The strategic human resource management (SHRM) practices at Dialog Axiata PLC

Pan Asia Bank

Products and Services of the Bank

Deposits

Ø Saving Accounts 

                                

Normal savings                             Rs1000

Champion saver                            Rs1000

Salary accounts/salary saver       Rs200

                                                                                    Sammana saving                            Rs200

Ø Minor saving accounts

Initial deposit

Daskam         1000

Mithuru         500

Ø Target investment plan

2 year investment plan

3 year investment plan

4 year investment plan

5 year investment plan 

Blue chip money market saving

Earn high returns on your company funds by linking the Blue Chip Money Market Savings Account with current account through sweep facility.

ü Below 10mn-   0%

ü  Above 10mn -   10.5%

Currency	Interest rate
AUD	2.25%
CAD	1.00%
CHF	0.5%
EUR	1.15%
GBP	1.5%
JPY	0.10%
USD	2%

Promotions

Ø  Loans

Sawbagya loan scheme                                 8%

Awakening north refinance                           9%

Dairy development loan scheme                   6%

Niwasa home loan                                         17%

Step up niwasa housing loan                         16.5%

Ø  Leasing

Brand new & unregistered                             17%

Registered                                                       17%

Budget plus                                                     17%

Ø Pan asia bank credit cards

World master caeds                                          28%

Pan asia bank                                                   25.75%

Pan asia gold                                                    28%

Pawning                                                            21%

Sri Lankan citizens over 18 years of age to own gold or gold jewelry (18-24 carat)

irrespective of whether they are an account holder of pan Asia bank or not.

Further more they offer to the customers,

ü  Branded vasa international debit card

ü  Personal cheque books

ü  Sweep in sweep out – free

ü  Telegraphic transfer – 25% off

ü  Quick cash –within 2 hours request

ü  ATM

ü  SMS banking

ü  SMS alert

ü  Margin trading facilities

Corporate banking

Corporate banking unit

Ø  Blue Chip Money Market Savings

Earn high returns on your company funds by linking the Blue Chip Money Market Savings Account with current account through sweep facility.

                       

Interest Rate (p.a.)                    A.E.R

v  Below LKR 10,000,000/-                   0%                                             –

v  LKR 10,000,000/- and above            10.50%                                   11.02%

Ø Margin Trading & Custodial Services

Realise your long term investment goals through leveraging and amplifying your exposure without having to invest any additional capital.

Benefits,

ü  Get borrowings against your stock portfolio for future investments

ü  Receive up to 50% margin on your stock portfolio

ü  Authorise by the Securities and Exchange Commission of Sri Lanka

Ø Trade Services

A range of short term to medium term trade financing solutions to meet your company's global trade requirements.

v  For Importers

ü  Letter of Credit

We issue, amend and pay sight and usance letters of credit. Customers can benefit from our expertise in structuring the instruments in the best manner.

ü  Import Bill Collections

Our clients can rely on our expertise in efficient and prompt handling of Import collection documents.

ü  Trade Credit

We address your working capital gap through import financing solutions in foreign currency through Buyers/ Suppliers Credit at competitive rates.

v  For exporters

ü  Export Pre-shipment Finance

We provide Export Packing Credit both in rupee as well as foreign currency at competitive rates

ü  Export LC Advising

Benefit from timely receipt, expert advice and a wide international network when your Export Letter of Credits is advised through Pan Asia Bank

ü  Export Letter of Credit Confirmation

With our confirmation services, you can eliminate the foreign bank risk and country risks from your export transaction

ü  Purchase/Discounting of Export Bill

We offer this at competitive rates both in rupee as well as foreign currency with world-class service standards

ü  Export Bill Collection

Concentrating your Documentary Collection activities with Pan Asia Bank, you can eliminate many of your exporting hassles

v Guarantees

ü  Performance Guarantees

ü  Financial Guarantees

ü  Bid Bond Guarantees

ü  Advance Payment Guarantees

ü  Deferred Payment Guarantees

Treasury

Ø  REPO'

A Repo is an agreement for the simultaneous purchase and sale of a security, usually Treasury Bills and Bonds. Repo deposits are money market investment instruments to invest short term and medium term funds. While there is no restriction on the amount that can be invested, the bank may impose minimum requirements for operational reasons. Interest is payable at maturity.

Ø  Revers REPO’S

A Reverse Repo is a form of short-term borrowing for holders of government securities. The customer sells the government securities to the bank, usually for a short tenor, and buys them back at the end of the term. Reverse Repos are money-market instruments that are usually used to raise short-term capital. Offers a supremely secure investment opportunity with a wide range of investment periods.

Ø  Treasury bills

A supremely secure investment opportunity via treasury bills & bonds issued by the Central Bank of Sri Lanka on behalf of the Sri Lankan government. The minimum amount is Rs: 5000,000

Ø  Treasury bonds

Bonds are auctioned by the Central Bank on behalf of the government as and when required. These bonds pay a semi-annual coupon of interest at a fixed rate. Treasury Bonds are tradable in the secondary market. The minimum amount Rs: 5000,000

Ø  Sri Lanka Development Bonds

The Sri Lanka Development Bonds (SLDBs) are a debt instrument denominated in US Dollars issued by the Government of Sri Lanka in terms of the Foreign. The minimum investment at the auction shall be USD 100,000.

Ø  Foreign Currency Banking Unit

Banking solutions to carry out transactions in designated foreign currencies for residents and non-resident enterprises and resident enterprises

Benefits,

ü  Normal exchange control regulations are not applicable

ü  Concessions on customs duty

ü  Lower interest rates on borrowings

ü  Minimize exchange rate fluctuation

ü  Tax benefits

SME banking

Services Provided

Ø  Start Up Projects

Customized financing solutions for new enterprises on flexible terms. Proceeds may be utilized to finance capital assets, working capital and to meet pre operational expenses.

Ø  Expansions, Relocations & Diversifications

Financial assistance to acquire capital assets, to finance incremental working capital requirement, to support existing enterprises, to expand the business activities and to move up to the next level or to diversify activities of the enterprises.

Ø  Working Capital financing

Term loans, Short Term loans, Trade Financing and overdrafts to finance working capital requirements in line with business needs to existing operating Enterprises.

Products Offered

Following products are offered by pan Asia bank for small and medium sized enterprises.

ü  Term Loan/Short Term Loan

ü  Overdraft

ü  Leasing

ü  Trade Financing

ü  Import and Export Financing

ü  Revolving Loans

ü 
Bank Guarantees