People’s Bank continues to demonstrate its resilience despite extraordinarily limiting circumstances
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 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 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.
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, 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 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.
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.