The growth in the profit before tax was 231 per cent year-on-year (yoy) to Rs. 270.2 million, the bank said in a media release.
The bank has been able to record this commendable performance due to the growth of its loan book coupled with expanding net interest margin. This has also been amply assisted by the cost discipline demonstrated throughout in delivering its services. Pan Asia Bank closed the 2014 financial year expanding its loan book by 34 per cent, among the highest credit growths by a licensed commercial banks in the country, which continued to 1Q’15 as well, the release said.