CBSL Cancels Pan Asia Bank's Primary Dealer Licence ⚖️

• Overall Regulatory Action: The Central Bank of Sri Lanka (CBSL) has officially cancelled the Primary Dealer Licence of Pan Asia Banking Corporation PLC (PABC). While the formal notification was issued on 27 January 2026, the cancellation is retroactively effective from 23 October 2025. • Historical Context: This follows a prolonged suspension period that began on 15 August 2017. The initial suspension was linked to investigations into government bond market transactions involving Perpetual Treasuries Ltd. • Impact on Operations: • Regular Banking: No impact; the bank continues its standard commercial banking operations, including deposits and lending. • Securities Trading: PABC remains active in the secondary market for Government securities. • Primary Auctions: The bank is strictly prohibited from participating in primary auctions for Treasury bills and Treasury bonds. • Current Status: The bank confirms that this cancellation will not disrupt its core financial services or its commitment to the banking sector and national economy. _Source: Based on official bank statements and CBSL regulatory filings._