Pan Asia Bank strengthens financial management skills of SME entrepreneurs

As an active business partner for entrepreneurs, Pan Asia Bank has been in the forefront of supporting the Sri Lankan business community to move forward. 
As a key initiative, the bank recently held the latest session in a series of workshops on ‘SMEs and Financial Management to enhance financial literacy to better manage small businesses.
Thirty two Pan Asia Bank SME customers from the Colombo South region attended the workshop which was held at Ariyana Reach Hotel in Maharagama. 

The workshop was conducted by Sarath Dias-Bandaranayake, a Fellow of the Institute of Bankers, Fellow of the Institute of Training & Development, Founder Fellow of the Institute of Chartered Professional Managers; Certified Life & Business Coach is a Trainer of Entrepreneurs, Banking & Finance & HR Professionals, Essential Skills, Trainers, Coaches; Life & Business Coach; Banking, Finance, Management &a HR Consultant.
Participants benefitted by way of gaining knowledge on preparation of cash flows, bank reconciliation statements and financial literacy. The workshop also helped customers understand banking in relation to their business and financial security. This included an overview of bank borrowings, working capital, Current Assets and Current Liabilities and Profitability and cash flow. Pan Asia Bank’s Assistant General Manager – Branch Credit Nimal Ratnayake commented, “Pan Asia Bank is committed to holding these workshops regularly for its SME customer base because of the value they add to the economy. However, many lack the necessary financial expertise to manage the financial aspects of running a business, which is why our workshops are focused on strengthening their financial management skills so that they have a 360-degree view of their financial cash flows and liquidity management which ensures their businesses can thrive in times of adversity.”
The next workshop is scheduled for November.