PABC Live Chat

Jayantha Rangamuwa takes charge as Chairman of Pan Asia Bank

May 7, 2021

Further strengthening the Board of Directors at Pan Asia Bank, Mr. Jayantha S B Rangamuwa assumed duties as Chairman on 5th May at the Bank’s head-office in Colpetty. He is an experienced hand at Pan Asia Bank, having served on the Board of Pan Asia Bank as Director since August 2014 and as Deputy Chairman from January 2018.On a strong growth trajectory, Pan Asia Bank recently recorded best-ever 1Q 2021 results to report a Post-Tax profit of Rs 750 Mn after recording an impressive growth rate of 81% demonstrating the resilience amidst challenging times. As Incoming Chairman, Mr. Jayantha Rangamuwa has exciting plans for further reinforcing the Bank’s status as The Truly Sri Lankan Bank by connecting with customers and employees to preserve the Bank’s legacy of a truly home-grown and proud Sri Lankan bank.

A highly-respected leader in the banking and financial services industry, Mr. Jayantha Rangamuwa, brings with him over 30 years of senior management exposure having held key positions at strategic and operational levels and is an experienced professional with expertise in management, finance, credit and marketing. He takes over from outgoing Chairman, Mr. G A R D Prasanna, who retired recently after completing his term as a Director.

Commenting further, Mr. Jayantha Rangamuwa said, “I am pleased to be given the privilege to lead Pan Asia Bank as Chairman, strongly supported by Deputy Chairman Aravinda Perera, fellow Directors on the Board, the management team led by the MD/CEO Nimal Tillekeratne and the rest of the management team . The Bank’s financial performance in 2021 has been exceptional against the backdrop of the pandemic and its impact on the economy. To achieve the best-ever results in such a volatile year and to follow it up with even better results in Q1 2021is commendable. I am confident that through the remaining year the Bank will rise from strength to strength. Signs of wider economic recovery and positive market sentiment provide the right platform for Pan Asia Bank to expand while cementing its brand position as the Truly Sri Lankan Bank, supported by a skilled and enthusiastic industry-best team!”

Mr. Rangamuwa has been the Managing Director of Vallibel Finance since its re-launch and Managing Director of Vallibel Properties . He is a former Director of Mercantile Investments and also had stints at Central Finance and Ernst & Young. A Fellow of the Chartered Institute of Marketing (UK), he is a member of the Institute of Management Accountants (Australia) and has an MBA from the University of Southern Queensland.

In addition to its record-breaking financial performance, Pan Asia Bank also played a pivotal role in making a positive impact in the sphere of sustainability, being awarded the prestigious “Global Climate Partnership Award” by Global Climate Partnership Fund, one of the world’s largest climate funds which recognises outstanding performance. The Bank’s green initiatives won it the “Best Green Bank in Sri Lanka – 2020” by UK-based Global Banking and Finance Review. Pan Asia Bank was crowned the “Fastest Growing Commercial Bank in Sri Lanka – 2021” by International Business Magazine; “Best Bank for Treasury Activities Sri Lanka – 2021” by the Global Banking & Finance Awards 2021; and ranked among “Top 30 Corporates in Sri Lanka” for the second consecutive year by Business Today.

Acknowledged as the fastest-growing commercial banking Sri Lanka, Pan Asia Bank has earned a solid reputation as an agile and robust banking institution that is based on a strong framework of good governance, sustainability and ethical operations.

Photo Caption: Mr Jayantha S B Rangamuwa is seen assuming duties as the Chairman,  at Pan Asia Bank Head Office Colpetty. His family members are also seen in the picture.