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Business Revival
Unit

Business Revival Unit

The Business Revival Unit (BRU) of People’s Bank was established in 2021 with the core objective of assisting viable and feasible business enterprises navigating financial distress due to macroeconomic challenges.

Following the issuance of Circular No. 02 of 2024 by the Central Bank of Sri Lanka, we have significantly broadened the scope of the BRU and functioning as a strategic bridge between the bank and distressed customers. The unit is dedicated to offering customized financial solutions tailored to the specific needs of potentially viable and feasible businesses.

By fostering mutually beneficial outcomes, the BRU plays a pivotal role in supporting distressed entities on their journey toward recovery and long-term growth.

Objective

To restore long-term financial sustainability for underperforming or non-performing business borrowers by providing a focused, structured, and solution-oriented revival approach.


Eligibility

Businesses may be eligible for support through the Business Revival Unit (BRU) if they meet the following conditions:

  • Maintain credit facilities with People's Bank
  • Are experiencing operational or financial challenges
  • Demonstrate potential for recovery based on viability and feasibility assessments
  • Are committed to transparent collaboration throughout the revival process

Process

Businesses may be eligible for support through the Business Revival Unit (BRU) if they meet the following conditions:

  • Referral & Identification
    • Distressed accounts are referred by People’s Bank branches to the BRU.
  • Assessment of Viability
    • A detailed analysis is conducted to evaluate the business’s revival potential.
  • Formulation of Revival Plan
    • Customized solutions such as debt restructuring, rescheduling, or other financial arrangements are proposed and executed.
  • Ongoing Monitoring
    • Approved revival plans are monitored closely to ensure effective implementation and progress tracking.

    Every revival strategy is framed in adherence to the Bank’s internal credit policy and regulatory frameworks issued by the Central Bank of Sri Lanka.


Contact Us

  • No.75, Sir Chittampalam A. Gardiner Mawatha,
    Colombo 2, Sri Lanka.
  • 011-2481481 Ext- 1913 / 1919
  • indranir@ peoplesbank.lk / minolir@peoplesbank.lk
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