Pan Asia Bank further expanded its branch network yesterday with the opening of its 50th branch in Ratmalana at No. 446, Galle Road, Ratmalana.
The inauguration of the new branch was marked by chief guest the Mayor of Dehiwela-Mount Laviniya Municipal Council, Sunethra Ranasinghe and guest of honour A.G.Weerasinghe – Chairman Pan Asia Bank.
Listed in the Colombo Stock Exchange and in operation for 16 years, it offers a full range of retail and business banking products and services.
Pan Asia Bank has already opened eight branches within the year, and continues its vigorous expansion drive with a view of achieving 25 new branches in 2011 and 100 branches by the end of 2012.
Pan Asia Bank takes pride in its customer centric focus and will be offering a highly personalised service, competitive deposit and loan rates and an array of novel banking products including Champion Saver account with a very attractive interest of 8% for a savings account, three types of minor savings accounts, Gold Loans with the highest advance amount up to Rs. 41,000 per sovereign, and leasing at the lowest market rate down to 1%.
Pan Asia Bank Ratmalana branch is headed by Shamraz Ishrath. The branch will be opened from 9 a.m. to 4 p.m. on weekdays and from 9 a.m. to 1 p.m. on Saturdays.