Pan Asia Bank achieves a milestone for its Treasury expertise

Pan Asia Bank was recently bestowed with the prestigious ‘Best Bank for Treasury Activities Sri Lanka 2021-Treasury’ award by the Global Banking & Finance Awards 2021. This accolade is a source of pride for Pan Asia Bank as it has won this award for the first time in its history. This win also marks a moment of pride for Sri Lanka’s entire banking industry as Pan Asia Bank is the first local bank to be recognized and rewarded for its superior treasury management skills, and was part of the ‘Treasury & Cash Management Banking’ category of the highly reputed Global Banking & Finance Awards.

Deputy General Manager – Treasury, Richie Dias said, “Pan Asia Bank delivered a robust financial performance in the 2020 financial year amidst the economic disruption caused by the global pandemic. The Bank’s Treasury operations played a key role in sustaining key parameters to drive growth through the year. We believe our Treasury operations have been lauded because of the ability to harness opportunities where others see none, exploring non-traditional modes of income and lowering cost of funds through raising foreign funding lines. Over the last few years, the Treasury function has leveraged itself into niche, profitable and homogeneous market segments which have proved to be lucrative even in depressed market conditions. We are pleased and proud to receive this award as the first and The Truly Sri Lankan Bank to achieve this feat. “