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People’s Bank offers main sponsorship for Kandy Esela Perahera


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People’s Bank unveils a Self-Banking Unit in Rattota


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People's Bank yet again ranked amongst the prestigious World’s Top 1000 Banks


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People's Bank Rewards March Millionaire of “Vaasi Kotiyai” Remittance bonanza in Saudi Arabia


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People's Bank and CA Sri Lanka join hands to launch a Mentoring Program for SME Exporters


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People's Bank celebrates its 61st Anniversary


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People’s Bank Gandara Branch Moves to New Premises


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People’s Bank organized a series of meritorious deeds in Anuradhapura for Poson Poya


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People's Bank Buddhist Society donates dry rations to needy families


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People’s Bank resilient amidst extra-ordinary distress


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People's Bank Vaasi Kotiyai rewards foreign remittance draw winners


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People's Bank launches Affinity Credit Card to celebrate Mahamaya Girls’ College 90th Anniversary


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People's Bank strikes Gold at Technnovation Awards 2022


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People's Bank becomes the first bank to be an issuer and an acquirer of LankaPay National Card Scheme


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People’s bank promotes LankaQR facility in Negombo


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People's Bank joins hands with the ETF to award scholarships to members’ children


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People's Bank’s Embuldeniya Service Centre moves to an enhanced new location


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People's Bank opens a banking counter at Passport Office to add further convenience to migrant workers


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People's Bank donates another Portable Ultra Sound Scanner to the Jaffna Teaching Hospital in commemoration of its 60th anniversary


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People’s Bank’s quick digital loan processing facility expanded to 200 branches


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People's Bank celebrates world MSME Day with Biz fair 2002

Coinciding with World Micro - Small and Medium Scale Business Day, the small and medium scale business unit of People's Bank, recently organized a trade fair called 'Biz Fair 2022' at the third floor of their Head Office, Colombo 02.
This fair was held with the participation of several entrepreneurs who benefitted from the ‘People's Spark’ entrepreneurship development program along with other business clients. The exhibition consisted of stalls promoting clothes, confectionery items, dairy products, spices and related products, organic fertilizer, electrical items, ornamental jewelry and much more.
This Biz fair commenced with the patronage of the Chairman of People's Bank - Sujeewa Rajapakse and Chief Executive Officer /General Manager - Ranjith Kodituwakku. Senior Deputy General Manager (Payment, Digital, Process Management & Quality Assurance) of People's Bank - K. B. Rajapakse, Senior Deputy General Manager (Overseas Customer Services) - Rohan Pathirage, Deputy General Manager (Enterprise Banking) - Krishani Narangoda, Asistant General Manager (Small and Medium Enterprise) - Wickrama Narayana, other members of the corporate and executive management and other staff members also participated.

People's Bank Vaasi Kotiyai rewards foreign remittance draw winners


31th March 2022, Colombo: People's Bank picked the third batch of winners of the People's Remittance ‘Vaasi Kotiyai, Ewannai Dinannai Draw 2022’ where the Daily and Weekly Winners for the first two weeks of March were selected. This event was held at the People's Bank, Overseas Customer Services premises at Colombo 10 recently. Accordingly, prizes of Rs. 10,000 each will be presented to 14 Daily Winners while the 2 Weekly Winners will be awarded 22- Karat gold sovereigns. People's Bank launched ‘People’s Remittance Vaasi kotiyayi’ Draw from 1st February 2022 to encourage and appreciate efforts Sri Lankan migrant workers who work tirelessly to strengthen the country's economy and build a better life for themselves and their families. Under this promotion, the Grand Draw winner who will be selected at the yearend will be presented with a Grand Prize of Rs.10 million. Additionally, Rs.1 Million Monthly winners will be selected every month, 22K gold sovereign weekly winners will be selected 48 times, while in 10,000 daily cash prize winners will be selected 334 times until 31st December 2022. All customers who remit foreign remittances to People’s Bank accounts, to other bank accounts through People’s Bank and remittances collected over the counter at People’s Bank branches including WU, Ria or similar channels during the period from 1st February to 31st December 2022 are eligible for the draw. Customers can also increase their chances of winning by remitting more money. Mr.Rohan Pathirage - Senior Deputy General Manager (Overseas Customer Services), Mr. Lionel Galagedara - Deputy General Manager (Recoveries), Mr. Azzam A Ahamat – Head of Finance, Ms.Aruni Liyanagunawardana – Assistant General Manager (OCS), Mr. Mohamed Ruwaiz - Chief Manager (Audit), Ms.Renuka Arunasalam - Chief Manager (Overseas Customer Services) and Ms.Thilini Perera - Senior Manager (OCS) Mr.Vipula Warnakula - Senior Manager (IT) participated in the event.

People's Bank and CA Sri Lanka join hands to launch a Mentoring Program for SME Exporters

People's Bank has partnered with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to provide a timely boost for Small and Medium-sized Enterprise (SME) customers of the bank through a mentoring programme.
The inauguration ceremony of this program was held recently at the People’s Bank Staff Training College. The occasion was graced by the presence of People’s Bank Chairman Sujeewa Rajapakse, CA Sri Lanka immediate Past President Manil Jayasinghe, CA Sri Lanka SME task Force Chairman Lakshman Abeysekara , CA Sri Lanka Council Member Saman Sri Lal, CA Sri Lanka SME Task Force Executive Committee Member Harsha Gunasena, Women’s Chamber of Industry & Commerce Sri Lanka President/ CA Sri Lanka Council Member Anoji De Silva, The National Chamber of Commerce Sri Lanka President Nandika Buddhipala, CA Sri Lanka Asia Pacific Institute of Money and Entrepreneurship Chaaminda Kumarasiri, People’s Bank DGM (Enterprise Banking) Krishani Narangoda, AGM (SME) Wickrama Narayana, AGM (Off Shore Unit & Corporate Banking-1) D.M.D. Dasanayake, AGM (Commercial Credit) P.M Ariyawanse, AGM (Commercial Banking) Thushari Hewawasam, AGM (Corporate Banking (Relationship II) Nalin Perera, Regional Manager (Colombo North) S.L.M.A.S Samarathunga and Senior Manager (Project Finance and Rehabilitation) Chamari Perera.
The SME Task Force of CA Sri Lanka invited People’s Bank to join hands to promote SMEs in Sri Lanka through a mentoring programme for selected customers of the bank. Through this partnership CA Sri Lanka aims to help People’s Bank customers on a one-to-one basis by appointing Mentors on financial and other business related issues free-of-charge for a maximum period of one year. Accordingly, People’s Bank has selected export or ICT customers from its large base of SME customers spread across the country.
CA Sri Lanka has appointed Mentors for each customer and the People’s Bank Mentor coordinates with the customers (Mentees) and with CA Sri Lanka Mentors. The program commences after signing a formal tripartite MOU between CA Sri Lanka, the respective Mentee and CA Sri Lanka Mentor. Initially, the Mentees will be provided consultation virtually and subsequently they will be visited twice a month by CA Sri Lanka Mentors for closer cooperation and monitoring. The Bank’s Mentors are responsible for directing and guiding the respective Mentees continuously so that they are able to obtain the maximum benefit from the mentoring programme during the one year period. The Mentees will be provided relevant information in the form of reading material and booklets in Sinhala and English by CA Sri Lanka, which provides knowledge on financial and other areas of their business operations.
During the Mentoring Programme the Mentees as well as their company accountants will be provided consultations. CA Sri Lanka Mentors are supervised and evaluated by CA Sri Lanka continuously in order to ensure that the partnership benefits the Mentees and the required goals are achieved. If a Mentee requires the service from the CA Sri Lanka Mentor beyond the initial one year period, it can be continued based on a new agreement which will be made on new terms and conditions.
CA Sri Lanka is the National Professional Accountancy Organisation and known as the preferred destination for accountancy education in the country with 7,000 Associate and Fellow Members based both locally and globally. The portfolio of CA Sri Lanka members comprise of top management individuals who serve in leading corporate in Sri Lanka and abroad. The institute also has over 30,000 Student Members who are aspiring Professional Accountants.

People's Bank Rewards March Millionaire of “Vaasi Kotiyai” Remittance bonanza in Saudi Arabia

People's Bank's ‘People's Remittance Vaasi Kotiyai, Bonanza’ selected its second millionaire winner recently. W.A.I Sameera Gerard Perera, was picked as the March Winner and received his Rs.1 million prize from Sri Lanka’s Ambassador to Saudi Arabia - P.M Amza in Riyadh, Saudi Arabia recently.
People's Bank launched "People’s Remittance Vaasi Kotiyai" Draw from 1st February 2022 to encourage and appreciate Sri Lankan migrant workers who work tirelessly to strengthen the country's economy and build a better life for themselves and their families. Under this promotion, the Grand Draw winner who will be selected at the yearend will be presented with a Grand Prize of Rs.10 million. Additionally, Rs.1 Million Monthly winners will be selected every month, 22K gold sovereign weekly winners will be selected 48 times, while 10,000 daily cash prize winners will be selected 334 times until 31st December 2022.
All customers who remit foreign remittances to People’s Bank accounts, to other bank accounts through People’s Bank and remittances collected over the counter at People’s Bank branches including remittances sent via WU, Ria or similar channels during the period from 1st February to 31st December 2022 are eligible for the draw. Customers can also increase their chances of winning by remitting more money to their loved ones through People’s Bank. .

People's Bank Rewards March Millionaire of “Vaasi Kotiyai” Remittance bonanza in Saudi Arabia

People's Bank's ‘People's Remittance Vaasi Kotiyai, Bonanza’ selected its second millionaire winner recently. W.A.I Sameera Gerard Perera, was picked as the March Winner and received his Rs.1 million prize from Sri Lanka’s Ambassador to Saudi Arabia - P.M Amza in Riyadh, Saudi Arabia recently.
People's Bank launched "People’s Remittance Vaasi Kotiyai" Draw from 1st February 2022 to encourage and appreciate Sri Lankan migrant workers who work tirelessly to strengthen the country's economy and build a better life for themselves and their families. Under this promotion, the Grand Draw winner who will be selected at the yearend will be presented with a Grand Prize of Rs.10 million. Additionally, Rs.1 Million Monthly winners will be selected every month, 22K gold sovereign weekly winners will be selected 48 times, while 10,000 daily cash prize winners will be selected 334 times until 31st December 2022.
All customers who remit foreign remittances to People’s Bank accounts, to other bank accounts through People’s Bank and remittances collected over the counter at People’s Bank branches including remittances sent via WU, Ria or similar channels during the period from 1st February to 31st December 2022 are eligible for the draw. Customers can also increase their chances of winning by remitting more money to their loved ones through People’s Bank. .

People's Bank yet again ranked amongst the prestigious World’s Top 1000 Banks

People’s Bank, Sri Lanka’s leading Commercial Bank, was recently ranked once again amongst the World’s Top 1000 Banks by the prestigious Banker Magazine UK. The ranking cements People’s Bank’s position as one of the leading Banks on the planet. Founded in 1926 and read in over 180 countries, the Banker Magazine is a publication owned by the Financial Times in London. Its Top 1000 ranking is primarily based on Consolidated Tier I
Expressing his views on the ranking, People’s Bank’s Chairman Mr. Sujeewa Rajapakse stated that, “These are extraordinary times facing the country with headwinds many fronts including the knock on effects following two years of the COVID-19 pandemic. Amidst such a challenging environment, People’s Bank being recognized amongst the World’s Top 1000 Banks yet again is an extraordinary feat. It underscores its consistent and robust delivery even amidst adversity and attests to its standing not only locally but also globally. Looking ahead, despite the many challenges, People’s Bank remains focused on taking every reasonable measure necessary to support the Government in their efforts and to help the country’s internal eco system move forward”
Commenting on the ranking, People’s Bank’s Chief Executive Officer/General Manager Mr. Ranjith Kodituwakku stated that: “The challenges facing Sri Lanka and the Banking system are clearly unlike any seen before. That said, against such a backdrop, to be ranked once again amongst the World’s Top 1000 is testimony to People’s Bank’s inherent strength and its resilience even amidst out of the ordinary circumstances. Looking ahead, we have allocated greater resources to support Small and Medium Scale Enterprises and certain other economy critical market segments. On an operational front, we continue to invest in technology in all our core areas of our business and remain committed to continuously strengthening every aspect of the Bank’s platform”
The Banker Magazine’s World’s Top 1000 Banks are compiled annually from a database of over 5,000 of the world’s biggest banks and the ranking is considered to be one of the most comprehensive guides to identify the strongest banks in the world. The magazine analyses results by region, country and benchmark bank-to-bank while also using its best-performing bank methodology to help readers identify the banks’ strengths and weaknesses compared to its peers.
People’s Bank currently has close to LKR 3.0 trillion in total assets, LKR 2.3 trillion in total deposits and LKR 1.8 trillion in customer advances.
At March 31, 2022, the Bank’s Tier I and Total Capital Adequacy Ratio were, respectively, 11.04% and 15.72% which was the highest amongst peers(end 2021: 12.6% and 17.83%).
People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking footprint composed of 743 branches and service centers. With a history spanning 61 years, the Bank benefits from a staff strength of close to 8,000 who tirelessly and diligently serve more than 14.5 million customers and close to 19.0 million account relationships, which is by far the largest for any financial services provider in the country. Established under the People’s Bank Act No. 29 of 1961, the Bank carries a National Long-Term Rating of “AA-(lka/Rating Watch Negative)”; by Fitch Ratings Lanka Ltd.

People's Bank celebrates its 61st Anniversary

People’s Bank, a pioneer in the Sri Lankan Banking and Financial Services sector, celebrates its 61st anniversary on 01st July.
Instrumental in introducing the concept of banking to the general public in Sri Lanka, People’s Bank has continued with that responsibility further by providing digital banking services even to the most rural areas in the country, thereby enabling the entire nation to enjoy the benefits of cutting edge technology. Furthermore the Bank has played a pivotal role in driving the national socio-economic development since inception, thus earning the reputation as the pride of the nation.
People's Bank was established under Act No. 29 of 1961 with the aim of uplifting the co-operative business and rural banking systems. This Act was submitted to Parliament by then Minister of Trade, Food, Co-operatives and Shipping,T. B. Ilangaratne, under the leadership of then Prime Minister Sirimavo Bandaranaike. Vincent Subasinghe who was a pioneer in providing banking services to the co-operative sector was the first Chairman of People's Bank.
In an era when banking services were limited to English speaking upper echelons of the society, it was the People's Bank that changed that phenomenon by commencing to conduct its operations in Sinhala and Tamil.
Right from the inception, the bank started working towards its mission to serve the masses. Accordingly, People’s Bank has introduced many firsts to the country such as agriculture loans, Pawning, SME loans, Women’s Savings Accounts and Children’s Savings Accounts to name few. Most of these product concepts were so widely embraced by the society that almost all the local commercial banks are now offering them under various brand names.
Currently, People's Bank is one of Sri Lanka’s largest financial institutions, boasting over Rs. 3 trillion in assets. Its network of 743 branches/service centers is the country’s largest. The bank also possesses a network of over 268 Self Banking Units operating 24/7 all 365 days of the year. This enormous network operating with over 8000 staff members, has enabled the people to get their banking done safely, securely and with ease of accessibility.
While the bank initially focused on rural sectors and cooperative movements, since then People’s Bank has evolved to cater to a wide range of customer segments including Retail, High Net Worth, Micro & SME and Corporate.
As a responsible state bank, People's Bank has not only provided financial services to its customers but has also made significant contributions to the socio-economic progress of the country. During the past 61 years the bank has provided financial assistance in the areas of exports, education, health, expressways, roads, tourism and infrastructure. In addition, People's Bank works successfully with over 900 banks worldwide to facilitate import and export trades by issuing Letters of Credit to private and State-owned enterprises. This function is invaluable to sustain normal lives of general public as it enables importation of essential items such as fuel, medicine, food and gas.
Adapting to the modern world, the People’s Bank launched a digital banking project in 2015, to ensure that their customers could transact easily, safely and efficiently. People's Bank was the first bank in the island that took steps to undertake a comprehensive digital transformation project covering major part of its operations. As a result, People's Bank now provides a world class digital banking experience to all its customers.
For example, People’s Bank has enabled customers to open an account paperless in as short a time as 10 minutes and obtain a personal loan within 24 hours. As another key component of the digitalization journey, People's Bank introduced People's Wave mobile banking app for customers to transact any time of the day using their smartphone without having to go to a bank branch and this has become the most downloaded app in Sri Lanka. In addition, a mobile app was specially introduced to institutional customers called People's Wyn. Online banking facilities targeting both retail and corporate customers were introduced in 2018.
Furthermore, People's Bank has introduced the People's Pay mobile app to support and promote digital payments within the nation.
The excellence of People's Bank has consistently earned recognition both locally and internationally. SLIM Nielsen People's Awards, National Business Excellence Awards and LankaPay Technnovation Awards are but some of the local accolades received by the bank. Internationally, People's Bank has been the recipient of awards such as Asian Banker Excellence in Retail Financial Services Award, Asia Money Best Bank Awards, SAFA Awards, The Asian Digital Finance Forum and Awards.
Additionally, The Banker Magazine named People’s Bank as one of the Top 1000 Banks in 2018, 2019, 2020 and 2021. Multiple business magazines such as World Finance, International Business Magazine, Global Business Review Magazine, Global Banking and Financial Review Magazine of UK also have awarded the bank on several occasions.
ICCSL, CIMA, and Daily FT newspaper included People's Bank as one of the 10 best institutions in 2018, 2019,2020 and 2021 consecutively. People's Bank is also the only State bank which was awarded the ISO/IEC 27001- 2013.

People’s Bank resilient amidst extra-ordinary distress

People’s Bank today announced the results for the quarter ended March 31, 2022 with consolidated total operating income growing by 51.9% to reach LKR 42.6 billion, whilst total operating expenses increased by only 0.3% to LKR 13.1 billion despite inflationary pressures; reflecting sound cost control and efficiency improvements being undertaken on an ongoing basis. Consolidated pre-tax profit amounted to LKR 11.0 billion; representing a growth of 9.8% over the same period of 2021.
Net interest income, which accounted for 71.4% of the Group’s total operating income during Q1-22, grew by 29.2% to reach LKR 30.4 billion reflecting both asset growth and net interest margin improvements to 4.1% from 3.6% in Q1-21. Excluding the LKR 3.4 billion in foreign exchange net gains recognized during the period as a result of the rupee devaluation, non-interest-based income accounted for over 20.0% of total consolidated operating income during Q1-22 as compared with 13.0% in Q1-21; reflecting efforts to also improve other sources of income. From a cost to income perspective, primarily reflecting top line growth and cost control, the Group’s cost to income ratio was 38.2% during Q1-22 as compared with 54.9% during the same period of 2021.
Consolidated impairment charges rose during the period reflecting macro-economic developments, including - amongst other - the negative impact arising from the rupee devaluation and the higher expected credit losses from key customer segments of the Group. Consolidated profit after tax was LKR 7.4 billion, dropping by 12.9% over the same period 2021 whilst, on a Bank standalone basis, profit after tax was LKR 5.5 billion up 1.1% over Q1-21. Consolidated return on assets was 1.48% during the period as compared with 1.42% during Q1-21.
Consolidated deposits grew by 6.2% to reach LKR 2.3 trillion with CASA maintained at close to 40.0% levels. Consolidated net loans reached LKR 2.0 trillion. Stage 3 loans as a function of total gross loans increased during the period both on a Bank standalone and consolidated basis reflecting stressed macro-economic circumstances. Consolidated assets reached LKR 3.1 trillion; expanding by 10.6% with the rupee devaluation adjusted growth being close to 5.0%.
Tier I and Total Capital Adequacy was 12.0% and 16.1%, respectively at end March 31, 2022 as compared with 13.4% and 17.9% at end 2021. On a Bank standalone basis, these were 11.0% and 15.7%, respectively (end 2021: 12.6% and 17.8%); either of which without any reliefs or other exceptional adjustments being considered.
Commenting on the results, the Chairman of People’s Bank, Mr. Sujeewa Rajapakse, stated that: “Times are extraordinary with the macro stresses clearly unprecedented. The Bank’s results however provide insight into its financial strength and capacity to navigate through these challenging circumstances. Needless to say, like for most other, the lack of foreign currency reserves in the country - is the Institution’s key source of distress. As a Domestically Systematically Important Bank with a broader national role - the Institution played a leading role post COVID 19 to support the Government and the country’s internal eco system function without any interruption by supporting, amongst many other, bulk of the country’s essential imports such as petroleum, pharmaceutical, coal and fertilizer. To ease pressure from the Bank’s standpoint, several measures are currently being explored in coordination and support of its key stakeholders”
The Chief Executive Officer/ General Manager of People’s Bank, Mr. Ranjith Kodituwakku, stated that: “The challenges are clearly unlike any seen in the past, which are likely to persists over the short term - at least. From both a business and operational standpoint, we have intensified our focus on few key areas. On a business front, considering the volatile interest rate environment and the inevitable pressure on net interest margins as now seen, we have increased our focus on non-interest-based income sources and, considering the country’s foreign currency shortfall, we are in the process of expanding our foreign inward remittances platform and footprint. In addition, as a crucial element to the country’s economic revival - we have allocated greater resources to support Small and Medium Scale Enterprises and certain other economy critical market segments. On an operational front, as part of our cost efficiency improvement initiatives - we are further investing in technology in all our core areas and, needless to say, to further strengthen the Bank’s platform in these challenging times, we are continuously enhancing our internal processes and overall risk management framework. Fully conscious of the challenges ahead, we remain fully committed to serving our customers and preserving the interest of all our stakeholders"
People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking footprint comprised of 743 branches and service centers island-wide. With a history spanning 60 years, the Bank benefits from a staff strength of close to 8,000 who tirelessly and diligently serve more than 14.0 million customers and close to 19.0 million account relationships, which is by far the largest customer base of any financial services provider in the country. Established under the People’s Bank Act No. 29 of 1961, the Bank carries a National Long-Term Rating of “AA- (lka/ rating watch negative)”; by Fitch Ratings Lanka Ltd.

People's Bank Buddhist Society donates dry rations to needy families

To commemorate the Vesak poya in a meaningful and impactful manner, the People's Bank Buddhist Society recently distributed dry rations among 50 low income families in Colombo North and South Regions at the 3rd floor of the People's Bank head office. Chairman of the People's Bank Sujeewa Rajapakse, CEO/General Manager Ranjith Kodituwakku, Senior Deputy General Manager (Payment,Digital,Process Management & Quality Assurance) K. B. Rajapakse, Deputy General Manager (Human Resources) Mr. K. A. Nihal along with members of the Executive Management and members of the Buddhist Society graced the occasion.

People’s Bank offers main sponsorship for Kandy Esela Perahera

People’s Bank has yet again come forward as the main sponsor for the historical Kandy Esala Perahera.
The sponsorship cheque of the People’s bank was handed over to Pradeep Nilanga Dela, Diyawadane Nilame of Sri Dalada Maligawa by D.M. Kapila Dissnayaka - Kandy Regional Manager of People’s Bank. Kandy Branch Senior Manager Janaka Jayasinghe and Business Promotion Officer Thusitha Wathulanda were present at the occasion.
Pradeep Nilanga Dela, Diyawadane Nilame of Sri Dalada Maligawa expressed his appreciation to People’s Bank for offering this sponsorship towards the iconic cultural pageant culminating perennial customs and traditional dances.

People’s Bank organized a series of meritorious deeds in Anuradhapura for Poson Poya

People’s Bank organized a series of meritorious deeds in Anuradhapura. As a part of this program, People's Bank conducted an Alms Giving (Heel Dāna) to over twenty thousand devotees who observed sil in front of the Jaya Sri Maha Bodhi and the Ruwanweli Maha Seya.
The Buddhist Society of the People's Bank Regional Office in Anuradhapura has been organizing this meritorious deed consecutively for over four decades, with contributions from People's Bank and its entire staff.
Furthermore, the staff of People's Bank staged a glorious performance of the ‘Poson Bodhu Gee Saraniya’ for the 15th time, in front of the Ruwanweli Maha Seya on the Poson pya day evening. The music was directed by the veteran musician Karunarathna Wijewardhana. For this event
Under the patronage of Atamasthanadhipathi Ven. Dr. Pallegama Siriniwasa Thero and Viharadhikari of Ruwanweli Maha Seya Ven. Pallegama Hemarathana Thero, Chairman of People's Bank Sujeewa Rajapakse, CEO/General Manager Ranjith Kodituwakku, Deputy General Manager (Channel Management) Mahinda Premanath, Head of Marketing Nalaka Wijayawardana, Anuradhapura Regional Manageress Indumini Rathnayake, other Regional Managers and Manageresses, Asst. Regional Managers and Manageresses, Branch Managers, Govt. Officers, Officers of the Buddhist Society of People's Bank and many of the staff of People's Bank, were present at these occasions.

People's Bank joins hands with the ETF to award scholarships to members’ children

For the 11th consecutive year, People's Bank joined hands with the Employees' Trust Fund (ETF) to reward 9,000 children of ETF members who had excelled in the Grade 5 scholarship examination. Under Phase 1 of this initiative, ETF Chairman Sriyan de Silva Wijeyeratne presented the cheque for this purpose to His Excellency the Prime Minister Mahinda Rajapaksa and People's Bank Chairman Sujeewa Rajapakse at an official event held at Temple Trees recently. Foreign Minister G.L Peiris, ETF General Manager D.P.G. Fernando, People's Bank Chief Executive Officer/General Manager Ranjith Kodituwakku and Deputy General Manager (Retail Banking, Process Management and Quality Assurance) Renuka Jayasinghe, together with ETF Deputy General Manager (Social Services) W.G.K. Ratnayake, Assistant General Manager H.G.D.N. Prasanna, Scholarships Officer W.L.D. Krishanthi, and S.A.D.R.T. Dissanayake of the Scholarships Division took part in the event.

People's Bank’s Embuldeniya Service Centre moves to an enhanced new location

People's Bank Embuldeniya Service Centre was ceremoniously declared opened at a new and enhanced location by People’s Bank Chairman Sujeewa Rajapakse and Chief Executive Officer/ General Manager Ranjith Kodituwakku recently. While the Service Centre provides customers in the Embuldeniya area with the latest digital banking and savings solutions it also enables them to conduct most of their transactions 24 hours a day, 7 days a week by using the Self Banking Unit available at the Service Center. People's Bank possesses the country's largest branch network of 741 outlets. Premalal Athukorala – Vice Chairman of the Sri Jayawardenepura Kotte Municipal Council, K.B.Rajapakse - Senior Deputy General Manager (Payment and Digital) of People’s Bank, Mahinda Premanath - Deputy General Manager (Channel Management), Lalith Vithana - Deputy General Manager (Banking Support Services), Lal Peiris – Colombo Outer Regional Manager, Assistant Regional Managers, Senani Rajapakse – Nugegoda Main Branch Senior Manager, S.B.K Gayathri - Embuldeniya Service Centre Manager and other bank officials as well as customers took part in the event.

People’s Bank unveils a Self-Banking Unit in Rattota

People’s Bank opened 279th Self-Banking Unit (CDM/ ATM) at Rattota Branch premises recently.
The Self-Banking Unit comprises of An Automated Teller Machine (ATM) and Cash Deposit Machine (CDM). With the installment of the new unit, People’s Bank customers in the area can enjoy a convenient and efficient banking experience 24 hours a day, 7 days a week and 365 days a year.
Rattota Divisional Secretary F.R.M Riyaldeen, People’s Bank Matale Regional Manageress Lalani Adikari, Assistant Regional Manageress Nirodha Rambodagedara and K.L Manikarachchi, Rattota Branch Manager Dhammika Jayawardane, the bank staff and customers graced the occasion.

People's Bank opens a banking counter at Passport Office to add further convenience to migrant workers

People's Bank has stepped forward to support the Department of Immigration and Emigration by establishing a new banking counter at ‘Suhurupaya’, Battaramulla recently. This initiative was taken with the aim of supporting the Central Bank of Sri Lanka’s ongoing efforts to boost the country’s foreign reserves by offering migrant workers access to safe, official remittance channels from the time they obtain new passports or renew their passports in order to leave for jobs abroad. Chief Guest of the opening ceremony Ajith Nivard Cabraal - Governor of the Central Bank of Sri Lanka commented, “A lot of Sri Lankans go overseas for jobs and send their hard-earned money to Sri Lanka. Sometimes they face issues when remitting money. So we thought we should provide the opportunity for them to open an account as they obtain their passports at the passport office which they can operate with greater ease and trust when sending money to their families from abroad. The Controller of Immigration and Emigration, his staff, the officials at the Central Bank and at other relevant banks worked in unison to establish their counters here just within a week. This shows that government institutions can collaborate with the private sector and quickly accomplish any task for the benefit of the country and its people. Our hard-working migrant workforce will enjoy the convenience and reliability of this service. As a result of it, more foreign money will flow into the country and the nation will reap benefits from it.” Remittances from Sri Lankan foreign workers have been a vital component of Sri Lanka’s foreign currency earnings, boosting the economy as well as the country’s ability to withstand external sector resilience. Statistics reveal that Sri Lankan foreign workers’ remittances have covered around 80% of the annual trade deficit over the past two decades. Strengthening foreign remittance inflows to the country brings significant socio-economic benefits including the steady supply of forex inflows to the formal banking system, which in turn helps in the smooth functioning of the country’s Banking Industry. Given the importance of foreign remittances to the country, in early November, the Central Bank of Sri Lanka established a new department named ‘Foreign Remittances Facilitation Department’ to facilitate and streamline workers’ remittances inflows to the country. People’s Bank Colombo Outer Regional Manager Lal Peiris, Battaramulla Branch Manager Lasantha Ranathunga, bank staff members and customers participated in the occasion.

People's Bank donates another Portable Ultra Sound Scanner to the Jaffna Teaching Hospital in commemoration of its 60th anniversary

As part of the series of CSR initiatives organized to mark People's Bank’s 60th Anniversary, a Portable Ultra Sound Scanner worth over Rs.7 million was donated to the Jaffna Teaching Hospital recently. This state of the art equipment which can be deployed to treat COVID-19 patients was funded by the People's Bank Staff Members by donating a part of their salaries. Ranjith Kodituwakku - Chief Executive Officer/ General Manager, People’s Bank, Dr.T. Sathiyamoorthy - Director of the Jaffna Teaching Hospital, Dr. S.Sribavanatharaja and Dr. C.Jamunanantha – Deputy Directors, Nalaka Wijayawardana – Head of Marketing, People’s Bank, K.Kodeeswaran – Jaffna Regional Manager, M. Mathiyalagm -Assistant Regional Manager and P.Partheepan - Jaffna Branch Manager, Bank Staff and Hospital Staff were present at the event. Once the COVID-19 pandemic settles, the hospital expects to use this scanner for the benefit of other patients as well. Similar equipment were earlier donated to National Hospitals in Colombo and Kandy, coutesey of the People's Bank staff.

People’s Bank’s quick digital loan processing facility expanded to 200 branches

People’s Bank, the pioneer in Sri Lanka’s digital banking sphere, reached yet another milestone when launched its 200th People's Wiz credit facility enabled branch in Athurugiriya on 27th December 2021. “People’s Wiz” Retail Loan Originating System (RLOS) is one of the Bank’s key innovative digital banking projects which enables bank to disburse personal loans within 24 hours with minimal documentation. Prior its implementation, loan Personal Loan granting process was a 15-step procedure which used to take as long as a month. People's Bank has always focused on offering a high quality customer experience using digital banking technology keeping in line with modern banking practices. Also, the Bank’s digitization projects were executed ensuring the maximum security and convenience for customer transactions. People’s Bank Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, Senior Deputy General Manager (Payment and Digital) K.B.Rajapakse, Deputy General Manager (Channel Management) Mahinda Premanath, Head of Marketing Nalaka Wijayawardana, Chief Digital Officer Mangala Kariyawasam, Colombo Outer Regional Manager Lal Peiris, Chief Manager Nalika Liyanage, Asst. Regional Managers N. Arohana, Sudarma Subashini, M.Suriyapperuma and Branch Manager A.G Manori along with a Bank Staff, and customers also participated at the event.

People's Bank becomes the first bank to be an issuer and an acquirer of LankaPay National Card Scheme

People's Bank Joined LankaPay National Card Scheme becoming the first bank to be both an Acquirer and an Issuer of same. The agreement to this partnership was exchanged between People's Bank CEO/GM Ranjith Kodituwakku and LankaClearGM/ CEO Channa De Silvaat People’s Bank Head Office,recently. People's Bank Senior Deputy General Manager (Payment and Digital)K.B.RajapakseandHead of Cards Jayanath Dias;LankaClearDGM – FinanceRasika Galappaththy and Manager - Business Development Sashika Kaushalya; and Consultant to JCB International(for Sri Lanka) Lakshman Liyanage,were also present at the occasion of signing of the agreement. LankaPay National Card Scheme is the domestic card scheme of Sri Lanka adhering to international standards, introduced under the guidance and approval of the Central Bank in partnership with JCB international - one of the six leading International Card Schemes headquartered in Japan. People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking foot print comprised of 741 branches and service centers island wide.The Bank also possesses country’s largest customer base of more than 14.0 million. Established under the People’s Bank Act No. 29 of 1961, the Bank carries a National Long-Term Rating of “AA - (lka/ Stable)”; by Fitch Ratings Lanka Ltd.

People’s bank promotes LankaQR facility in Negombo

The Central Bank of Sri Lanka launched another Lanka QR promotional program in Negombo area under the patronage of CBSL Governor Mr. Ajith Nivard Cabraal recently and People’s Bank also participated in this program. Leading to the event, People’s Bank Gampaha Region conducted several special Lanka QR promotional activities throughout the month of December covering major cities in the Negombo area such as Kochchikade, Seeduwa, Ja-Ela, Maradagahamula, Pamunugama, Minuwangoda and Katunayake. This approach enabled People’s Bank to fully engage the local business community and other customers in QR facilities covering all cities of the area by the time the final event was held. The Central Bank of Sri Lanka introduced the Lanka QR, the unique payment system to revolutionize the payment culture in the country by introducing a fast, secure and low cost digital payment system Island wide. Mr. D. Kumaratunga - Deputy Governor of the Central Bank of Sri Lanka, Mr. Lalith Vithana -Deputy General Manager (Banking Support Services) of People’s Bank, Mr.Mangala Kariyawasam - Chief Digital Officer, Mr.Nalin Pathirage- Gampaha Regional Manager, Assistant Regional Managers, Branch Managers, Business Promotion Officers of the Gampaha Region and the staff of the People’s Bank Branches participated in this event.

People's Bank Vaasi Kotiyai rewards foreign remittance draw winners

31th March 2022, Colombo: People's Bank picked the third batch of winners of the People's Remittance ‘Vaasi Kotiyai, Ewannai Dinannai Draw 2022’ where the Daily and Weekly Winners for the first two weeks of March were selected. This event was held at the People's Bank, Overseas Customer Services premises at Colombo 10 recently. Accordingly, prizes of Rs. 10,000 each will be presented to 14 Daily Winners while the 2 Weekly Winners will be awarded 22- Karat gold sovereigns. People's Bank launched ‘People’s Remittance Vaasi kotiyayi’ Draw from 1st February 2022 to encourage and appreciate efforts Sri Lankan migrant workers who work tirelessly to strengthen the country's economy and build a better life for themselves and their families. Under this promotion, the Grand Draw winner who will be selected at the yearend will be presented with a Grand Prize of Rs.10 million. Additionally, Rs.1 Million Monthly winners will be selected every month, 22K gold sovereign weekly winners will be selected 48 times, while in 10,000 daily cash prize winners will be selected 334 times until 31st December 2022. All customers who remit foreign remittances to People’s Bank accounts, to other bank accounts through People’s Bank and remittances collected over the counter at People’s Bank branches including WU, Ria or similar channels during the period from 1st February to 31st December 2022 are eligible for the draw. Customers can also increase their chances of winning by remitting more money. Mr.Rohan Pathirage - Senior Deputy General Manager (Overseas Customer Services), Mr. Lionel Galagedara - Deputy General Manager (Recoveries), Mr. Azzam A Ahamat – Head of Finance, Ms.Aruni Liyanagunawardana – Assistant General Manager (OCS), Mr. Mohamed Ruwaiz - Chief Manager (Audit), Ms.Renuka Arunasalam - Chief Manager (Overseas Customer Services) and Ms.Thilini Perera - Senior Manager (OCS) Mr.Vipula Warnakula - Senior Manager (IT) participated in the event.

People's Bank launches Affinity Credit Card to celebrate Mahamaya Girls’ College 90th Anniversary

5th April 2022, Colombo: People's Bank launched an Affinity Credit Card for the past pupils of Mahamaya Girls' College in celebration of the 90th Anniversary of the college. The credit card was formally introduced to the audience at the Annual General Meeting of the Past Pupils' Association of Mahamaya Girls' College held recently. The event was graced by the presence of Ms. S. Senadheera - Principal of Mahamaya Girls' College, together with People's Bank representatives Mr. Jayanath Dias – Head of Cards, Mr. Kapila Dissanayake - Kandy Regional Manager, Ms. Shameera Kumarapeli - Assistant Regional Manager, Mr. Janaka Jayasinghe - Kandy Senior Manager, and Mr. Aruna Danthanarayana – Marketing Manager Card Centre. Former student of Mahamaya Girls' College and Manager of People's Bank Delthota Branch Nilanthi Ediriweera coordinated the introduction of this Affinity Card. At the event, past pupils of Mahamaya Girls' College employed at People's Bank together with the Business Development team of the Kandy Branch carried out a credit card programme for the audience.

People's Bank strikes Gold at Technnovation Awards 2022

4th April 2022, Colombo: People’s Bank further illustrated its dominance in Sri Lanka’s digital banking sphere by winning two awards at the fourth edition of the LankaPay Technnovation Awards, Sri Lanka’s pioneering and the only payment technology innovation awards, held at the Shangri-La Colombo recently. People’s Bank mobile payment app People's Pay won the Gold award for ‘Best Mobile Application for Retail Payments via LankaQR (Banks and Non-Bank Financial Institutions)’ while the People's Wave bagged the Merit award for ‘Most Popular Digital Payment Product (Banks and Non-Bank Financial Institutions - Internet Banking)’. People's Bank was also bestowed with a special appreciation for its unwavering support towards the LankaPay National Payment Card. People's Bank was represented at the event by Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, and Chief Digital Officer Mangala Kariyawasam. Sharing his thoughts, People’s Bank Chairman Sujeewa Rajapakse observed, “Even before the arrival of the COVID-19 pandemic, People’s Bank had set the benchmark in Sri Lanka for revolutionizing the use of digital tools and technologies in the Banking industry. The pandemic has certainly created challenges of unseen proportions and as the pride of the nation, it is the duty of People’s Bank to lead from the front when it comes to forging a path towards recovery by leveraging the power of digital technology. The Bank has already made significant progress in this regard as these accolades clearly demonstrate and we will always remain laser-focused on doing what is best for the nation and the people.” Commenting on the award wins, People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku stated, “We embarked on our journey to revolutionize Sri Lanka’s Banking industry in the year 2015 by taking a pioneering role in digitalization and customer engagement. Since then, People’s Bank has been consistently delivering a number of diversified, world-class digital banking solutions that have been readily embraced by our growing urban and rural customer base, primarily because they provided enhanced convenience, speed, efficiency and security. These latest accolades further reinforce our position as the country’s leader in digital banking. We are proud to have won these awards but we will not rest on our laurels. We continue to push the envelope when it comes to developing digital solutions of international standards and support the nation’s evolution into a digital society.”

People’s Bank Gandara Branch Moves to New Premises

People's Bank Gandara Branch was ceremoniously declared opened by People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku at its new location recently.
Located at No.302C, Tangalle Road, Gandara, this branch will be offering cutting edge digital banking services to the people in the area. In addition, the Automated Teller Machine (ATM) established at the location will enable cash withdrawals 24 hours a day seven days a week. Furthermore, this branch is a model for the introduction of 5S to the Matara region.
The occasion was also attended by Mahinda Premanath, Deputy General Manager (Channel Management), T.M.W. Chandrakumara, Assistant General Manager (Channel Management), Ganga Senanayake, Assistant General Manager (Channel Management), I.K. Indika, Matara Regional Manager, Nilmini Gunawardena, Hambantota Regional Manager, Nilanthi Rubasinghe, Senior Legal Officer (Southern Region), Thushari Nammuniarachchi, Assistant Regional Manager, Nishani Pathirana, Senior Manager (Regional Loans Unit), Chief Inspector of Gandara Police Station Deshabandu Senaratne, Gandara Branch Manager Priyantha Ratnayaka along with the staff and customers of the branch.
People’s Bank is the premier financial services provider in the island with an island wide network of 743 branches and service centres, over 14 million customers and Rs. 3 Trillion in assets.