Pan Asia Bank partners SLECIC to provide pre-departure loans for migrant workers

From left: Pan Asia Bank Head of Marketing Sirimevan Senevirathne, SLECIC Marketing Assistant Deepika Madushani, Junior Manager – Operations Balasubramaniam Satheesh, Junior Manager – Marketing Dulakshi Subasinghe, Assistant General Manager – Marketing Shyama Selvaratnam, General Manager Upeksha Subasinghe, Chairman/Managing Director Prof. (Dr.) Aruna Shanthaarachchi, Pan Asia Bank Director/CEO Naleen Edirisinghe, Deputy General Manager – Credit Gayanath De Silva, Assistant General Manager – Deposit Mobilisation and Customer Experience Buddhika Perera, Chief Manager – Consumer Banking Dhanushka Sapugasthanna, Head of Retail Credit Yohan Ebell, Assistant Manager – Central Sales Janitha Karunarathna, Senior Manager – Remittances Ishara Premarathne, and Senior Manager – Legal Iroshini De Silva 

Pan Asia Bank has entered into a strategic partnership with the Sri Lanka Export Credit Insurance Corporation (SLECIC) to further enhance its Remit Max Pre-Departure Loan Scheme for migrant workers by incorporating the APARA Guarantee Cover.

The inclusion of the SLECIC APARA Guarantee Cover strengthens the proposition by helping eligible applicants obtain the pre-departure financial support required to meet expenses associated with securing employment abroad.

The Pre-Departure Loan Scheme, as part of its Remit Max package for migrant workers, was introduced by Pan Asia Bank to ease the financial burden faced by individuals seeking overseas employment, offering a dedicated financing solution for costs incurred prior to departure. The addition of APARA Guarantee Cover offers an enhanced level of financial support, enabling more prospective migrant workers to access funding with greater confidence while promoting safe and responsible worker migration. The collaboration reflects the shared commitment of Pan Asia Bank and SLECIC to empowering Sri Lankan migrant workers and their families while contributing to the country’s foreign remittance inflows, which remain an important pillar of the national economy.

Assistant General Manager – Deposit Mobilisation and Customer Experience Buddhika Perera said: “The Remit Max package has been carefully designed around the complete customer journey of aspiring migrant workers and their families. We understand that securing overseas employment involves significant financial commitments even before departure, and our objective has always been to provide timely, accessible financial solutions at every stage of that journey. The integration of the APARA Guarantee Cover with the newly launched pre departure sub product further strengthens this proposition by expanding access to financing, giving customers greater confidence as they take this important step towards building a better future for themselves and their families.”

Chief Manager – Consumer Banking Dhanushka Sapugasthanna said: “Pan Asia Bank is committed to developing financial solutions that address the real needs of our customers. By partnering with SLECIC to strengthen the Pre-Departure Loan Scheme with APARA Guarantee Cover, we are making it easier for aspiring migrant workers to access the financial assistance they need to pursue overseas employment without stress.”

SLECIC Chairman/Managing Director Prof. (Dr.) Aruna Shanthaarachchi said: “The APARA Guarantee Cover was introduced to improve access to finance for prospective migrant workers by sharing credit risk and supporting responsible overseas employment. Our partnership with Pan Asia Bank expands the reach of this important initiative, enabling more Sri Lankans to access formal financial support as they prepare for overseas employment while contributing to the country’s foreign exchange earnings and broader economic development.”

SLECIC General Manager Upeksha Subasinghe said: “This collaboration demonstrates how financial institutions and public sector organisations can work together to address practical challenges faced by migrant workers. By integrating the APARA Guarantee Cover with Pan Asia Bank’s Remit Max facility, we are providing a more accessible and structured financing solution that supports aspiring migrant workers throughout their pre-departure journey while promoting greater financial inclusion.”