Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

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People’s Bank Investment banking unit was established as a part of the People’s Bank Treasury Unit. The unit provides the following investment banking services:

Service Offered

Initial Public Offerings (IPO)

An initial public offering (IPO) is the first time that the stock of a firm is offered to the public. IPO's are often issued by smaller or younger companies seeking capital to expand, but they can also be issued by large privately-owned companies looking to become publicly traded.

Credentials
People's Insurance PLC
Right Issue

New stocks/shares offered to existing stockholders/shareholders in proportion to their current shareholdings at a specific price.

Debt Finance Market
Debentures

An instrument which is used to borrow long term and medium term funds by a company.

Credentials
  • 2013
  • HDFC Bank PLC
  • 2014
  • Kotagala Plantations PLC
  • People’s Leasing & Finance PLC
  • Pan Asia Banking Corporation
  • Abans PLC
  • 2015
  • Pan Asia Banking Corporation
  • People’s Leasing Finance PLC
  • 2016
  • DFCC Bank
  • Hayleys PLC
  • Seylan Bank PLC
  • Nations Trust Bank
  • People’s Leasing & Finance PLC
Trustee Services / Facility Agent Services

People’s Bank provides Trustee Services / Facility Agent Services for Asset Backed Securitizations, Loan syndications and for Management of Funds.

Commercial Paper

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, at a discount at the prevailing market interest rates.

Securitization

Securitization is the process of transforming receivables into securities, which may be traded later in the open market.

Promissory Notes

A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date.

Loan Syndication

Loan syndication is the process of involving several different lenders in providing various portions of a loan. Loan syndication most often occurs in situations where a borrower requires a large sum of capital that may be too much for a single lender to provide or outside the scope of a lender's risk exposure levels.

Economic & market Review

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