Fitch affirms Pan Asia Banking

Fitch Ratings said it affirmed Pan Asia Banking Corp. plc's national long-term rating at BBB-(lka)

The outlook is stable.

The rating is constrained by its weak asset quality and consequently high net NPLs/equity ratio, Fitch said.

The agency noted that although capital adequacy ratios of the bank remain strong, the bank has yet to meet the LKR 2.5 billion minimum capital requirement imposed on all licensed commercial banks by the regulator.

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