Home / Front Page/ Nimal steps down as PABC Chairman, Eshana takes over

Nimal steps down as PABC Chairman, Eshana takes over


Comments / {{hitsCtrl.values.hits}} Views / Thursday, 1 September 2016 00:01


Nimal Perera yesterday stepped down as Chairman of Pan Asia Banking Corporation (PABC) after completing nine years on the Board as per Central Bank directions on good corporate governance.

Deputy Chairman Eshana de Silva takes over as the Chairman of PABC.

Perera first joined the Board of Pan Asia Bank as a Director in September, 2007 and was appointed as the Deputy Chairman in March 2008 and as Chairman in April 2012.Untitled-1

During his tenure there had been several significant achievements. Last year PABC reached the milestone of Rs. 1.04 billion after tax profit for the first time and crossed the Rs. 10 billion mark in income.  The Bank recorded a growth of over 35% in total assets, surpassing the key milestone of Rs.100 billion asset base and closed the year with assets totalling Rs.107.78 billion.

The Bank also saw the entry of strategic foreign investor Bansei from Japan in 2013 with a 15% stake. 

In 2015 PABC was awarded recognition as ‘the Fastest Growing Commercial Bank in Sri Lanka’ for the second year in a row while the Bank’s product ‘Budget Leasing’ was recognised as ‘the Most Innovative Banking Product in Sri Lanka’ by Global Banking and Finance Review of United Kingdom.

Perera has over 33 years of experience in the fields of Finance, Capital Market Operations, Manufacturing, Marketing and Management Services. 

He serves as a Director in several public quoted Companies. He is the Managing Director of Royal Ceramics Lanka PLC and Chairman of Lanka Ceramics PLC, Deputy Chairman of Vallibel One PLC and holds the position of Director in several quoted companies including Amaya Leisure

PLC, The Kingsbury PLC, L B Finance PLC, and Hayleys PLC.

Eshana joined the Board of Pan Asia Bank in July, 2008 and was appointed as Deputy Chairman in April, 2012. He is the Chairman of Esna Holdings  Ltd., Shermans Logistics  Ltd, Shermans Transport Ltd, Hanjin Shipping Lanka  Ltd and he is the Deputy Chairman of Esna  Ltd and Director at Esna Power Ltd, Esna Exports  Ltd., Sherman De Silva & Co. Ltd, Sherman Sons td, Mc Marine  Ltd, Esna Allied Enterprises  Ltd, Mountbatten Lands  Ltd, Plumbago Lanka Ltd, Esna International Ltd, Esna Lubricants Ltd, Integrated Shipping Agencies Ltd., Interocean Energy Ltd., and is the Honorary Consul General for Kazakhstan.

 


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Unless addressed, wages issue will keeping troubling Bangladesh’s garment industry

Saturday, 19 January 2019

The recent week-long mass protests by garment workers in Bangladesh came to an end after an upward revision of wages for six classes of workers. But even after the upward revision, the Bangladeshi garment worker gets less than what workers in compara


Is GDP the ideal metric of the future?

Friday, 18 January 2019

In an age of stark contradictions, we live in a world where the exclusive 1% enjoy access to an abundance of wealth and resources but also a world where a billion people scarcely have enough to eat and have limited access to health and education. Whi


Evaluation of economic performance: 4 years into Yahapalana Government

Friday, 18 January 2019

The Yahapalana Government completed four years on 8 January this year. The four-year journey was a rough ride with a clear rift between the President and the UNP; the ruling party. The Government continues to face severe criticism from both inside an


Elimination of bribery and corruption

Friday, 18 January 2019

Bribery and corruption can be regarded as a malicious cancer that has penetrated into almost every strata of Sri Lankan state. It can be considered a major factor affecting Sri Lanka’s poverty, backwardness and indebtedness. Abuse of power by thos


Columnists More