Pan Asia Bank Partners SLECIC for Migrant Worker Pre-Departure Loans 📈

Pan Asia Bank has entered a strategic partnership with the Sri Lanka Export Credit Insurance Corporation (SLECIC) to enhance its Remit Max Pre-Departure Loan Scheme by integrating the APARA Guarantee Cover. • Strategic Objective: To expand access to formal pre-departure financing for aspiring migrant workers, support safe migration channels, and boost Sri Lanka's foreign exchange remittance inflows. • Key Features: • Provides credit guarantee cover under the SLECIC APARA scheme to share credit risk for prospective workers holding confirmed foreign employment offers. • Eases pre-departure financial burdens by financing initial costs such as airfare, visa fees, medical exams, and registration expenses. • National Impact: Strengthens Sri Lanka's remittance framework, promotes financial inclusion, and supports a key economic driver by aiding individuals seeking overseas employment.