Finance

Pan Asia Bank Achieves 32% Increase in PBT for 1H 2024

  • July 29, 2024

Pan Asia Banking Corporation PLC reported a solid performance for the first half of 2024, with a Pre-tax Profit (PBT) of Rs. 1,996 million, marking a 32% increase compared to the same period last year. The Bank’s net fee and commission income surged by 24% in the first half of 2024, driven primarily by increased

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Industry Analysis

ComBank’s Largest Debenture Oversubscribed on Opening Day, Raises Record Rs. 20 bn

  • July 3, 2024

The Commercial Bank of Ceylon’s debenture issue, the largest ever by a private bank in Sri Lanka, closed after being oversubscribed on its opening day (July 2), raising Rs. 20 billion. This milestone underscores investor confidence in the institution. Announcing the oversubscription, the bank revealed it received applications for more than three times the Rs.

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