FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Today at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Today at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Today at 10:39 am

» Container shipping stocks routed
by target1 Yesterday at 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Yesterday at 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Yesterday at 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Yesterday at 9:57 am

» Positive news to boost market sentiment
by samaritan Yesterday at 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Japan’s Bansei buys 15% stake in Pan Asia Bank for Rs. 930 m

Japan’s Bansei buys 15% stake in Pan Asia Bank for Rs. 930 m

4 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

First key Japanese investment after President Rajapaksa’s visit to Tokyo in March to mark 60 years of bilateral relations

In a fresh boost to financial markets and reflecting growing foreign investor appetite, Japan’s Bansei Securities Ltd. yesterday acquired a 15% stake in Pan Asia Bank for Rs. 930 million.

The stake amounting to 44.256 million shares was done at Rs. 21 each. Overall the bank saw 45.18 million of its shares traded hitting an intra-day high of Rs. 21.90 before closing Rs. 1.20 to Rs. 20.30. Pan Asia Bank’s net asset value is Rs. 14, up by 15% over 2011.

Bansei is a trading member of the Tokyo Stock Exchange and has had a working relationship with NWS Holdings Ltd., which structured the deal.

Sellers included a foreign fund holding 27.68 million shares or 9.38% and Royal Ceramics Plc (six million shares or 2%) as well as Pan Asia Bank Chairman Nimal Perera who divested his personal holding of five million shares as per the disclosure to the CSE.

Business leader Dhammika Perera controls Pan Asia Bank with a 29% stake.

NWH Holdings subsidiary New World Securities along with Acuity Stockbrokers figured on the buying and selling side of the transaction.

A spokesman for NWS Holdings said the investment as well as entry into Sri Lanka by Bansei augured well for the financial services industry. Given the fact that Japanese investors control NWS Holdings, the latter has been actively promoting investments into Sri Lanka from Japan.

Taking a cue from a suggestion of President and Finance Minister Mahinda Rajapaksa for stockbrokers to venture overseas and promote investments, New World Securities conducted two road shows in Tokyo in 2011 and 2012, whilst NWS Holdings has been attracting Japanese investments into the Sri Lankan bond market as well.

NWS Chairman Takashi Igarashi also serves as a Director on the Pan Asia Bank Board.

With the purchase of a strategic 15% stake, Bansei becomes one of the few foreign firms with an exposure to a commercial bank whilst Pan Asia Bank also becomes one of the select few to have a strategic foreign shareholder. The public float of Pan Asia Bank is 57%.

PABC’s total assets in 2012 rose by 19% to Rs. 56 billion whilst liabilities saw an equal percentage growth to Rs. 52 billion of which deposits were worth Rs. 46.6 billion, up by 31% over 2011.

Net loans and advances rose by 24% to Rs. 42 billion.

Pan Asia Bank’s profit for 2012 was Rs. 860 million, up by 6% whilst pre-tax profit was Rs. 1.14 billion, down by 0.7%. Operating profit before VAT and taxes was Rs. 1.35 billion, same as in 2011.

Gross income rose by 47% to Rs. 7.76 billion, interest income rose by 52$ to Rs. 6.77 billion whilst net interest income improved by 10% to Rs. 2.4 billion. Equity capital and reserve amounted to Rs. 4.2 billion, up by 15%. In terms of capital adequacy, Pan Asia Bank’s Tier 1 was 13.34%, down by 4% over 2011 whilst the minimum requirement is 5% and Tier 1 and 2 was 15.75% up by 10% over 2011 whilst the minimum requirement is 10%.

Visioning itself to become the most customer preferred commercial bank in Sri Lanka, Pan Asia Bank has been in operation for 18 years with a comprehensive portfolio of corporate, retail and SME banking products and services. It also styles itself as one of the fastest growing banks in the industry. Last year it opened nine branches, bringing the total to 73.

Pan Asia Bank Director and CEO T.C.A. Peiris has said in the 2012 Annual Report that although the bank recorded a modest growth in 2012 despite the challenging market conditions prevalent, its commitment to enhance shareholder wealth remained strong.

“Pan Asia Bank, while continuing on its aggressive branch network expansion, earned a healthy 22.8% return on investment for shareholders in a challenging macroeconomic context,” he added.

The bank’s Board comprises Nimal Perera (Chairman), Eshana De Silva (Deputy Chairman), Anthony Page (Senior Director), Sunil Adhihetty, M.D.S. Goonatilleke, H.K. Seneviratne, Tharana Thoradeniya, Channa De Silva, G.A.R.D. Prasanna, T. Igarashi and T.C.A. Peiris (Director/CEO).
http://www.ft.lk/2013/04/17/japans-bansei-buys-15-stake-in-pan-asia-bank-for-rs-930-m/

sriranga

sriranga
Co-Admin

Japan’s Bansei Securities Co Ltd. President and CEO Toyohiko Murakami has been appointed to the Board of Pan Asia Bank Plc with effect from 24 April subject to the approval of the Central Bank. The appointment follows Bansei Securities acquiring a 15% stake in Pan Asia Bank for Rs. 930 million on 16 April.

Murakami counts over 30 years experience in managing various business fields consisting of securities, finance, insurance, real estate. He joined Bansei Securities in November 2005 and was appointed as the Executive Vice President in February 2006 and as the President and CEO in June 2009. He is also the Chairman of Bansei Hoken (Insurance) Community Co Ltd., a wholly owned subsidiary of Bansei Securities Ltd. Previously Murkami had worked with Zenkoku Hoso Co Ltd., from November 2005 to February 2006 and as a Director of HS Securities Co Ltd., from October 2000 to August 2005.

Following the latest appointment the Board of Directors of Pan Asia Bank Plc comprises Nimal Perera (Chairman), Eshana De Silva (Deputy Chairman), Toyohiko Murakami, Anthony Page (Senior Director), Sunil Adhihetty, M.D.S. Goonatilleke, H.K. Seneviratne, Tharana Thoradeniya, Channa De Silva, G.A.R.D. Prasanna, T. Igarashi and T.C.A. Peiris (Director/CEO).
http://www.ft.lk/2013/05/02/bansei-securities-president-appointed-to-pan-asia-bank-board/

http://sharemarket-srilanka.blogspot.co.uk/

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

PABC .... cheap as chips Wink 

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

rainmaker wrote:PABC .... cheap as chips Wink 
PABC my favourite on TECH.This share could give short term GAINS 2-3 Rs if we ENTER @ the right PRICE.
You know what i mean


But Not a LT one ....without a doubt

GL

traderathome

traderathome
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Having seen past PA this one can give GAINS only @ the right price,but if you get caught @HIGH ...then sorry tama.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum