Report title: Credit Update on Pan Asia Banking Corporation Plc
from Fitch Research
1 page (2370 word) report published Aug 20, 2008

Price $165.00 available for immediate download
Report Overview
 
Search Inside
 
About Fitch Research

...The rating factors in Pan Asia Banking Corporation Plc s (PABC) improving capitalisation and profitability. The rating remains constrained by the requirement to meet the minimum capital requirement (MCR) set by Central Bank of Sri Lanka (CBSL) by FYE##, its high net NPL/equity ratios and concentrations in its credit portfolio. CBSL increased the MCR for licensed commercial banks (LCBs) in #### from LKR#.# billion to LKR#.#bn by FYE##. An equity infusion of LKR### million in FY## and internal capital generation over FY##\##FY## improved capitalisation for PABC (equity was LKR#.##bn at Q###) as indicated by an equity/assets ratio of #.#% at FYE## (#.#% at FYE##, #.#% at Q###); the equity infusion was partly to meet MCR. PABC's management informs Fitch that its investors are committed to raising the balance equity to meet MCR. Although sector margins have tightened, PABC's yields on its target market were high and the increased...

Report Type: Credit Update
Company(ies): Pan Asia Banking Corporation Ltd
Ticker(s): PABC
Free Sample: Click Here to Download
Format:
PDF Adobe Acrobat


Enter the keyword(s) which you would like to search for within this document and click "Search"  


Price: $165.00



  Can't Decide?

Purchasing premium research sight unseen can be intimidating. At Alacra we want you to know what you are getting. Visit our FAQ or ask our Customer Service Team any questions about the report you are considering purchasing.