Pan Asia Bank announced its participation in a landmark syndicated loan of Rs. 33.5 billion extended to the Ceylon Electricity Board (CEB). The facility, successfully led by Sampath Bank together with Nations Trust Bank and Pan Asia Bank, will play a crucial role in cushioning CEB’s debt restructuring process while supporting its ongoing operations to ensure the continued delivery of reliable electricity across the nation.
This syndicated loan underscores the strength and resilience of Sri Lanka’s banking sector in coming together to support nationally significant institutions. Through its involvement, Pan Asia Bank reaffirms its commitment to advancing projects that directly impact the country’s economic stability and the daily lives of its people.
Naleen Edirisinghe, Managing Director/CEO of Pan Asia Bank, stated: “As a bank with a clear focus on sustainability and national development, we are proud to join hands with Sampath Bank and Nations Trust Bank in supporting the Ceylon Electricity Board. Reliable access to energy is vital for economic progress, and this syndicated facility will enable CEB to continue serving millions of Sri Lankans while navigating its financial restructuring. Pan Asia Bank remains dedicated to empowering institutions that drive long-term growth and resilience in our country.”
By participating in this strategic collaboration, Pan Asia Bank demonstrates its role as a trusted partner in advancing Sri Lanka’s national priorities, strengthening economic stability, and ensuring a brighter future for all Sri Lankans.