Pan Asia Bank Records Best-Ever Q1 results in Challenging Times – Profit After Tax soars by 81% to post Rs. 750 Mn.
May, 4, 2021
Net Fee and Commission Income - Rs. 466 Mn, up by 28%
Other Operating Income - Rs. 179 Mn, up by 141%
Operating Profits up by 47% to post Rs. 1,197 Mn owing to overall excellent core banking performance and success of cost containment strategies
Operating Efficiency enhances as Cost-to-Income Ratio improves from 45.66% to 38.08%
Profit Before Tax - 986 Mn, up by 51% despite increased prudential provisioning
Key Profitability Indicators are among the best in the industry
Net Interest Margin improves from 4.41% to 07%
Return on Assets (Pre-Tax) improves from 1.70% to 24%