Change Factor

A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and the National Savings Bank to build its housing loan portfolio. A name, brand and balance sheet makeover later, Pan Asia Bank Corporation Limited says it is talking to an undisclosed foreign bank and the National Savings Bank to build its housing loan portfolio. The deal will see the newly renamed PABC Bank securitising its prospective housing loan book with the two banks.


Clean Up


An aggressive
restructuring programme initiated in 2003, the Bank was
recapitalised with Rs. 100 million in shareholder funds and Rs. 200
million through a debenture.


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