16, 2018 12:16 pm
Thanks for sharing.

Similar action taken by the CB against accused primary dealers, after the Bond Scam was revealed, has positively reflected in performances of other primary dealers.

For example, EPS of CFVF has shot up to Rs: 18.00+ mainly attributable to increased profits in primary dealings as mentioned in their latest Annual Report. However, last quarter performance has declined due to losses in share dealings under the current situation of the CSE.

In fact, they have discontinued their Margin Trading facility as a strategic move to tackle current impasse in the CSE. This proves the contention that it is not advisable to buy on credit under the current bear sentiments.

Read [You must be registered and logged in to see this link.]
for more details.
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lanka
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Thu Aug 16, 2018 2:14 pm
Thanks, YK & ET
The Invisible
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Thu Nov 01, 2018 9:56 am
Message reputation : 100% (1 vote)
Sri Lanka's Pan Asia Bank Sep net down 13-pct

ECONOMYNEXT - Profits at Sri Lanka's listed Pan Asia Bank fell 13 percent from a year earlier to 260.7 million rupees in the September 2018 quarter, on higher bad loans provisioning and rising operational costs, interim accounts showed.



The bank reported earnings of 2.34 rupees a share in the quarter. For the nine months to end September 2018, earnings were 3.26 rupees a share on a profit of 1.08 billion rupees, up 18 percent from a year earlier, interim accounts filed with the Colombo Stock Exchange showed.



Pan Asia Bank closed 40 cents lower Wednesday at 13.50 rupees.



In the September quarter, net interest income grew 25 percent from a year earlier to 1.6 billion rupees as interest income rose 22 percent to 4.8 billion rupees and interest expenses increased 20 percent to 3.3 billion rupees.



Net fees and commission income rose 28 percent to 2.2 billion rupees.



Bad loans provisioning rose 159 percent to 584.6 million rupees.



Operating costs increased by 14.5 percent to 1 billion rupees.



Pan Asia Bank's deposit base expanded 8 percent from nine months earlier to 116.3 billion rupees at end September, while its loan book grew a faster 12 percent to 122.7 billion rupees.



Non-performing loans were 4.83 percent of total loans at end September 2018, up from 4.36 percent nine months earlier.



Pan Asia Bank reported a net interest margin of 4.01 percent in the quarter, up from 3.61 percent at end December 2017.



At end September 2018, the bank's Tier I Capital Ratio was 10.65 percent, higher than the regulatory minimum of 7.875 percent, but was down from 11.38 percent nine months earlier.



Total Capital ratio was at 12.11 percent, down from 13.53 percent nine months earlier, but higher than the regulatory minimum of 11.875 percent. (COLOMBO, Nov 01, 2018)
ruwan326
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Thu Jun 13, 2019 8:06 pm
Financial Performance- Period ended 31 March 2019


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The Invisible
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Mon Aug 12, 2019 1:33 pm
Message reputation : 100% (1 vote)
Pan Asia Bank profits down 5-pct in June

ECONOMYNEXT - Profits at Sri Lanka's Pan Asia Bank fell 5 percent to 481 million rupees in the June 2019 quarter from a year earlier, amid falling net interest income, higher loan loss provisions and taxes, interim accounts showed.

The bank reported earnings of 1.09 rupees per share for the quarter. In the six month to June the bank reported earnings of 1.70 rupees per share on total profits of 753 million rupees which was down 8 percent.

Interest income grew 4 percent to 4.7 billion rupees and interest expense grew at a faster 8 percent to 3.3 billion rupee, shrinking net interest income 5 percent to 1.4 billion rupees.

Loan loss provisions rose to 457 million rupees in the June quarter from 348 million rupees a year earlier.

The gross non-performing loan ration increased from 5.44 percent to 6.78 percent from December to June.

Loans and advances contracted 4 percent to 104 billion rupees from December to June. Securities contracted 1 percent to 33.6 billion rupees.

Sri Lanka is recovering from monetary instability in 2018, when the central bank printed money to keep rates artificially down when the economy and credit growth recovered, triggering collapses of the currency.

A political crisis in October worsened capital flight adding to instability.

At Pan Asia Bank deposits contracted 1 percent to 117 billion rupees. Borrowings from debt securities contracted 24 percent to 10.1 billion rupees.

Profits were helped by gains from trading grew 121 percent to 222 million rupees.

Net fee and commission income was flat at 368 million rupees.

Financial VAT and debt repayment levy was up 26 percent to 198 million rupees. Income tax was up 55 percent to 157 million rupees.

Gross assets contracted 2 percent to 150.2 billion rupees.
Net assets grew 7 percent 12.0 billion rupees. The total capital adequacy ratio improved to 14.2 percent by June from 13.32 in December. (Colombo/Aug11/2019)
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dakzsl
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Sun Dec 08, 2019 7:54 am
Any update about PABC
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soileconomy
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Location : Nebraska

PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Mon Dec 09, 2019 6:41 pm
I prefer if Wagapitiya increases his stake and go for a board seat.
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seek
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PABC.N0000 (Pan Asia Banking Corporation PLC) - Page 2 Empty Re: PABC.N0000 (Pan Asia Banking Corporation PLC)

on Wed Jun 24, 2020 10:37 pm
Message reputation : 100% (1 vote)
It seems the bank is doing better in tough times.

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කිත්සිරි ද සිල්වා and kavi84 like this post

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