RAPID (GREEN) GROWTH
A pioneer of innovative and green banking products, Pan Asia Bank has acted as a catalyst in Sri Lanka’s transition to a greener economy.
In 2013, the bank teamed up with GCPF to identify growth segments with assured investment demand in a crowded banking sector. Drawing on GCPF’s financial and advisory support, Pan Asia Bank set up a two-year project focusing on product development in the energy efficiency area. As a result, the bank has successfully developed and mainstreamed hybrid car loans and diversified its green lending portfolio.
SUPPORTING GREEN GROWTH
As a mature and bigger player, Pan Asia Bank now looks at funding much larger renewable energy and energy efficiency projects. Its “Solar Loan Scheme” enables customers to purchase solar energy systems so as to generate their own electricity, reduce electricity bills and help mitigate climate change.