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December, 2016: Sri Lanka’s fastest-growing commercial bank, Pan Asia Bank, recently entered into an agreement with the Symbiotics Group, a Geneva-based fund specialising in providing credit facilities for SME development worldwide, to raise over $ 17 million through a senior debt arrangement. Under the agreement with Symbiotics, the funds will be made available in two components, one in US dollars and the other one in Lankan rupees.  Symbiotics is a leading global investment company dedicated to inclusive and sustainable finance in emerging and frontier markets.

For full report :

http://www.ft.lk/article/586515/Pan-Asia-Bank-raises-over----17-m-in-foreign-funding

http://www.dailymirror.lk/article/Pan-Asia-Bank-raises-over-US-mn-in-foreign-funding--120960.html

http://dailynews.lk/2016/12/20/business/102408

   
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