PRODUCT CATEGORY OF PAN ASIA BANK

Deposits
Saving Accounts                               
Normal savings                            Rs1000
Champion saver                            Rs1000
Salary accounts/salary saver       Rs200
Sammana saving                            Rs200

Minor saving account
                     Initial deposit
Daskam         1000
Mithuru         500
Target investment plan
2 year investment plan
3 year investment plan
4 year investment plan
5 year investment plan

Blue chip money market saving
Below 10 mn-   0%
Above 10mn -   10.5%
Currency
Interest rate

AUD
2.25%

CAD
1.00%

CHF
0.5%

EUR
1.15%

GBP
1.5%

JPY
0.10%

USD
2%





Promotions






Loans
Sawbagya loan scheme                                8%
Awakening north refinance                         9%
Dairy development loan scheme                6%
Niwasa home loan                                         17%
Step up niwasa housing loan                       16.5%

Leasing
Brand new & unregistered                         17%
Registered                                                      17%
Budget plus                                                     17%

Pan asia bank credit cards
World master caeds                                      28%
Pan asia bank                                                  25.75%
Pan asia gold                                                    28%

Pawning                                                            21%

Sri Lankan citizens over 18 years of age to own gold or gold jewellery (18-24 carat) irrespective of whether they are an account holder of pan Asia bank or not.
Further more they offer to the customers
Branded vasa international debit card
Personal cheque books
Sweep in sweep out – free
Telegraphic transfer – 25% off
Quick cash –within 2 hours request
ATM
SMS banking
SMS alert
Margin trading facilities
Corporate banking
Corporate banking unit
Blue Chip Money Market Savings

Earn high returns on your company funds by linking the Blue Chip Money Market Savings Account with current account through sweep facility.



Interest Rate (p.a.) A.E.R

Below LKR 10,000,000/- 0%    –
LKR 10,000,000/- and  above 10.50% 11.02%

Current Accounts
Savings Accounts
REPO
Treasury Bills & Bonds
EFC Accounts
Commercial Paper
Hedging Solutions
Import & Export
Internet Banking
Leasing
Loans
Overdrafts
Project Financing

Margin Trading & Custodial Services

Realize your long term investment goals through leveraging and amplifying your exposure without having to invest any additional capital.

Features & Benefits

Get borrowings against your stock portfolio for future investments
Receive up to 50% margin on your stock portfolio
Authorize by the Securities and Exchange Commission of Sri Lanka
Trade Services
A range of short term to medium term trade financing solutions to meet your company's global trade requirements.
For Importers
Letter of Credit
We issue, amend and pay sight and usance letters of credit. Customers can benefit from our expertise in structuring the instruments in the best manner.
Import Bill Collections
Our clients can rely on our expertise in efficient and prompt handling of Import collection documents.
Trade Credit
We address your working capital gap through import financing solutions in foreign currency through Buyers/ Suppliers Credit at competitive rates.


For exporters
Export Pre-shipment Finance
We provide Export Packing Credit both in rupee as well as foreign currency at competitive rates

Export LC Advising
Benefit from timely receipt, expert advice and a wide international network when your Export Letter of Credits is advised through Pan Asia Bank

Export Letter of Credit Confirmation
With our confirmation services, you can eliminate the foreign bank risk and country risks from your export transaction

Purchase/Discounting of Export Bill
We offer this at competitive rates both in rupee as well as foreign currency with world-class service standards

Export Bill Collection
Concentrating your Documentary Collection activities with Pan Asia Bank, you can eliminate many of your exporting hassles
Guarantees
Performance Guarantees
Financial Guarantees
Bid Bond Guarantees
Advance Payment Guarantees
Deferred Payment Guarantees
Treasury
REPO'
A Repo is an agreement for the simultaneous purchase and sale of a security, usually Treasury Bills and Bonds. Repo deposits are money market investment instruments to invest short term and medium term funds. While there is no restriction on the amount that can be invested, the bank may impose minimum requirements for operational reasons. Interest is payable at maturity
Revers REPO’S
A Reverse Repo is a form of short-term borrowing for holders of government securities. The customer sells the government securities to the bank, usually for a short tenor, and buys them back at the end of the term. Reverse Repos are money-market instruments that are usually used to raise short-term capital. Offers a supremely secure investment opportunity with a wide range of investment periods.
Treasury bills
A supremely secure investment opportunity via treasury bills & bonds issued by the Central Bank of Sri Lanka on behalf of the Sri Lankan government. The minimum amount is Rs: 5000,000
Treasury bonds
Bonds are auctioned by the Central Bank on behalf of the government as and when required. These bonds pay a semi-annual coupon of interest at a fixed rate. Treasury Bonds are tradable in the secondary market. The minimum amount Rs: 5000,000
Sri Lanka Development Bonds
The Sri Lanka Development Bonds (SLDBs) are a debt instrument denominated in US Dollars issued by the Government of Sri Lanka in terms of the Foreign. The minimum investment at the auction shall be USD 100,000.
Foreign Currency Banking Unit
Banking solutions to carry out transactions in designated foreign currencies for residents and non-resident enterprises and resident enterprises
Features & Benefits
Normal exchange control regulations are not applicable
Concessions on customs duty
Lower interest rates on borrowings
Minimize exchange rate fluctuation
Tax benefits
SME banking
Services Provided
Start Up Projects
Customized financing solutions for new enterprises on flexible terms. Proceeds maybe utilized to finance capital assets, working capital and to meet pre operational expenses

Expansions, Relocations & Diversifications
Financial assistance to acquire capital assets, to finance incremental working capital requirement, to support existing enterprises, to expand the business activities and to move up to the next level or to diversify activities of the enterprises

Working Capital financing
Term loans, Short Term loans, Trade Financing and overdrafts to finance working capital requirements in line with business needs to existing operating Enterprises
Products Offered
Following  products are offered by pan Asia bank For small and medium sized enterprises

Term Loan/Short Term Loan
Overdraft
Leasing
Trade Financing

Import and Export Financing
Revolving Loans
Bank Guarantees

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