History Of Banking System In Sri Lanka

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Recommended: The 2007-2008 financial crisis

1.0 INTRODUCTION

A country cannot have a healthy economy without a strong banking system. Sri Lanka’s banking system has well balanced the economy for the past three decades with several internal and external issues.

The banking system plays a critical role in development of any country, on that view Pan Asia Banking Corporation PLC started its operations in the year 1995. Now PABC is one of the fastest developing banks in the industry. The bank is well settled in the market with their diversified products and services.
Being in operation for past 18 years, Pan Asia Banking Corporation has achieved certain milestones important to all stakeholders and its customers. A bank predominantly depends on interest of loans, apart from the fee based income. If there is affect in the income interests it will directly impact the profits of the bank

This particular report reflects the background of PABC, its present board members, and their corporate cultural environment of PABC, a complete analysis of the PABC impact of the internal and external structure of the organization, planning and their goal setting to the organizational function to which the selected managerial level employee belongs, their further activities to their welfare organization such as CSR activities.

1.1 PAN ASIA BANKING CORPORATION PLC

Post-independence era of Sri Lanka saw the enactment of banks in Sri Lanka in a rapid pace, like wise Pan Asia Banking Corporation PLC too started its operation at World trade center, Colombo as its head office.
Pan Asia Bank was incorporated as a Public Limited company on 6th March 1995, under the Companies Act No.17 of 1982 and re-registered under the Companies Act No.07 of 2007 as a licensed commercial Bank under the Bankin...

... middle of paper ...

...ketball Tournament U-19 boys and girls –‘A’ division “All Island Basketball Championship 2013” which was organized by Sri Lankan School Basketball Association.

 As a caring activity to the society the PABC has granted the sponsorship to Lions Club Maharagamma to build the homes to the Elders in name of “Sada Sevana” in Homagama.
(PABC, annual report, 2011-13)

CONCLUSION
PABC’s success & the triumph within the short period time is definitely the great team effort put on by the employees of the bank, while congratulating them the bank PABC can move forward with higher achievements under the legal frameworks provided by the Central Bank of Sri Lanka.
Adequate attention towards the management & the staff welfare PABC would make a long way and mark its name as the “most customer preferred commercial bank in Sri Lanka” as the saying goes in vision statement of PABC.

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