Pan Asia Banking Corporation PLC

Pan Asia Banking Corporation PLC operates a range of banking services in Sri Lanka. The bank provides services to personal, SME, and corporate clients. It also offers specialized digital and investment solutions.

Retail and Personal Banking

The bank offers Sammāna Savings Accounts with tiered interest rates from 4.50% to 6.00% p.a. A minimum balance of LKR 5,000 is required. Junior Savers Accounts provide tiered rates for deposits over LKR 100,000. These accounts include a parental sweep facility. Foreign Currency Savings Accounts support multi-currency options like USD, GBP, and EUR. They facilitate SWIFT-compliant transactions.

Sampath Supreme Salary Accounts feature real-time SMS alerts. They allow overdrafts up to 2× monthly salary. PABC ePASS Current Accounts are eligible for zero-balance operation. They support IBFT via API. PABC Internet Banking uses 256-bit SSL encryption. It requires multi-factor authentication (MFA). The PABC Mobile App offers biometric login (fingerprint/face). It provides end-to-end encrypted messaging.

PABC Debit Cards are available as Visa or Mastercard. They feature EMV-chips and contactless (NFC) technology. The ATM withdrawal limit is LKR 150,000 per day. PABC Platinum Credit Cards use 3DSecure online transaction protocol. Their contactless limit is LKR 25,000. PABC Classic Credit Cards have a minimum credit limit of LKR 50,000. They include a variable revolving cycle facility.

SME and Corporate Banking

PABC SME Cash Flow Loans have a floating rate linked to CBSL policy rate + 3.25% margin. They offer a tenor of up to 5 years. PABC Working Capital Advances feature an auto-revolving limit. They enable online collateral management via an API. PABC Term Loan Plus includes a structured amortization schedule. It offers an interest capitalization option.

PABC Trade Finance for Import LC integrates with SWIFT MT700. It handles partial shipment processing. PABC Trade Finance for Export LC allows deferred payment via usance credit. It supports electronic presentation of documents. PABC Supply Chain Finance uses a dynamic discounting engine. It integrates via the TradeLens blockchain pilot.

The PABC Cash Management Suite supports ISO 20022 XML file import/export. It provides a real-time liquidity dashboard via API. PABC Payroll Plus enables direct debit bulk-file uploads. It automates NSSF/ETF statutory deductions. PABC Business Internet Banking offers role-based access controls. It provides customizable approval workflows. PABC Merchant Acquiring ensures 24×7 POS settlement. It utilizes tokenization and is PCI-DSS certified.

Treasury and Investments

PABC Call & Notice Deposits require 0-30 days notice. They feature a floating overnight rate linked to SLIBOR. PABC Fixed Deposits are available for tenors from 1 month to 3 years. They offer seniority-based bonus rates for deposits over LKR 10 million. PABC Treasury Bills/Bonds provide competitive e-auction bidding. They enable direct CSE DvP settlement.

PABC FX Forward Contracts support hedging for up to 12 months. They include mark-to-market daily valuation. PABC SWAP Solutions offer plain-vanilla interest rate swaps. They also provide cross-currency swap capability for USD/LKR. PABC Investment Portfolio Advisory conducts risk profiling via a VaR model. It performs SMA (Separately Managed Account) execution.

Pan Asia Bank also offers specialized digital products. PABC InstaLoan provides on-app instant credit decisions in under 120 seconds. It uses an AI-driven underwriting engine. PABC eZ Remit operates on Real-Time Payments (RTP) rails. It includes FX auto-rate lock functionality. PABC API Banking offers RESTful endpoints with OAuth2. It provides a sandbox environment. PABC QR Pay uses the EMV® Co QR-code standard. It facilitates instant merchant settlement.

The bank is a leader in unique blockchain innovations. It is the first Sri Lankan bank integrating TradeLens for end-to-end cargo financing. PABC Blockchain Invoice Finance involves invoice tokenization on Hyperledger Fabric. This proprietary system ensures auto settlement via smart contracts.