Pan Asia Banking Corporation PLC

PABC.N0000Undervalued

Banks & Finance · Regional Banks

Pan Asia Banking Corporation PLC is a commercial bank engaged in banking and related financial services, offering deposit taking, lending, transaction and payment services to retail, SME and corporate customers.

PABC shares are down 21.8% over the past year and last closed at Rs 49.50 on Sep 30, 2026.

Rs 49.50
-2.94%
Price history
-21.80%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+1.2-4.6-12.5+6.3+2.4-0.4-4.9+5.6-10.0+0.0+0.0+0.0
2025+9.9-6.2-2.5-2.5+16.4+13.1+18.2+7.0+10.7+1.4-5.2-2.8
2024-5.3+3.9+12.8+10.0-4.3+0.9-11.2-5.5+19.7+11.1+7.2+32.1
2023+9.5+16.3+3.3-12.8-0.9+20.4+26.9+28.5-4.7-7.4+0.5+1.1
2022+7.1-5.4-33.5+12.4-16.9-11.2+2.3+0.0+27.0-15.0+1.0-2.1
2021+58.5-17.0-16.4+8.4+5.8-0.6-3.7-1.3-0.6+13.6-9.1-1.9
2020-2.4+1.6-34.7+0.0+0.0+9.2-4.2+13.2+7.8-13.7+4.2+4.0
2019-3.4+0.0-9.8+0.8-7.7+0.0+15.0+1.4-11.4+1.6+4.8-5.3
2018-1.9+11.0-3.5-1.2-8.0-0.7-2.7+3.4-7.3-2.9+2.2+7.2
2017-4.5-12.6-9.0+23.7+3.2-1.0-6.8-7.3-4.8+4.4-3.0-1.9
2016-7.4-6.8-1.3+8.7+3.6-4.6+2.8-1.6-0.4-3.6-9.6-7.8
2015-5.8+1.6-13.3+11.6+12.5-8.9+7.7+3.8-5.8+10.4-6.6+1.1
2014+14.2-8.5+0.0+10.5-4.5-1.2+20.7+0.5+7.3+5.0+4.3+7.5
2013+0.0-7.9+8.6+10.5+0.0-8.1-8.3-5.6-2.4+2.5-3.0-4.3
2012+0.0+0.0+0.0-10.2-21.3+4.2-5.8+16.6+10.0-9.1-5.3+5.6
Average+5.0-2.5-8.0+5.4-1.4+0.7+3.1+3.9+2.3-0.1-1.3+2.3
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-1.0-5.0-6.2+8.5-0.5-0.6-2.7+1.4-0.6+1.5-1.2-0.4
% up43%36%21%71%43%33%47%60%40%57%50%50%
P/E
5.5
P/B
0.69
EPS
Rs 9.05
Div Yield
2.02%
Market Cap
Rs 21.9B
Beta
1.90
ROE
13.2%
Op Margin
40.4% (-6.5pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total income
Rs 16.0B
+15.8%
Rs 13.8B
+10.2%
Rs 12.5B
+45.7%
Rs 8.6B
-27.7%
Rs 11.9B
+27.2%
Rs 9.4B
+3.3%
Rs 9.1B
+1.6%
Rs 8.9B
+33.7%
Operating profit
Rs 7.6B
-3.2%
Rs 7.9B
+137.5%
Rs 3.3B
+205.3%
Rs 1.1B
-77.8%
Rs 4.9B
+39.2%
Rs 3.5B
+3.7%
Rs 3.4B
+30.8%
Rs 2.6B
+6.1%
Net profit
Rs 4.0B
-3.1%
Rs 4.1B
+122.9%
Rs 1.9B
-7.3%
Rs 2.0B
-34.9%
Rs 3.1B
+50.2%
Rs 2.0B
+17.0%
Rs 1.8B
+13.6%
Rs 1.5B
+10.9%
EPS
9.05
-3.1%
9.34
+122.9%
4.19
-7.3%
4.52
-35.0%
6.95
+50.1%
4.63
+16.9%
3.96
+13.8%
3.48
+5.1%

Compared with the same period a year earlier.

Parent company only. Subsidiaries are not included.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2025 · first and finalRs 1.00
  • 2024 · first and finalRs 1.00
  • 2023 · first and finalRs 0.25
Peer comparison5 peers in Banks & Finance
PABC.N0000 · this company
Rs 49.50
P/E
5.5
P/B
0.69
ROE
13.18%
Yield
2.02%
ABL.N0000
Rs 26.00
P/E
5.8
P/B
0.55
ROE
9.89%
Yield
9.43%
Rs 11.60
P/E
19.3
P/B
0.61
ROE
3.17%
Yield
0.00%
Rs 7.20
P/E
15.0
P/B
0.61
ROE
4.47%
Yield
0.00%
P/E
19.1
P/B
0.52
ROE
2.74%
Yield
0.00%
P/E
-
P/B
0.55
ROE
-1.23%
Yield
0.00%
Peer median · 5 companies
P/E 17.1P/B 0.55Yield 0.00%

About Pan Asia Banking Corporation PLC

Pan Asia Banking Corporation PLC is a commercial bank engaged in banking and related financial services, offering deposit taking, lending, transaction and payment services to retail, SME and corporate customers. Its product suite includes deposit mobilisation, retail lending (including housing and personal loans), pawning and gold loans, trade finance, cash management and digital banking platforms that support payments, cards and remittance services. The bank emphasises digital enablement, process automation and data-driven customer engagement to scale operations and improve service delivery. Sustainability and ESG considerations are integrated into lending and product structuring, alongside disciplined risk, liquidity and capital management.

AI analysis

bullish

Evidence points to a stronger bank at an undervalued price: June net profit rose 27.9% and its net margin was its best June result. The catch is operating profit fell 9.1%.

Read the full report (Sep 30, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
More negative than usual for this company
its own lowits own high

Higher than 23% of its last 13 months · 15 of 26 in its sector

4 articles in 30 days: 1 positive, 0 negative, 3 neutral.

24 months positive negative 3-month net
Oct 24: 4 articles, net +0.50Nov 24: 7 articles, net +0.77Jan 25: 7 articles, net +0.91Feb 25: 6 articles, net +0.81Mar 25: 1 articles, net -1.00Apr 25: 1 articles, net -1.00May 25: 3 articles, net +0.78Jun 25: 2 articles, net +0.33Jul 25: 4 articles, net +1.00Aug 25: 4 articles, net -0.31Sep 25: 2 articles, net +1.00Oct 25: 1 articles, net +1.00Dec 25: 2 articles, net -1.00Jan 26: 3 articles, net +0.00Feb 26: 4 articles, net +0.50May 26: 4 articles, net +0.75Aug 26: 4 articles, net +0.50Sep 26: 4 articles, net +0.25Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
Daily FT·Sep 29, 2026·Capital raise
Pan Asia Bank plans Rs. 4 b Tier 2 debenture issue

Pan Asia Banking Corporation PLC plans to raise up to Rs. 4 billion via a five-year Basel III-compliant Tier 2 debenture issue (up to 40 million Rs.100 debentures). The bank also plans a separate senior debenture opening 1 Oct. to raise up to Rs. 5 billion, together up to Rs. 9 billion.

EconomyNext·Sep 25, 2026·Capital raise
Sri Lanka's Pan Asia Bank to raise up to Rs5bn with debenture sale

Pan Asia Banking Corporation PLC plans to raise up to Rs5 billion via listed, rated senior unsecured debentures (initial 20m at Rs100 each, with further 20m and 10m on oversubscription). Type A: 3-year at 12.75% p.a.; Type B: 5-year at 13.50% p.a.; subscription opens 01-Oct-2026.

EconomyNext·Sep 25, 2026·Market commentary
Sri Lanka stocks open up, ASPI gains 0.18-pct

Colombo Stock Exchange opened higher: ASPI up 0.18% (37.48 pts) at 21,104.37 and S&P SL20 up 0.46% at 5,970.10, with turnover Rs 43.59m. Singer Finance set rights-issue and EGM/XR dates; Pan Asia Banking plans to raise up to Rs 5bn via listed debentures opening Oct 1, 2026.

Daily FT·Sep 25, 2026·Capital raisePositive
CSE green lights Rs. 5 b Pan Asia Bank debentures

The CSE approved in principle Pan Asia Banking Corporation's Rs.5 billion debenture issue, with subscriptions opening 1 Oct 2026 and an initial tranche of up to 20m debentures (Rs.2bn) and options to raise the full Rs.5bn. Investors can choose 3-year (12.75%) or 5-year (13.50%) fixed-rate options; Commercial Bank is the issue manager.

Daily FT·Sep 22, 2026·Promotional / marketingPositive
Pan Asia EZY revolutionises digital banking in Sri Lanka

Pan Asia Banking Corporation PLC (PABC.N0000) has launched Pan Asia EZY, a next-generation mobile banking platform that integrates everyday banking, payments and selected financial services. Features include account management, interbank transfers via JustPay, pawning and fixed-deposit servicing, GovPay payments, eKYC onboarding and Central Bank-compliant security.

IT & Digital
EconomyNext·Sep 16, 2026·Market commentaryPositive
Stocks down on Wednesday closing, food and beverage leads turnover

Colombo Stock Exchange closed down as the ASPI fell 0.58% to 21,139.31, with market turnover at 1.63 billion rupees. Food, Beverage & Tobacco led turnover at 782.3 million rupees; notable movers included Namunukula, Pan Asia Bank and Ceylon Cold Stores (up) and John Keells, Melstacorp, RIL Property and Cargills (down); Hunas Holdings entered a partnership with Tokyo-based CCH Inc for its real estate and hospitality businesses effective Sept 14.

Consumer Staples (FMCG)
Daily FT·Sep 4, 2026·Promotional / marketingPositive
HNB Life and Pan Asia Banking Corporation partner to expand insurance reach

HNB Life PLC (HASU.N0000) signed a Memorandum of Understanding with Pan Asia Banking Corporation PLC (PABC.N0000) to expand distribution of HNB Life's insurance solutions through Pan Asia Bank's network, strengthening their bancassurance partnership and customer access across Sri Lanka.

EconomyNext·Sep 3, 2026·Market commentaryNegative
Sri Lanka stocks close up on Thursday, ASPI moves 0.33-pct

Colombo Stock Exchange rose: ASPI +0.33% to 21,395.11 and S&P SL20 +0.40% to 6,007.23, with turnover Rs 2.45 bn. Top gainers included Haycarb, Royal Ceramics, Dipped Products, Access Engineering and Dialog Axiata; HNB, Pan Asia, DFCC and SANASA Development Bank were laggards. Maharaja Foods issued an addendum setting an EGM on Sep 25, 2026 for its proposed scrip dividend.

Daily FT·Aug 21, 2026·Market commentary
CSE dips after early rally to close in red

The Colombo market fell for a fourth straight session as the ASPI closed down 0.05% (10.95 pts) at 21,405.62 with turnover over Rs.1.5bn and foreign net outflows of Rs.24.8m. SAMP, BREW, BUKI, JKH and CDB weighed on the index while MELS, SPEN, DIAL, CFIN and HARI were among gainers; banking led turnover.

Banks & Finance sector: what is happening

Last 14 days to Sep 30, 2026

With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.

Auto-generated from 45 sector news articles over 14 days. Not investment advice.