වත්මන් අනුපාත

ස්ථාවර තැන්පතු අනුපාතය - මාස 3යිව සරකට
ණය අනුපාතිකය - නිවාස

12.5% - 14.5% p.a

ණය අනුපාතිකය - පුද්ගලික ණය

12.5% - 14.5% p.a

උකස් අනුපාතිකය

* කොන්දේසිඅදාල වේ

People's Bank Vaasi Kotiyai rewards foreign remittance draw winners

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

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

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 Pay Mobile Payment App was developed to support the Central Bank of Sri Lanka's efforts to promote cashless transactions in the country. It was also specially designed to provide the People’s Bank’s growing customer base, especially young adults, with the opportunity to experience a world-class mobile banking solution that provides lifestyle features to enhance their user experience. The app is available in English, Sinhala and Tamil, which enables it to reach a wider audience especially in rural areas where Sinhala and Tamil language is preferred over English. People’s Pay enables self registration for LankaQR, which aims to encourage small businesses to transition to digital channels. The app facilitates fast, secure and low fee digital payments to any merchants, especially Small and Medium Enterprise (SMEs) while providing merchants more security and controls over payments.

People’s Wave is a revolutionary and the most downloaded finance app in Sri Lanka with over 1 million active users since its launch in 2018. Integrated to the Bank’s core system, the app allows customers to carry out a wide range of different banking transactions from the comfort of their homes or offices, without having to step into a branch. The app offers many useful features including balance inquiries of multiple accounts, loans and credit cards, payments, bill payments, transaction history, fund transfers to own or third-party People’s Bank or other bank accounts and set future-date transfers and standing orders. With over 70% of active People’s Wave users outside the Western Province, the app has made a significant contribution to the Bank’s mission of driving financial inclusivity.

LankaPay Technnovation Awards is organized by LankaClear, the operator of the country’s national payment network. It aims to recognize the best payment technology innovations in the country that have been instrumental in promoting digital payments, thereby enhancing customer convenience. Held under the theme ‘Honouring the Digital Superheroes’, LankaPay Technnovation Awards 2022 aimed to recognize the significant contributions made by Banks, NBFIs and FinTech companies to support the national economy and deliver payment technology innovations in the face of numerous challenges.

People's Bank Pettah Branch moves to a new location

People's Bank recently relocated its Pettah Branch to an enhanced new premise at No. 92A, Main Street, Colombo 11.

The relocated Branch provides latest digital banking services, while it’s the Self Banking Unit enables customers to conduct most of their transactions 24 hours a day, 7 days a week.

People’s Bank Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, Senior Deputy General Manager (Payment,Digital, Process Management & Quality Assurance) K.B.Rajapakse, Deputy General Manager (Channel Management) Mahinda Premanath, Deputy General Manager (Banking Support Services) Lalith Withana, Assistant General Manager (Channel Management) Rohini Madurawala, Assistant General Manager(Channel Management) T.M.W Chandrakumara, Head of Marketing Nalaka Wijayawardana, Colombo North Regional Manager S.L.M.A.S Samarathunga, Assistant Regional Managers Rajiv Karunanayake, Kaushalya Hettiarachchi, Senani Rajapakse together with Chief Inspector of Pettah Police Station Nalin De Silva, Chief Inspector of Jampata Street Police Station Sampath Perera, A.J.C Shiran Perera - Branch Manager and other bank officials as well as customers took part in the event.                                                                                     

People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking footprint comprised of 742 branches and service centers island-wide. With a history spanning over 60 years, the Bank benefits from a staff strength of close to 8,000 who tirelessly and diligently serve more than 14 million customers, which is by far the largest customer base 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/ Stable)”; by Fitch Ratings Lanka Ltd.

People’s Bank empowers female entrepreneurs at International Women’s Day programme in Urubokka

People's Bank's Urubokka Branch in the Matara Region celebrated International Women's Day by empowering women through a series of programmes held on 8th March 2022 at the Public Ground Urubokka. To mark the occasion People's Bank presented three female entrepreneurs from the Urubokka area with mobile sales units so that they can utilise the vehicles to enhance their business activities.

Additionally, an exhibition and trade fair featuring creations of female entrepreneurs took place at the venue. The event provided the female entrepreneurs with a platform to gain access to technical advice and related support from various organisations paving the way for them to take their products from rural to national level. Adding a new dimension to this year's International Women's Day activities, 50 females from the Urubokka and Pasgoda areas were presented with loans to develop their respective businesses.

Krishani Narangoda - Deputy General Manager(Enterprise Banking), I.K. Indika - Matara Regional Manager, both of People's Bank, W.M. Mahesh Kumara - Matara Regional Manager of the Central Bank of Sri Lanka, P.K Pathirana - Matara District Director of the Small Enterprise Division, Dinusha Lakmali - Pasgoda Divisional Secretary, S.K.G. Prasangika - Pasgoda Assistant Divisional Secretary, N.S.W. Pathirana and Thushari Nammuniarachci- Assistant Regional Managers of People's Bank, Devika Mihirani - Sub Inspector of the Urubokka Police Station, U.P.S.R. Wijewardena - Manager of People's Bank Urubokka Branch, several People's Bank staff members and a large number of female entrepreneurs were present at the occasion.

People's Bank’s Poojapitiya Branch moves to a new location

People's Bank Poojapitiya Branch was ceremoniously declared opened by People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku at its new location recently.

The relocated Branch provides customers in the Poojapitiya area with the latest digital banking services, while it’s the Self Banking Unit enables customers to conduct most of their transactions 24 hours a day, 7 days a week.

Mahinda Premanath - Deputy General Manager- Channel Management, Kapila Dissanayake  - Regional Manager– Kandy,  Thissa Tennakoon, Shameera Kumarapeli and Shanthi Sivananthawel - Assistant Regional Managers, all from People's Bank, together with  Anura Fernando -Chairman of the Poojapitiya Pradeshiya Sabha, Wathsala Marabage - Poojapitiya Divisional Secretary, R.G Rankothge - Chairman of the Poojapitiya Multi-Purpose Cooperative Society, Sajani Siriwardana - Branch Manager and other bank officials, Government officials as well as customers took part in the event.

The opening ceremony was carried out in accordance with the COVID-19 health guidelines due to the pandemic situation in the country.

People’s bank promotes LankaQR facility in Kurunegala

 

The Central Bank of Sri Lanka launched another Lanka QR promotional program in Kurunegala city and People’s Bank also participated in this program to raise awareness about the LankaQR payment system via People’s Pay app.

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.

The event was graced by The Deputy Governor of CBSL N.W.G.R.D Nanayakkara and Assistant Governor of CBSL D. Kumaratunge. Chief Digital Officer of People’s Bank - Mangala Kariyawasam, Kurunegala Regional Manager – D.M.D Dissanayake, Assistant Regional Managers – Ruwan Gnanathilake, Nishada Gunathilaka, Karuna Herath, Branch Managers, Business Promotion Officers of the Gampaha Region and the staff of the People’s Bank Branches participated in this event.

People’s Wave Mobile Banking app wins ‘Best Mobile Electronic Payment Initiative’ at ‘Asian Digital Finance and Awards’

People’s Wave Mobile Banking App by People’s Bank was recognized as the 'Best Mobile Electronic Payment Initiative' at the Asian Digital Finance Forum and Awards event held recently in Colombo.

Several leading dignitaries participated in the event organised by the Asian FinTech Academy (AFTA) including Dharmasri Kumaratunge - Assistant Governor of the Central Bank of Sri Lanka, Rajkumar Kanagasingam - President of the FinTech Association of Sri Lanka (FASL), and Takeshi Kito - Vice-chair, Fintech Association of Japan. People's Bank was represented by Chairman Sujeewa Rajapakse, Chief Executive Officer/General Manager Ranjith Kodituwakku, and Chief Digital Officer Mangala Kariyawasam.

People’s Wave is a revolutionary and the most downloaded finance app in Sri Lanka with over 1 million active users since its launch in 2018. Integrated to the Bank’s core system, the app allows customers to carry out over 50 different banking transactions from the comfort of their homes or offices, without having to step into a branch. The app offers many useful features including balance inquiries of multiple accounts, loans and credit cards, payments, bill payments, transaction history, fund transfers to own or third-party People’s Bank or other bank accounts and set future-date transfers and standing orders. With over 70% of active People’s Wave users outside the Western Province, the app has made a significant contribution to the Bank’s mission of driving financial inclusivity.

Back in 2015, the bank embarked on an industry-leading digital transformation journey by taking a pioneering role in digitalization and customer engagement. Since then, People’s Bank has been delivering a wide array of diversified, world-class digital banking solutions that have provided enhanced convenience, speed, efficiency and security to customers at every point in their interactions with the bank. Notably, People’s Bank has taken these digital financial services to even the more rural parts of the island, achieving unmatched levels of success in supporting the nation’s evolution into a digital society.

Asian FinTech Academy (AFTA) is affiliated with Colorado, USA based International Board of Standards (IBS), a certifying body which operates in over 40 nations worldwide. The IBS owns the certifications and trademarks conferred by the Global Academy of Finance and Management (GAFM).

"People's Remittance Vaasi Kotiyai" of People’s Bank picks the 1st monthly Millionaire

People's Bank picked the first millionaire in "People's Remittance Vaasi Kotiyai, Ewannai Dinannai" Draw where the monthly winner of February along with daily and weekly winners for the 3rd and 4th weeks of February were selected. This event was held at the People's Bank, Overseas Customer Services premises at Colombo 10 recently.

Accordingly, Rs.1 million cash prize will be awarded to the monthly winner while

2 Weekly Winners will be awarded 22-Karat gold sovereigns and prizes of Rs.10,000 each will be presented to 14 Daily Winners.

People's Bank launched "People’s Remittance Vaasi kotiyayi" 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 year end 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.Sujeewa Rajapakse - Chairman of People’s Bank,  Mr.Ranjith Kodituwakku - Chief Executive Officer/ General Manager, Mr.Rohan Pathirage - Senior Deputy General Manager (Overseas Customer Services), Mr.Mahinda Premanath - Deputy General Manager (Channel Management),  Mr.Lalith Vithana - Deputy General Manager (Banking Support Services), Mr.E.A.M Dissanayake - Assistant General Manager (Audit), Ms.Aruni Liyanagunawardana – Assistant General Manager (OCS), Mr.Nalaka Wijayawardana - Head of Marketing, 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 celebrates International Women's Day

A special ceremony was organized by People’s Bank on International Women's Day under the patronage of Sujeewa Rajapaksa – Chairman, People's Bank and Ranjith Kodituwakku – Chief Executive Officer /General Manager at People's Bank Head Office in Colombo 02, in adherence with all Government mandated safety guidelines.

The Chief Guests of the event were Achala Samaradiwakara – Co Founder, Managing Director of Good Market Global and Jayomi Lokuliyana – Co Founder, CEO of Zmessanger(Pvt) Ltd/ Digital X (Pvt) Ltd/ Chairperson, Mymed International(Pvt) Ltd. The event was also graced by the Yvette Fernando - Deputy Governor of the Central Bank, Darshika Kumari Ranasinghearachchi – Deputy Inspector General of Police, Director – Women’s and Children affairs Division, Jeewani Kariyawasam – CEO of People’s Insurance, Professionals and Entrepreneurs.

Further, in lieu of International Women’s Day, People’s Bank presented Smart Ladies deposit certificates and Vanitha Vasana Money Planner investment plans to selected customers.

As a special value addition, People's Bank has made arrangements to offer soecial discounts at leading merchant locations to those who open Vanitha Vasana Smart Ladies and Vanitha Vasana money planner invest plans.

Further, the Good Market Registration was presented to the Chairman of the People's Bank which reaffirms that the bank meets their globally accepted socially  responsible and ethical business practice guidelines.

In addition, People's Bank's Lanka QR Facility was presented to selected female Entrepreneurs as token of bank's commitment to empower female entrepreneurship through digital banking.

Attending this occasion were, Senior Deputy General Manager People’s Bank, (Payments and Digital), K.B Rajapakse, Senior Deputy  General Manager (OCS) Rohan Pathirage, Deputy General Manager (Retail Banking) Renuka Jayasinghe and members of People's Bank Corporate  and Executive Management. In addition, ceremonies were organized across Branches Island- wide to commemorate the International Women's Day.

People's Bank CEO/GM participates as a Panellist at regional Sustainable Finance discussion organised in France

People's Bank Chief Executive Officer/General Manager Ranjith Kodituwakku was invited to participate as a panellist at the recently-held “SUFIP 2022: Sustainable Finance in the Indo Pacific” event in France co-organized by Agence Française de Développement (AFD) and the EXIM Bank of India.

The event gathered the European and Indo-Pacific development banks on the sidelines of the European Indo-Pacific Ministerial Forum and comprised of opening/closing sessions as well as four panels based on broad thematic areas. Ranjith Kodituwakku was a panellist for the 4th panel “Financing Social Resilience in the Post-Pandemic Indo-Pacific: improving public health, nutrition and agriculture”. The other three Panels discussed key areas including “Sustainable Agenda in the Indo-Pacific: Connectivity and Quality Infrastructures”, “From Climate Agreement to Climate Action: Financing Decarbonisation, Resilience and Biodiversity” and “Accelerating the Energy Transition: Turning Commitment into Reality”.

The Indo-Pacific region will be the engine of global growth and recovery in the post-pandemic era although countries in the region are operating facing multiple challenges especially in the post pandemic economic revival. Both India and France share the view that a new, decentralised, robust, and inclusive economic perspectives needs to be built in the Indo-Pacific that prioritises the economic aspirations of its residents.

This event brought together the different stakeholders from public financial institutions and development banks, to chart out mechanisms for understanding and co-operation on sustainable modernization in the Indo-Pacific region. It presented several institutions with the opportunity to highlight their commitment towards key actions in priority areas including climate and energy transition, digital connectivity, health, biodiversity and the blue economy.

Sharing his thoughts on the event, People's Bank Chief Executive Officer/General Manager Ranjith Kodituwakku stated, “It gives me great pride to represent People’s Bank and Sri Lanka at such a prestigious regional event that brought together some of the most knowledgeable and experienced individuals in Sustainable Finance on to one stage. With the Indo-Pacific region facing several hurdles in today’s pandemic-hit world it is important that countries and their respective key institutions work closely with each other to come up with solutions to the region’s pressing problems across different areas. This event certainly was a timely one as it brought together the institutions that channel development finance to determine how they can together catalyse progress in sectors such as climate finance, renewable energy, and health.”

People's Bank recognized at SAFA Awards for its 2020 Annual Report

People’s Bank Annual Report 2020 was awarded the First Runner-up in the "Public Sector Banks" category at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards.

People’s Bank Annual Report 2020 is the sixth Integrated Annual Report of the Bank and was designed and created under the theme of "Pride of the Nation". The Annual Report, presented in two books, covers the operations of People’s Bank and its subsidiaries People’s Leasing & Finance PLC and People’s Travels (Pvt) Ltd. It provides a transparent assessment of the Bank’s performance in line with its strategy, created value for the Bank’s stakeholders, operating context, governance and operations of the Bank during the 12-month period ending 31 December 2020.  It addresses the six capitals defined the International reporting framework. These include Financial Capital, Manufactured Capital, Intellectual Capital, Human Capital, Social and Relationship Capital and Natural Capital.

Continuing the Bank’s pursuit of excellence in corporate reporting, the Annual Report provides a balanced review of the Bank’s performance, in a concise but comprehensive manner. The Report, which builds on the 2019 Annual Report, is consistent with the Bank’s annual reporting cycle for both financial and sustainability reporting. It focuses on People’s Bank response to the COVID-19 pandemic and the ways in which the Bank has adapted to new ways of working and details plans for its future.

People’s Bank Chairman Sujeewa Rajapakse expressed his contentment in how the bank has been recognized once again for its commitment towards excellent corporate reporting with this latest award win on the global stage despite the pandemic-induced challenges of the past two years. Chief Executive Officer/ General Manager Ranjith Kodituwakku stated that “the bank has been able to successfully produce award-winning Annual Reports over the last several years. Although the pandemic prolongs into yet another year, the bank can look ahead with optimism in terms of its ability to produce a world-class financial reporting document”.

Commenting on this latest achievement, Azzam Ahamat, Head of Finance of People’s Bank said that the accolade is testimony to the bank’s commitment to International Standards in financial & sustainability reporting and its efforts to uphold the highest levels of transparency. In preparing its Reports, the Bank draws on concepts, principles, and guidance from The International Integrated Reporting Council (IIRC) Framework, Consolidated Set of Global Reporting Initiatives and Guidelines, The Institute of Chartered Accountants of Sri Lanka, The Central Bank of Sri Lanka (CBSL) and The United Nations Sustainable Development Goals (SDGs)”.

People’s Bank has been lauded on multiple occasions for adopting international standards in integrated reporting over the years. For the year 2019, the Bank was awarded the prestigious “Best in Sri Lanka” award for its 2019 Annual Report titled “the Frontier” at the International ARC Awards in New York, USA, widely considered as the Academy Awards for annual reports by the financial community. In addition, the Bank also won Gold for both the Non-Traditional Annual Report category and Chairman’s/President’s Letter which it also won for a second consecutive year for its 2020 Annual Report titled “Pride of the Nation”.

People's Bank and People’s Leasing join hands to introduce a Co-branded Credit Card

People's Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards - VISA Platinum and VISA Signature – at a special ceremony held at the PLC Head Office recently. This collaboration brings together two giants of the Banking and Finance industry to bring a credit card like no other. 

The launch event was attended by People's Bank and People’s Leasing & Finance (PLC) Chairman Sujeewa Rajapakse, Chief Executive Officer/ General Manager Ranjith Kodituwakku, People’s Leasing & Finance Chief Executive Officer/ General Manager Shamindra Marcelline, People's Bank Senior Deputy General Manager – Payment and Digital K.B. Rajapakse, Head of Cards Jayanath Dias and several staff members from both organisations.

The People’s Bank and PLC co-branded VISA Platinum and VISA Signature credit cards provide customers a wide array of benefits. Customers can avail themselves to special discounts when purchasing goods and services from selected outlets throughout the year, especially during the holiday seasons. Supplementary cards can be obtained for loved ones with Easy Settlement Plans of up to 36 months and interest-free credit period of 52 days. The People’s Bank 24-hour Customer Services Hotline (1961) is on hand for any customer inquiries while balance transfer facility and travel insurance are also available. Other notable features of the credit cards include 0% Installment Plan Facility up to 40 months, 0% installment plan for Insurance Payments, 0% Installment plans of up to 36 months at Intermediate Care Centers and other VISA offers. People’s Bank Credit cards can also be obtained against a Fixed Deposit at a lower interest rate.

Addressing the audience at the event, People's Bank Chairman Sujeewa Rajapakse stated, “Today, two of the largest financial institutions in the country have joined forces for a one-of-a-kind collaboration. People’s Bank is one of the best brands in the country while PLC is also one of the largest organizations with a highly reputable brand name. This collaboration paves the way for many benefits for us and having PLC on our card certainly gives us a boost. It also increases our efficiency in whatever we do. This co-branded credit card is going to be one of the best credit cards in the market, one which everyone would like to have in their wallet. We will continue to look at providing value additions to these cards so that customers will continue to use them regularly.”

People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku commented, “People’s Leasing and People’s Bank being a part of the same group have done many things together for the benefit of both institutions and the country. So, this is yet another such occasion and I am sure there will be many more in the future. Customers of both organizations will undoubtedly benefit immensely from the synergies of such market leaders coming together.

People’s Leasing & Finance Chief Executive Officer/General Manager Shamindra Marcelline stated, “It is a proud occasion for both People’s Leasing & Finance and People’s Bank as we now have launched a co-branded credit card. I must say we can’t get a better brand out there into the market from a local perspective for People’s Bank is such a trusted brand by almost every individual and every household in Sri Lanka. There is no doubt that this card would be the most sought after credit card for anyone in Sri Lanka. This collaboration shows that together we can form a very powerful financial operation, be it conventional banking or leasing, and it will be a real powerhouse in the country.”

Established under the People’s Bank Act No. 29 of 1961, Peoples' Bank has the largest customer base of over 14 million customers in the country and also the largest branch network of 741 physical contact points to serve them. The bank provides its services 24 hours a day, 7 days a week and 365 days a year via its Self-Banking Units amounting over 260 across the island. It has played a pivotal role in taking digital banking benefits to the masses and thereby has positioned itself as the leading digital banking service provider in the country. People’s Bank has been repeatedly lauded for proving its mettle with consistency, authority and sustainable growth, delivering an excellent overall business performance. Over 60 years, People's Bank has evolved from being a provider of financial solutions to the masses to a leader in the digital banking sphere that simplifies cutting edge technology to benefit the entire nation.

People’s Leasing & Finance PLC is a leading Non-Bank Financial Institution in Sri Lanka and a subsidiary of People’s Bank.Commencing operations in 1996 as a specialized leasing company, People's Leasing was listed on the Colombo Stock Exchange in 2011. People's Leasing has grown to become a diversified non-banking financial powerhouse with six subsidiaries in areas including overseas operations in Bangladesh and celebrated its 25th anniversary on 31st May 2021.

People’s Bank joins “Lanka Remit” National Remittance Mobile App

People’s Bank joined hands with “Lanka Remit”, the much awaited National Remittance Mobile App which was launched on 8th February 2022. “Lanka Remit” App was developed by Lanka Clear(Pvt) Ltd. in collaboration with Central Bank of Sri Lanka with a view to facilitate Inward remittances to the country. People’s Bank became one of the first banks to join this initiative and as such was presented with a special plaque by the Chief Guest Hon. Namal Rajapakse, the Minister of Youth and Sports, Minister of Development Co-ordination and Monitoring and State Minister of Digital Technology and Enterprise Development at the Launch Ceremony held at Central Bank of Sri Lanka, on 8th February 2022. The launching ceremony was also attended by Mr. Ajith Nivard Cabraal, CBSL Governor, Mr. Dharmasiri Kumaratunga, Assistant Governor of CBSL, Mr. Ranjith Kodituwakku, Chief Executive Officer /General Manager of People’s Bank, Dr. Kenneth De Zilwa, Chairman, Lanka Clear (Pvt) Ltd, CEO’s of Banks and several senior CBSL and bank officials.

People's Bank’s ‘Industry 2022’ exhibition stall draws large crowds

People's Bank participated in the ‘Industry 2022’ National Industrial Exhibition that was held recently at the Bandaranaike Memorial International Conference Hall (BMICH) with the bank's stall drawing large crowds during all 3 days of the event.

Visitors to the stall were educated about the various loans schemes that the People’s Bank has on offer for Small and Medium-sized Enterprises (SMEs). The bank's Digital Banking representatives created awareness about state-of-the-art digital banking services offered by People’s Bank. Additionally, they could also sign up for People's Credit Card, which provides them with the opportunity to enjoy special discounts from merchants islandwide.

Organized by the Sri Lanka Industrial Development Board under the guidance of the Ministry of Industry, the exhibition featured 300 stalls representing the top 20 industries in the country.

The exhibition was organized with the aim of empowering domestic manufacturers and to provide them with local and foreign investment opportunities, create new market opportunities, and educate them on how to overcome market, technical and capital challenges they face. People's Bank participated in the exhibition supporting these domestic manufacturers by providing them with financial solutions and advice.

As the leader in digital banking in Sri Lanka, Peoples' Bank has the country’s largest branch network of 741 Branches and Service Centers. The bank is Sri Lanka's largest financial services provider serving a customer base of over 14 million.

For over 60 years, People's Bank has helped to develop the country's economy and create financially stable citizens by supporting industries such as agriculture, real estate, commercial development, Small and Medium-sized Enterprises and import/export.

People’s Bank celebrates 74 years of Independence by giving gifts to children born on Independence week

People's Bank celebrated Sri Lanka’s 74th National Independence Day by hoisting the national flag at a modest ceremony held at their Head Office in accordance with Government’s health and safety guidelines.         

The ‘Birth of Freedom’ programme held by People’s Bank every Independence Day was carried out this year as well. Under this concept, People’s Bank gifts Rs.2, 000 worth of ‘Isuru Udana’ Gift Certificates to every baby born between the 1st and 7th of February.

People’s Bank launched this programme in 2006 with the vision of instilling national pride and encouraging parents to plan for their children’s future. Parents can open an ‘Isuru Udana’ Children’s Savings Account at any People’s Bank Branch using the Gift Certificate.

People's Bank Chairman Sujeewa Rajapakse and Chief Executive Officer/ General Manager Ranjith Kodituwakku symbolically presented ‘Isuru Udana’ gift vouchers and other gifts to the Director of the Castle Street Maternity Hospital Dr. Pradeep Wijesinghe and Director of De Soysa Hospital for Women in Borella, Dr. Upuli Wijemanne.

People’s Bank Senior Deputy General Manager (Payment and Digital) K.B. Rajapakse, Senior Deputy General Manager (Overseas Customer Services) Rohan Pathirage, Deputy General Manager (Retail Banking, Process Management & Quality Assurance) Renuka Jayasinghe, Deputy General Manager (Strategic Planning, Performance Management & Research) Jayanthi Kurukulasooriya, Deputy General Manager (Transaction Banking) Nipunika Wijerathna, Head of Marketing Nalaka Wijayawardana, Assistant General Manager (Retail Banking) Nalin Pathiranage, Colombo North Regional Manager S.L.M.A.S Samarathunga, Colombo South Regional Manager M.S Kanakka Hewage, Borella Branch Manager W.A.N Udayangani and Town Hall Branch Manager Pathum Mihiraj along with hospital staff were also present at the event.

In line with the above all People’s Bank branches across the country celebrated ‘Nidahase Upatha’ island wide in compliant with strict Government quarantine guidelines.

Caption - People's Bank Chairman Sujeewa Rajapakse symbolically presents ‘Isuru Udana’ gift Certificate to the Director of the Castle Street Maternity Hospital Dr. Pradeep Wijesinghe and offering a gift to a newborn baby at De Soysa Hospital for Women in Borella

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

People's Bank Dompe Service Centre was ceremoniously declared opened at a new and enhanced location by People’s Bank Deputy General Manager (Channel Management) Mahinda Premanath recently.

 

While the Service Centre provides customers in the Dompe 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.

Rohini Madurawala, People’s Bank Assistant General Manager (Channel Management), G.R.S Kodagoda - Gampaha Regional Manager, Ruwan Gnanathilake, U.A.L Srimathi, Padmini Wickramarachchi - Assistant Regional Managers, Buddika Wimaladarma – Pugoda Branch Manager, Ramya Dissanayake - Dompe Service Centre Manager and other bank officials as well as customers took part in the event.

People's Bank possesses the country's largest branch network of 741 outlets.

Removal of People’s Bank from black listing by Embassy of the People’s Republic of China in Sri Lanka

People’s Bank has been informed by the Economic and Commercial Counsellor of Embassy of the People’s Republic of China in Sri Lanka that the Bank's name has been removed from their blacklist with immediate effect.

People's Bank Buddhist Societydonates a brand new home to a needy family in Mulleriyawa

Marking the occasion of People's Bank's 60th Anniversary,  and as part of the Bank’s ongoing housing project, the People's Bank Buddhist Society presented a brand new home located in Mulleriyawa North, 82/1/C to a needy family.

The People’s Bank Buddhist Society provided financial support for this new home while the troops of the 12th Gajaba Regiment and 2(V) Sri Lanka Light Infantry provided the construction manpower for the home.

Major General Kithsiri Liyanage - The Commander Security Forces-West, Major General Krishantha Gnanarathne - General Officer Commanding of the 14 Division, Colonel Vindana Kodituwakku - Commander 144 Brigade, as well as People’s Bank’s Lal Peiris - Regional Manager (Colombo Outer), Rohan Perera - Regional Manager (Kegalle), President of the People’s Bank Buddhist Society, together with members of the Society and Rachitha Silva - Kotikawatta Branch Manager also participated in the event.

People’s Bank Self Banking Units Facilitate Over LKR 1.2 Trillion Worth of Transactions in 2021

People’s Bank recently announced that it had facilitated 82.6 million transactions worth over LKR 1.2 Trillion during the year 2021, through its island-wide network of ATMs, CDMs and Self-Banking Kiosks.

The 2nd largest commercial bank in Sri Lanka, People’s Bank also enjoys the largest customer base in Sri Lanka counting over 14 million customers, along with the largest branch network, consisting of over 741 physical contact points. Over the course of 2021, People’s Bank’s 797 ATMs facilitated over LKR 800 billion rupees worth of transactions, while its 298 CDMs witnessed over LKR 460 billion worth of transactions. The Bank’s innovative self-service kiosks supported LKR 5 billion worth of transactions. These numbers are a testament to the level of popularity enjoyed by People’s Bank Self Banking Units (SBU) among the entire nation. People’s Bank SBUs comprise of ATMs, CDMs and Kiosks, allowing customers to bank at their convenience 24/7, 365 days a year.

As 2022 begins, People’s Bank renews its commitment to serve the financial needs of the nation, with renewed focus on offering seamless digital banking services. Complementing SBUs, its digital banking apps People’s Wave, People’s Wyn and Peiople’s Pay have transformed digital banking landscape in Sri Lanka. People’s Wave, country’s most downloaded banking app with over 1 million active users provides digital access to 50 different types of financial transactions.

Over 60 years, People's Bank has evolved from being a provider of financial solutions to the masses, into a leader in the digital banking space, employing cutting edge technology to benefit all Sri Lankans. Since 2015, the People’s Bank has taken a pioneering role in digitalization and customer engagement in Sri Lanka’s banking sector. Since then, a host of diversified digital banking solutions have been launched, delivering enhanced convenience, speed and efficiency to customers at every touchpoint. People’s Bank is also the first and only Bank in Sri Lanka to be accredited with the ISO/IEC 27001:2013 certification; the highest international accreditation for information protection, and security.

People’s Bank welcomes 2022

A ceremony was held recently to usher in the New Year at the Head Office of People’s Bank where the Staff assumed duties by pledging the Government Service Oath. A ceremonial chanting of Seth Pirith followed by multi-religious observances also took place as part of the ceremony.

The gathering was addressed by Mr.Sujeewa Rajapakse – Chairman and Mr. Ranjith Kodituwakku – CEO/GM of People’s Bank. Addressing the gathering Mr. Rajapakse reiterated the bank’s commitment to support development of the economy in the new year in line with the Vistas of Prosperity policy framework. He also thanked the staff members for the unstinted support extended during an unprecedented year.

Mr.Kodituwakku, in his address stated that bank will be focusing on areas such as continuation of strong financial performance, digital drive and service quality in the new year with the support of all staff members and the Board of Directors. He also expressed his appreciation for the immense contribution made by the staff to navigate successfully through a year filled with challenges.

While the event at the Head Office was attended by the Corporate & Executive Management, representatives of trade unions, representatives of religious organizations and other voluntary organizations and all team members, simultaneously in branches all over the country similar events took place with staff members pledging the Public Service Oath in welcoming of the New Year.

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 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 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 expands its balance sheet by close LKR 350.0 billion during 9M-21. Extends unparallel support to the Government

People’s Bank today announced the results for its nine months period ended September 30, 2021 reporting asset and deposit growth of LKR 349.7 billion and LKR 276.6 billion, respectively - a record high growing by 15.7% and 15.1% during the said period. Growth in net loans and investment in treasury securities was LKR 167.4 billion and LKR 191.4 billion, respectively. On a standalone basis, the Bank accounted for close to 20.0% of the Banking sector’s asset and net loan growth during the twenty one month period ended September 30, 2021; which is a feat self attesting to the contribution made by the Institution to the national cause and the Government. At September 30, 2021 - close to 50.0% of the Bank’s gross loans were to the State and other State Owned Enterprises.

During the said twenty one month period ended September 30, 2021 - the Bank introduced multiple loan schemes in view of supporting its customers. These included, amongst other, over LKR 60.0 billion in credit to support Small and Medium Scale Enterprises, over LKR 160.1 billion in home loans to over 9,000 customers, over LKR 6.0 billion to retired and disabled officers of armed forces and over LKR 560.0 million to artists of varying disciplines. In addition, Bank extended LKR 750.0 million to support the development of a Techno Park in Galle, over LKR 485.0 million to support women entrepreneurship and over LKR 260.0 million to University Students to purchase laptops.

Looking at some of the nine month 2021 highlights, net interest income rose by 38.9% whilst total operating income grew by close to 30.0%. Impairment charges rose by 10.7% Non personnel operating expenses were maintained at near LKR 11.6 billion without any increase. The Bank’s gross stage 3 loans as a function of  total gross loans was close to 8.1% at September 30, 2021 whilst its gross non performing loans excluding SOEs was 6.1%. Total taxes and dividends to the Government during the said period was LKR 9.7 billion. The Bank’s Tier I and Total Capital Adequacy was 10.2% and 15.5%, respectively at end September 2021 compared with a minimum 8.5% and 12.5%.

Commenting on the results, the Chairman of People’s Bank - Mr. Sujeewa Rajapakse stated that: “We are pleased with the role and contribution of the Institution more so during a time of extraordinary challenge, change and need. We remain of service to the country in a time it needs us the most and are committed to the Government’s long term Vistas of Prosperity and Splendor initiatives. We measure our success not by a typical top or bottom line but by our contribution to safeguard the pandemic stricken economy and our role to assist in its revival. It also demonstrates our efficiency and productivity even during the most challenging circumstances thereby debunking any myth to the contrary. Above all said, with our job being far from over, we remain committed to continuing to play our part to help the country navigate through these unchartered waters”

The Chief Executive Officer/ General Manager of People’s Bank - Mr. Ranjith Kodituwakku stated that: “2021 is a year unlike any seen. The year to date period has put to test our continued commitment, our continued access, our digital capabilities, our customer centricity and our ultimate ability to rise to our national duty. Notwithstanding the many challenges, including those beyond our reasonable control as seen in recent past, our delivery remains testimony to our strength, resilience and collective capability. Fully aware of the many challenges which lie ahead, we look forward to the future with a great degree of hope and optimism"

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. With a history spanning 60 years, the Bank benefits from a staff strength of close to 8,000 serving more than 14.0 million customers and over 19.0 million account relationships - which is by far the largest for any Financial Services provider in country. 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.

With a view to bring the benefits of digitalization to the entire nation, People’s Bank embarked on a digital transformation journey back in 2015 by taking a pioneering role in digitization and customer engagement. Since then a host of diversified digital banking solutions have been launched that deliver enhanced convenience, speed and efficiency, and convenience to customers at every point in their interactions with the bank. People’s Bank is the first and only Bank in Sri Lanka to be accredited with the ISO/IEC 27001:2013 certification; the highest international accreditation for information protection, and security.

People’s Bank prides itself in being at the forefront of facilitating digital-financial services penetration into the rural hinterlands of the country and has recorded unmatched levels of success in supporting the nation’s evolution into a digital society.

People's Bank recognized as one of Sri Lanka's Top 10 Women Friendly Workplaces at WFWP Awards 2021

People’s Bank was recognized as one of Sri Lanka's Top 10 Women Friendly Workplaces at the first-ever Women Friendly Workplace Awards (WFWP Awards) 2021 jointly pioneered by Satynmag.com and CIMA Sri Lanka.

The award was received by People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku and Deputy General Manager (Retail Banking, Process Management Management, Quality Assurance) Renuka Jayasinghe at the award ceremony held recently at the Cinnamon Grand. The event was graced by the presence of Chief Guest, IFC Programme Manager Women in Work Sri Lanka Sarah Twigg. CIMA Sri Lanka Country Manager Zahara Ansary and satynmag.com Founder/Editor Nayomini Weerasooriya also participated.

The process of evaluation and judging of the WFWP Awards was held throughout the pandemic, and the event itself will highlight the importance of recognising companies where women experience an empowering culture.

With a 60% representation of women across the organization, People's Bank, remains firmly committed to encouraging women to climb the ladder of success across various banking related fields of work.

People's Bank receives award for ‘Top 10 Most Admired Companies in Sri Lanka’ listing

People’s Bank was named among the Top 10 Most Admired Companies in Sri Lanka for the fourth consecutive year by the Chartered Institute of Management Accountants (CIMA), the International Chamber of Commerce of Sri Lanka (ICCSL) and the Daily FT.

The award was received by People’s Bank Chairman Sujeewa Rajapakse and Chief Executive Officer/General Manager Ranjith Kodituwakku of People’s Bank, at the award ceremony held recently at the BMICH. The event was graced by the presence of Chief Guest, Indian High Commissioner Gopal Baglay and Guest of Honour, Colombo Mayor Rosy Senanayake while the Ceylon Chamber of Commerce Chairman Vish Govindasamy was a special guest.

For over 60 years, People’s Bank has been repeatedly lauded for its consistency, leadership and sustainable growth in Sri Lanka’s banking sector. The Bank has evolved from being a provider of financial solutions to the masses to a leader in digital banking sphere that simplifies cutting edge technology to benefit the entire nation. The Bank has the country’s largest customer base and physical/digital network and has established itself in a unique position to successfully reach its over 14 million customers.

Optional: The Most Admired Companies are selected by a distinguished panel of judges based on globally-accepted criteria.

People's Bank Chief Legal Officer launches book titled “Legal Aspects Relevant to Banking Activities”

A book authored by People's Bank’s Chief Legal Officer, Muditha Peiris Karunarathne titled “Legal Aspects Relevant to Banking Activities” was officially published recently.

The first copies of the book were ceremoniously handed over to Sujeewa Rajapakse - Chairman and Ranjith Kodituwakku - Chief Executive Officer/General Manager of People’s Bank, recently at an event held at the People’s Bank Head Office in Colombo 02. K.B. Rajapakse - Senior Deputy General Manager (Payment and Digital), Rohan Pathirage - Senior Deputy General Manager – Overseas Customer Services, Mahinda Premanath - Deputy General Manager (Channel Management), Lalith Vithana - Deputy General Manager (Banking Support Services) and Nalaka Wijayawardana - Head of Marketing also participated in the event.

The informative publication gives a basic knowledge of the law involved in banking which is important for Bank officers to carry out their work in accordance to the laws applicable in different scenarios. Muditha Peiris Karunarathne commented, “When Bank Officers are involved in banking and operational activities in branches as well as departments, it is imperative that every action they take is in compliance with the laws of the land. The launch of this book is an attempt to provide an understanding of legal applicability in banking transactions. I think all Bank officers will find this to be a hand book during their day-to-day banking activities.”

News on blacklisting of People’s Bank by Embassy of People’s Republic of China in Sri Lanka

With regard to the news item being circulated in media on the captioned matter, People’s Bank wishes to clarify the following;

  • People’s Bank has come to notice that the Economic and Commercial Counselor of Embassy of People’s Republic of China in Sri Lanka has blacklisted the People’s Bank for not effecting the payments for in lieu of a Letter of Credit issued by the bank
  • People’s Bank has already communicated to the relevant authorities at the Chinese Embassy that the bank is bound by an enjoining order issued by the Commercial High Courts of Sri Lanka with regard to the trade transaction in question, which precludes the bank from processing of the payment
  • The temporary delay in processing the said payment pertaining to the LC is solely due to the bank’s obligation to be bound by the legal directions of the country as a responsible corporate citizen
  • Once the legal barriers in effect are removed, the LC payment will be effected promptly as per the usual trade practices
People's Bank upgrades Athurugiriya Service Centre into a fully-fledged Branch

With the aim of providing a seamless digital banking experience to its customers, People's Bank upgraded its Athurugiriya Service Centre into a fully-fledged branch. The new branch was ceremonially opened to the public on 21st October, making it the 364rd People's Bank branch in the country.

Sujeewa Rajapakse - Chairman, Ranjith Kodituwakku - Chief Executive Officer/General Manager, K.B.Rajapakse - Senior Deputy General Manager (Payment and Digital), Mahinda Premanath - Deputy General Manager(Channel Management), Buddhika Jayavilal – Mayor of Kaduwela Municipal Council, Nalaka Wijayawardana - Head of Marketing, Rohini Madurawala, T.M.W Chandrakumara - Assistant General Managers, Lal Peiris – Colombo Outer Regional Manager, Vinodani Pieris and Sudarma Subashini - Assistant Regional Managers, all from People's Bank, together with A.G Manori - Branch Manager and other bank officials as well as customers took part in the event.
The opening ceremony was carried out in accordance with the COVID-19 health guidelines.

People's Bank presents laptop to top-performing differently-abled student for her outstanding O/L results

Dewmi Ransara, a differently-abled student from Rathmale Bambaranda Saddharma Maha Vidyalaya, who passed the G.C.E. Ordinary Level (O/L) examination with flying colours by achieving 9 A passes, was presented with a laptop and other education-related equipment by People's Bank to further her educational aspirations.

Dewmi Ransara resides in Kurundugaha Hena in Matara District and has bravely faced and overcome numerous challenges despite her disability, which requires her parents to carry her to school and back daily in order to realize her educational dreams. People's Bank Matara Region presented the laptop to this student with the aim of recognizing and rewarding the outstanding talent and hard work demonstrated by her. Dewmi, who also performed well in the Grade 5 Scholarship examination, has been notably a People's Bank Sisu Udana accountholder since her childhood years.

Ven. Kataragama Mahanama - Chief Priest of the Kurambure Raja Maha Viharaya, Rasika Abeywardena - Principal of the Rathmale Bambaranda Saddharma Maha Vidyalaya, Mahinda Kulatunga Rajapaksa and Kusumini Abeygunawardena - parents of the child, together with I.K. Indika - Regional Manager Matara, W.K.S. Kumarasinghe - Assistant Regional Manager, T.G. Karunasena - Dickwella Branch Manager, H.G.S. Dananjaya - Regional Business Development Officer, W.P.A.D. Sameera and W.K.P. Lakmini - Branch Business Development Officers, all of People's Bank, also took part in the occasion.

People's Bank upgrades Gelioya Service Centre into a fully-fledged Branch

With the aim of providing a seamless digital banking experience to its customers, People's Bank upgraded its Gelioya Service Centre into a fully-fledged branch and ceremonially opened it to the public on 11th October, making it the 363rd People's Bank branch in the country.

Hon. Prof. Ranjith Bandara - Member of Parliament, Sujeewa Rajapakse - Chairman, Ranjith Kodituwakku - Chief Executive Officer/General Manager, Mahinda Premanath - Deputy General Manager-Channel Management, Nalaka Wijayawardana - Head of Marketing, Buddhika Ranatungage - Regional Manager–Kandy, Tissa Tennakoon and Kumari Dayananda - Assistant Regional Managers, all from People's Bank, together with Gamini Tennakoon - Chairman of Udunuwara Divisional Secretariat, Nashra Zuhair - Branch Manager and other bank officials as well as customers took part in the event.

The opening ceremony was carried out in accordance with the COVID-19 health guidelines.

People's Bank announces Western Union winners for March, April and May

As many as seventy-five People’s Bank customers who collected their Western Union money transfers via People’s Bank during the months of March, April and May were selected as winners at a  draw held at People’s Bank Head Office in Colombo 02. These lucky winners will receive gift hampers/vouchers or cash deposits worth Rs. 10,000 each.       

Rohan Pathirage - Senior Deputy General Manager (Overseas Customer Services), Mahinda Premanath - Deputy General Manager (Channel Management), Nalaka Wijayawardana - Head of Marketing and Renuka Arunachalam - Chief Manager (Overseas Customer Services) were present at the event.

Funds sent via Western Union to Sri Lanka can now be conveniently deposited directly to a People's Bank account through a single call or via a Whatsapp/Viber call through the People's Bank Call and Deposits Services.

People’s Bank ranked among the ‘Top 10 Most Admired Companies in Sri Lanka’, yet again

People’s Bank was yet again featured among the coveted top 10 ‘Most Admired Companies of Sri Lanka’ for the 2020/21 financial year, organized by the International Chamber of Commerce of Sri Lanka (ICCSL), the Chartered Institute of Management Accountants (CIMA) and the Daily FT.

Open for both listed and unlisted companies, the annual ‘Most Admired Companies of Sri Lanka’ Awards recognise companies that are a cut above the rest in terms overall excellence. During the rigorous selection process conducted by an elite panel of local and international judges, organizations are evaluated in terms of not just their financial performance but also the value they create for their shareholders, customers, employees and the wider community in general. 

People’s Bank has been repeatedly lauded for proving its mettle with consistency, authority and sustainable growth, delivering an excellent overall business performance. Over 60 years, People's Bank has evolved from being a provider of financial solutions to the masses to a leader in digital banking sphere that simplifies cutting edge technology to benefit the entire nation. The Bank, with country’s largest customer base and physical/digital network, has established itself in a unique position to successfully reach its over 14 million customers.

 Commenting on the accolade, People’s Bank Chairman, Mr. Sujeewa Rajapakse said, “We are immensely proud to be ranked amongst the top 10 Most Admired Companies in Sri Lanka. One unique reason for this success is the fact that everyone within People’s Bank is well aware of the national role expected of this great entity and that we all remain passionately committed to fulfill our obligations for the benefit of the nation. So all our activities are guided and propelled by this shared national responsibility which unites us to deliver an overall excellent performance. I take this opportunity to thank all stakeholders of the bank including customers and staff for their unstinted support without which this achievement would not have been possible”

Mr.Ranjith Kodituwakku, CEO/GM of People’s Bank commented “People’s Bank has always been embraced by the masses of the country as the pride of the nation due to the key role it plays in multiple frontiers. It is indeed a unique player in the field of banking owing to its ability to combine sensitivity to the public aspirations that transcend mere profit motive and operational efficiencies that rival even the best of private sector counterparts. For example our digital banking product offerings are among the best in world and they also happen to be the country’s most popular. Through a range of measures taken to uphold high service standards, we have proved that state owned organizations can also be excellent customer oriented competitive business entities as well. Recognitions such as this encourage us to commit ourselves with even greater resolve to move forward in this path. I also thank our valued customers and our most valuable asset, the staff members who made all this possible”

The Bank’s dedication to customer care was most apparent during the lockdown, when over 70% of branches and all self-banking units remained operational. Its mobile banking units covered over 400 locations islandwide, including some of the hardest to access areas in the country. The bank also extended interest relief worth over Rs. 5billion to over 430,000 businesses and retail customers which was the highest for any bank or a financial services group in the country.

Peoples' Bank has the largest customer base of 14 million customers in the country and also the largest branch network of 739 physical contact points to serve them. The bank also provides its services 24 hours a day, 7 days a week and 365 days a year via its Self-Banking Units amounting over 250 across the island, enabling customers to conduct their transactions without having to visit a bank branch. The bank has also stamped its supremacy in digital banking sphere with its mobile banking app People’s Wave being the country’s most downloaded banking app.

People's Bank joins hands with the Kandy Municipal Council to launch water bill payment facility using LANKAQR

People's Bank has joined hands with the Kandy Municipal Council to enable the citizens residing within the Council limits to conveniently pay their water bills using the LANKAQR network. This programme was ceremoniously launched at an event held at the Kandy Municipal Council with the participation of People’s Bank Chief Executive Officer/General Manager Ranjith Kodituwakku and the Kandy Municipal Commissioner Amila Navaratne.

The Central Bank introduced the LANKAQR payment system with the intention of making cashless transactions faster, more secure and less costly for people by enabling payments via their mobile phones. Customers can scan a LankaQR code with their smartphone and make payments directly from their accounts using the People's Pay wallet App

People's Bank further commemorates its 60th Anniversary by donating a Portable Ultra Sound Scanner to the Kandy National Hospital

As part of the series of social initiatives organized to mark the occasion of the People's Bank’s 60th Anniversary, a Portable Ultra Sound Scanner worth over Rs.6 million, that can be deployed to treat COVID-19 patients was officially handed over to the National Hospital, Kandy recently. The equipment was funded by the People's Bank Staff Members.

Ranjith Kodituwakku - Chief Executive Officer/General Manager, People’s Bank, Dr. Aruna Jayasekara - Director of the National Hospital, Kandy, Dr Iresha Frenando -  Deputy Director, Dr. Prasad Gunasinghe – Medical Officer (Planning Division), Pharmacist B.M.K.D Banadranayake, Mahinda Premanath - Deputy General Manager (Channel Management), People’s Bank, Buddhika Ranatungage - Regional Manager, Kandy, Manjula Dissanayake – Regional Manager, Badulla, Rohan Perera - Regional Manager, Monaragala, Assistant Regional Manager and Manageress, Janaka Jayasinghe - Kandy Branch Manager and Branch Managers were present at the event.

Once the COVID-19 pandemic settles, the hospital expects to use the equipment for the benefit of other patients. As part of the ongoing series of social responsibility activities organized to celebrate their 60th Anniversary, a Portable Ultra Sound Scanner was also recently donated to the National Hospital in Colombo.

People's Bank 60th Anniversary special publication presented to the Prime Minister

A unique, commemorative publication in celebration of the People's Bank’s 60th Anniversary was officially presented by People's Bank Chairman Sujeewa Rajapakse to Hon. Prime Minister Mahinda Rajapaksa at Temple Trees recently.

The specially designed publication has information on the Bank's glorious history, the outstanding service it has provided to Sri Lanka's economy over the past 60 years, as well as the details of various Chairmen, Chief Executive Officers and General Managers who dedicated themselves to develop the Bank during this period.

People's Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku and the Prime Minister's Additional Secretary Chaminda Kularatne were also present at this occasion.

People’s Bank Thambala branch relocates to new premises

The opening ceremony of the newly relocated Thambala Branch of People’s Bank was held on 26th July 2021 under the auspices of Ranjith Kodituwakku – Chief Executive Officer/ General Manager, People’s Bank.

The new branch which is located at No.110, Alhilalpura, Thambala is fully equipped with ultra-modern technology and offers a comprehensive range banking facilities.

The event was attended by Mahinda Premanath – Deputy General Manager (Channel Management), People’s Bank, Nalaka Wijayawardana – Head of Marketing, People’s Bank, Indumini Rathnayake – Polonnaruwa Regional Manager, People’s Bank and H. G N. Aarohana – Assistant Regional Manager, A.H.T.G Bandara - Thambala Branch Manager and several customers.

Cementing its role in providing unmatched financial services to the nation, The Banker Magazine in the UK has recognized People’s Bank for four consecutive years as one of the Top 1000 Banks in the World. A testament to the wide reach of the bank is its 741 branches & service centers located island wide which happens to be Sri Lanka’s largest. With a workforce of more than 8,000 staff, People’s Bank provides financial services to more than 14 million customers and boasts of 19 million account relationships making it truly a bank of the people.

People’s Bank launches a digital cheque deposit machine in commemoration of 60th anniversary

People’s Bank, launched its first digital cheque deposit machine at their Head Quarters Branch with the commemoration of Bank’s 60th anniversary. This is another milestone in its six decade legacy of using innovation to enhance customers’ banking experience.

Mr. Sujeewa Rajapakse - Chairman, People’s Bank, Mr. Ranjith Kodituwakku - Chief Executive Officer/ General Manager Mr K.B. Rajapakse - Senior Deputy General Manager – (Payment and Digital), Mrs. Renuka Jayasinghe-Deputy General Manager (Retail Banking, Process Management and Quality Assurance), Mr. L.U.L Alwis, Chief Manager - Process Management and Centralized Back Office, Mr. Upul de Silva - Senior Manager (IT and Centralized Back Office), Lakmini Ilangasinghe – Assistant Manager (Project Coordinator) and customers were present at the launch of the Digital Cheque Deposit Machine.

The machine is designed to offer a seamless experience for customers to deposit cheques with minimum hassle. The process requires minimal information which the machine will validate instantly by capturing an image of the cheque and displaying it on the screen. The customer then simply confirms the information on screen and the machine prints a receipt acknowledging the transaction.

Through this machine, customers can also deposit multiple cheques at the same time, quickly and securely. The machines will be accessible to all customers 24-hours a day, 7-days a week, and 365-days a year at branches and at SBUs all over the island.

People’s Bank already has 250 Self Banking Units around the island consisting ATMs and CDMs. The units are easy to access and allow customers to conduct transactions with ease and simplicity. The launch of the Digital Cheque Deposit Machine is another milestone for People’s Bank in its continuous quest to enhance customer experience.

The Bank has been at the forefront of Sri Lanka’s digital banking sphere which has been intensely competitive in recent years. People’s Bank has already set the standard for digital banking with innovations like the People’s Wave, People’s Wiz and People’s Wyn App which has over Rs.1.1 million customers.

In its 60 years of operation, People’s Bank has continuously looked for ways to improve the efficiency of its service offerings and the addition of this new digital cheque deposit machine is another testament to its commitment towards this endeavor.

People’s Bank, launched its first digital cheque deposit machine at their Head Quarters Branch with the commemoration of Bank’s 60th anniversary. This is another milestone in its six decade legacy of using innovation to enhance customers’ banking experience.

Mr. Sujeewa Rajapakse - Chairman, People’s Bank, Mr. Ranjith Kodituwakku - Chief Executive Officer/ General Manager Mr K.B. Rajapakse - Senior Deputy General Manager – (Payment and Digital), Mrs. Renuka Jayasinghe-Deputy General Manager (Retail Banking, Process Management and Quality Assurance), Mr. L.U.L Alwis, Chief Manager - Process Management and Centralized Back Office, Mr. Upul de Silva - Senior Manager (IT and Centralized Back Office), Lakmini Ilangasinghe – Assistant Manager (Project Coordinator) and customers were present at the launch of the Digital Cheque Deposit Machine.

The machine is designed to offer a seamless experience for customers to deposit cheques with minimum hassle. The process requires minimal information which the machine will validate instantly by capturing an image of the cheque and displaying it on the screen. The customer then simply confirms the information on screen and the machine prints a receipt acknowledging the transaction.

Through this machine, customers can also deposit multiple cheques at the same time, quickly and securely. The machines will be accessible to all customers 24-hours a day, 7-days a week, and 365-days a year at branches and at SBUs all over the island.

People’s Bank already has 250 Self Banking Units around the island consisting ATMs and CDMs. The units are easy to access and allow customers to conduct transactions with ease and simplicity. The launch of the Digital Cheque Deposit Machine is another milestone for People’s Bank in its continuous quest to enhance customer experience.

The Bank has been at the forefront of Sri Lanka’s digital banking sphere which has been intensely competitive in recent years. People’s Bank has already set the standard for digital banking with innovations like the People’s Wave, People’s Wiz and People’s Wyn App which has over Rs.1.1 million customers.

In its 60 years of operation, People’s Bank has continuously looked for ways to improve the efficiency of its service offerings and the addition of this new digital cheque deposit machine is another testament to its commitment towards this endeavor.

People’s Bank ranked amongst the world’s ‘Top 1000 Banks’ yet again

People’s Bank has been named amongst the ‘Top 1000 Banks’ in the world by The Banker Magazine UK for the 4th consecutive year. The Banker Magazine, published by the Financial Times in the UK, primarily ranks banks on basis of their Tier 1 capital. People’s Bank also achieved the highest Return on Equity among the largest banks in the country.

Sujeewa Rajapakse, Chairman of People’s Bank commented on this momentous occasion “To be able to achieve this ranking in the midst of the COVID-19 pandemic shows the banks’ ability to withstand even the most challenging of circumstances. We would like to thank our customers and stakeholders for their continued confidence in us and our staff for their continued commitment.”

People’s Bank also celebrates their 60th anniversary in 2021, has played a leading role during the current COVID-19 pandemic by keeping more than 70% of its branch network open to serve customers and providing over Rs.800 billion in financial relief to both businesses and individuals.

Ranjith Kodituwakku, Chief Executive Officer/ General Manger of People’s Bank also commented on this achievement “We couldn’t be prouder to have achieved this ranking for the 4th year in a row. It is a true testament to our commitment to both our nation and its people. We look forward to moving from strength to strength in the future.”

People’s Bank had been at the forefront of Sri Lanka’s digital banking sector, facilitating digital-financial penetration into rural areas and recording unparalleled levels of success in supporting the countries digital evolution.

People’s Bank has gained much local and international recognition over the last few years. They won the “Best Retail Bank in Sri Lanka” and “Best Digital Bank in Sri Lanka” awards at The Asian Banker Excellence in retail financial services awards for 2021, “Best Domestic Bank in Sri Lanka” award from Asia Money and several key accolades at the World Finance and International Business Magazine Awards. Additionally, The Banker Magazine named People’s Bank as one of the top 1000 banks in 2018, 2019, 2020 and now in 2021.

Further, ICCSL, CIMA, and the Daily FT newspaper included People's Bank among the 10 Most Respected institutions in 2018, 2019 and 2020 consecutively.

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. With a history spanning 60 years, the Bank benefits from a staff strength of close to 8,000 serving more than 14 million customers and close to 19 million account relationships - which is by far the largest for any Financial Services provider in country.

With a view to bring the benefits of digitalization to the entire nation, People’s Bank embarked on a digital transformation journey back in 2015 by taking a pioneering role in digitization and customer engagement. Since then a host of diversified digital banking solutions have been launched that deliver enhanced convenience, speed and efficiency, and convenience to customers at every point in their interactions with the bank. People’s Bank is the first and only Bank in Sri Lanka to be accredited with the ISO/IEC 27001:2013 certification; the highest international accreditation for information protection, and security.

People’s Bank commemorates 60th anniversary by donating portable Ultrasound scanner to National Hospital.

In commemoration of their 60th anniversary and as part of the vast social outreach, the staff of People’s Bank donated a Portable Ultrasound scanner to the Intensive Care Unit of the National Hospital in Colombo 07 for COVID-19 patients.

Dr. Kumara Wickremasinghe - Director, National Hospital, Dr. Dilshan Priyankara - Head of COVID ICU, Sujeewa Rajapakse - Chairman, People’s Bank, Ranjith Kodituwakku - Chief Executive Officer/ General Manager, People’s Bank, Krishani Narangoda - Deputy General Manager (Enterprise Banking), People’s Bank, Nipunika Wijeratne - Deputy General Manager, (Transaction Banking), People’s Bank, Lalith Vithana - Deputy General Manager (Banking Support Services), People’s Bank and Nalaka Wijayawardena – Head of Marketing attended the event.

Sujeewa Rajapakse – Chairman, People’s Bank said “As the bank of the people, People’s Bank not only provides their customers with financial support, but also contributes greatly to the relief efforts to victims of natural disasters. People’s Bank and their affiliated groups have donated a multitude of medical equipment including PCR machines. With the Government is successfully controlling the pandemic, we hope the country will head in the right direction. People’s Bank is delighted to be able to contribute to the relief of COVID-19 patients”.

Dr. Kumara Wickremasinghe, Director of the National Hospital said “Our COVID ICU needed a machine like this as it is useful in the treatment of ICU patients. The Head of ICU and other Doctors and Nurses are fully committed to treating their patients. I would like to extend my heartfelt gratitude to People’s Bank and its staff for their generosity for providing us with this machine in our hour of need. We look forward to using the machine to help other patients after the pandemic is over”.

People’s Bank staff and Retired Staff Society members from across the island donated Rs.15 million to the COVID-19 Health & Social Security Fund last year.

People’s Bank steps in to help family of a deceased Army officer in commemoration of its 60thanniversary

People’s Bank has always taken a lead role in assisting in the development of the nation and its people. In commemoration of it’s 60th anniversary, People’s Bank joined hands with the Gamunu watch of Rathnapura, Kuruwita Regimental Centre of the Sri Lanka Army to assist the grief stricken family of a retired and deceased Officer of the Sri Lanka Army by offering financial assistance to complete the construction of their house in Udawela, Opanayake, Pelmadulla.The late Officer’s family consists of his wife who has been diagnosed with cancer and 3 young daughters who lived in a small dilapidated and incomplete house.

Upon the request of Brigadier Roshan Jayamanna, Centre Commandant of the Gamunu watch at the Rathnapura, Kuruwita Regimental Centre, People’s Bank and People’s Bank Ratnapura Buddhist Society offered financial assistance to the late Officer’s family. The Staff of the Ratnapura Regional of People’s Bank collected approximately a sum of Rs. 700,000 internally for this cause.

The labour force who dedicated their efforts to complete the construction of the house was provided by the Gamunu watch, and they not only completed the construction of the house but fully furnished it as well.

Major General W.G.H.A.S Bandara, Colonel Commandant of Gamunu Watch, Brigadier Roshan Jayamanna, of the Centre Commandant Gamunu watch at the Rathnapura, Kuruwita Regimental Centre, Nalin Perera, People’s Bank Ratnapura Regional Manager were present at the event.

People's Bank celebrates its 60th anniversary

On the 1stJuly 2021, People's Bank celebrated its 60th anniversary on 1st of July 2021 marking a period during which it revolutionized the Sri Lankan banking industry by taking innovative banking to touch the lives of even the most grass root level customers who had had been largely overlooked by the industry.

During the past 60 years, the bank has always strived to understand its customers' needs and was able to use new technology and innovative products to meet those needs. It is this approach that has won them Sri Lanka’s largest customer base of over 14 million.

People's Bank was established under Act No. 29 of1961 with the aim of uplifting the corporate business and rural banking systems. This Act was submitted to Parliament by then Minister of Trade, Food, Co-operatives and Shipping,T. B. Illangaratne, during the regime of Prime Minister Sirimavo Bandaranaike. Vincent Subasinghe was the first Chairman of People's Bank; he was a pioneer in providing banking services to the corporate sector.

In an era when banking services were limited to English speaking upper end of the society,

It was the establishment of People's Bank that changed that phenomenon, by starting to work 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 different brand names.

Currently, People's Bank is one of Sri Lanka’s largest financial institutions, boasting over Rs.2.3 trillion in assets. Its network of 741 branches/service centres is the country’s largest. The bank also possesses a network of over 250 Self Banking Units operating 24/7 all 365 days of the year. This enormous network has enables the people to get their banking done safely, securely and with ease of accessibility.

Speaking at a 60th anniversary celebratory event, the Chairman of the People's Bank Mr. Sujeewa Rajapakse stated “Marking a turning point in the Sri Lanka banking sector, People’s Bank was established on 1st July 1961. Today, we celebrate the 60th anniversary with much pride. As a reputed state bank, People's Bank not only provides state-of-the-art financial facilities but also renders their services to uplift the social economy. As a state bank, People’s Bank’s objectives transcend beyond mere profits and the main focus has always been the country’s development. Hence many a time we have provided financial facilities for exports, education, health, expressways and tourism infrastructure.

People's Bank has always come forward to shoulder the societal responsibilities and even the current COVID-19 pandemic is no different. We are very much a part of this nation and this is why the country in turn considers us as the pride of the nation”.

Ranjith Kodituwakku - Chief Executive Officer and General Manager, People’s Bank also commented “From the inception, People's Bank was open to the common man instead of just one strata of the society. Although the bank was catering the mass market, that did not prevent it from being innovative and technology oriented. This is why People’s Bank expanded rapidly in terms of network, financial performance, product portfolio and brand value. Furthermore, People's Bank has greatly supported the country's socio-economic development. People's Bank continues to introduce new banking technology to the financial sector and to its customers in order to establisher stronger relationships with them. We look to pioneer modern banking solutions in the future as well”.

While the bank initially focused on rural sectors and cooperative movements, since then the bank has evolved and is currently offering a range of products to support their customer’s standards of living. The loan schemes on offer include, Personal Loans, Housing Loans, Professional Loans, Educational Loans and Vehicle Loans. Furthermore, People’s Bank from time to time has introduced special loans schemes to assist farming and fishing communities especially to revive the country’s economy after challenging times.

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. As another key component of the digitization journey, People's Bank introduced People's Wave mobile banking App for customers to transact any time of the day using their mobile phone without having to go to a bank branch and this has become the most downloaded app in Sri Lanka. Also, People’s Wiz Loan Originating System has enabled the bank to grant personal loans within 24-hours.

On the 1stJuly 2021, People's Bank celebrated its 60th anniversary on 1st of July 2021 marking a period during which it revolutionized the Sri Lankan banking industry by taking innovative banking to touch the lives of even the most grass root level customers who had had been largely overlooked by the industry.

During the past 60 years, the bank has always strived to understand its customers' needs and was able to use new technology and innovative products to meet those needs. It is this approach that has won them Sri Lanka’s largest customer base of over 14 million.

People's Bank was established under Act No. 29 of1961 with the aim of uplifting the corporate business and rural banking systems. This Act was submitted to Parliament by then Minister of Trade, Food, Co-operatives and Shipping,T. B. Illangaratne, during the regime of Prime Minister Sirimavo Bandaranaike. Vincent Subasinghe was the first Chairman of People's Bank; he was a pioneer in providing banking services to the corporate sector.

In an era when banking services were limited to English speaking upper end of the society,

It was the establishment of People's Bank that changed that phenomenon, by starting to work 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 different brand names.

Currently, People's Bank is one of Sri Lanka’s largest financial institutions, boasting over Rs.2.3 trillion in assets. Its network of 741 branches/service centres is the country’s largest. The bank also possesses a network of over 250 Self Banking Units operating 24/7 all 365 days of the year. This enormous network has enables the people to get their banking done safely, securely and with ease of accessibility.

Speaking at a 60th anniversary celebratory event, the Chairman of the People's Bank Mr. Sujeewa Rajapakse stated “Marking a turning point in the Sri Lanka banking sector, People’s Bank was established on 1st July 1961. Today, we celebrate the 60th anniversary with much pride. As a reputed state bank, People's Bank not only provides state-of-the-art financial facilities but also renders their services to uplift the social economy. As a state bank, People’s Bank’s objectives transcend beyond mere profits and the main focus has always been the country’s development. Hence many a time we have provided financial facilities for exports, education, health, expressways and tourism infrastructure.

People's Bank has always come forward to shoulder the societal responsibilities and even the current COVID-19 pandemic is no different. We are very much a part of this nation and this is why the country in turn considers us as the pride of the nation”.

Ranjith Kodituwakku - Chief Executive Officer and General Manager, People’s Bank also commented “From the inception, People's Bank was open to the common man instead of just one strata of the society. Although the bank was catering the mass market, that did not prevent it from being innovative and technology oriented. This is why People’s Bank expanded rapidly in terms of network, financial performance, product portfolio and brand value. Furthermore, People's Bank has greatly supported the country's socio-economic development. People's Bank continues to introduce new banking technology to the financial sector and to its customers in order to establisher stronger relationships with them. We look to pioneer modern banking solutions in the future as well”.

While the bank initially focused on rural sectors and cooperative movements, since then the bank has evolved and is currently offering a range of products to support their customer’s standards of living. The loan schemes on offer include, Personal Loans, Housing Loans, Professional Loans, Educational Loans and Vehicle Loans. Furthermore, People’s Bank from time to time has introduced special loans schemes to assist farming and fishing communities especially to revive the country’s economy after challenging times.

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. As another key component of the digitization journey, People's Bank introduced People's Wave mobile banking App for customers to transact any time of the day using their mobile phone without having to go to a bank branch and this has become the most downloaded app in Sri Lanka. Also, People’s Wiz Loan Originating System has enabled the bank to grant personal loans within 24-hours.

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.

In recognition of the unparallel contribution made by the People’s Bank towards betterment of the country, banking industry and customers, it has been recognized with many an award both locally and internationally over last several years. Recently the Bank won multiple awards from leading institutes such as The Asian Banker magazine (Sri Lanka’s Best Retail Bank & Sri Lanka’s Best Digital Bank in 2021” and Asia Money magazine (Best Domestic Bank and Best Digital Bank in Sri Lanka in 2020). Additionally, The Banker Magazine named People’s Bank as one of the top 1000 banks. Locally, People’s Bank has won “Banking Services Provider of the Year” award at SLIM Nielson awards for 15 consecutive years.

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.

In recognition of the unparallel contribution made by the People’s Bank towards betterment of the country, banking industry and customers, it has been recognized with many an award both locally and internationally over last several years. Recently the Bank won multiple awards from leading institutes such as The Asian Banker magazine (Sri Lanka’s Best Retail Bank & Sri Lanka’s Best Digital Bank in 2021” and Asia Money magazine (Best Domestic Bank and Best Digital Bank in Sri Lanka in 2020). Additionally, The Banker Magazine named People’s Bank as one of the top 1000 banks. Locally, People’s Bank has won “Banking Services Provider of the Year” award at SLIM Nielson awards for 15 consecutive years.

People's Bank Dankotuwa Branch moves to new premises

People's Bank Dankotuwa Branch moved to a new location on 21st June 2021. The opening ceremony of the new premises was attended by People's Bank Chief Executive Officer/ General Manager Ranjith Kodituwakku.

The new spacious premises offers added convenience to customers along with a full range of services backed by the latest digital banking technology.

People’s Bank Deputy General Manager (Recoveries) Lionel Galagedara, Regional Manager(Puttalam) K.A.A.S Peiris, Assistant Regional Manager S.A.M.L Sirimanne, Dankotuwa Branch Manager D.M Liyanage, customers, also participated at the event.

People’s Bank begins construction of its new Head Office building under the auspices of the Honorable Prime Minister.

Marking an important milestone of its 60 years’ history, People’s Bank began construction of its all-new Head Office building. The Prime Minister, Honourable Mahinda Rajapaksa inaugurated the construction by unveiling the ceremonial plaque digitally on the 28th of May 2021.

The ceremony to mark this event which was held simultaneously at the Temple Trees and the building site linked seamlessly via digital connectivity was attended by Honourable Ajith Nivard Cabraal - State Minister of Money & Capital Market and State Enterprise Reform, Honourable Shehan Semasinghe - State Minister of Samurdhi, Household Economy, Micro Finance, Self-Employment and Business Development, W.D Lakshman - Governor of the Central Bank of Sri Lanka, R. Attygalle – Secretary to the Ministry of Finance, Gamini Senerath - Secretary to the Prime Minister, Yoshitha Rajapaksa - Chief of Staff to the Prime Minister, Sujeewa Rajapakse - Chairman, People’s Bank and members of the Board of Directors.

Ranjith Kodituwakku - Chief Executive Officer/ General Manager, People’s Bank laid the foundation stone at the building site on Honourable Prime Minister’s behalf.

Speaking at the ceremony, Sujeewa Rajapakse, Chairman of People’s Bank stated that the bank is proud to be serving the country without being driven merely by profit motive. He also said that the new building will fulfil a long felt need of People’s Bank for a comprehensive Head Office building.

Addressing the gathering Hon. Prime Minister acknowledged the pivotal role played by People’s Bank in country’s development by providing services to over 14 million customers which is the largest banking customer base in the country. He also stated that commencement of large scale constructions such as this is a testament to the state’s unwavering commitment to keep maintain the development drive despite challenges such as COVID 19 pandemic. 

The new Head Office building will be constructed utilising state-of-the-art technology in line with the green building concept at No. 374, Dr Colvin R. De Silva Mawatha, Colombo 02 will consist of 23 floors and 3 basement floors.

People's Bank honoured as ‘Best Retail Bank’ and ‘Best Digital Bank’ at the Asian Banker Excellence in Retail Financial Services International Awards 2021

The Asian Banker Excellence in Retail Financial Services International Awards 2021, one of the world’s most prestigious awards programmes has awarded People’s Bank the ‘Best Retail Bank in Sri Lanka’ and ‘Best Digital Bank’ awards in recognition of the giant strides taken by People’s Bank championing banking excellence in Sri Lanka.

The Excellence in Retail Financial Services Awards programme is run on a completely neutral basis and unfunded, over a 3-4 month period. It involves a team of highly experienced international researchers assessing over 160 financial institutions internationally.

Commenting on this monumental achievement, Mr. Sujeewa Rajapaksa, Chairman of People’s Bank said “While 2020 was a year like no other due to COVID-19 pandemic, People’ Bank not only was able to wade through them largely unscathed, but also played a key role in executing the government’s financial relief programmes to support COVID-19 affected individuals and businesses by providing moratoria and concessionary loans. Awards such as these further encourage us to continue to do our utmost for the nation as the country’s most widely embraced bank by the people”.

Mr. Ranjith Kodituwakku, Chief Executive Officer/ General Manager of People’s Bank stated “I couldn’t be prouder of this achievement. Being named ‘Best Retail Bank’ and ‘Best Digital Bank’ by the Asian Banker Excellence in Retail Financial Services International Awards is an ode to the dedication and commitment of all our staff which made it possible for the bank to overcome unprecedented challenges posed by COVID 19 pandemic.

People’s Bank which possesses the country’s largest banking customer base of over 14 million also possesses the country’s largest branch network. Not resting on its laurels, the Bank began an ambitious digital transformation journey in 2015, from which time the bank has launched a host of diverse digital banking solutions to deliver enhanced convenience, speed, and efficiency to customers. Extending these services to the rural areas of the country as well, the bank has gained unparalleled success in turning Sri Lanka into a digital society. Bearing testament to the bank’s ability to take technology to the masses, People’s Bank’s Mobile Banking App remains the most downloaded banking app in the country. 

During the COVID 19 pandemic, People’s Bank Mobile Service covered over 1,000 rural townships to enable access to banking and finances to customers even in the most remote areas. The service was further enhanced with Palmtop Banking to allow customers to withdraw and deposit money without the use of an ATM card.

Further, in order to soften the COVID 19 impact on the overall economy, the Bank swiftly implemented a range of relief packages including moratoria mandated by the government and provided relief to over 480,000 individual customers which is the highest number by a bank in Sri Lanka.

People’s Bank also introduced multiple loan schemes to support the economic revival of the country. These schemes were offered to a large cross-section of groups included Doctors, Dentists, Engineers, Accountants, IT Professionals/Software Engineers, Healthcare Professionals, School Teachers, University Staff Members, Students and Artists. To further enhance the customer experience, the bank introduced a Retail Loan Originating System (RLOS) to over 100 branches thus enabling customers to obtain personal loans in 24 hours.

People’s Bank which also pioneered the pawning business in Sri Lanka came up with a range of concessions to help pawning customers during this difficult period. This included reducing interest rates and introducing a facility that allowed partial pawning payments to be made via Self Banking Units anytime of the .

These initiatives are a testament to the bank’s commitment to delivering superior experiences to their customers, by leveraging on its digital banking supremacy

People’s Bank obtains an enjoining order against “People’s Capital Investments and Credit (Pvt) Ltd

People’s Bank recently filed action against “People’s Capital Investments & Credit (Pvt) Ltd” at the Commercial High Courts holden at Colombo and obtained an enjoining order on 21.05.2021 restraining the latter from using the trade name “People’s” in their company name as it constituted a clear violation of Intellectual Rights of the People’s Bank.

The People’s Bank is a Banking Corporation established under the People’s Bank Act No. 29 1961 and it’s a state owned Commercial Bank carrying business for more than 60 years with the trade name “People’s” having 741 branches, 765 ATM machines, 244 self Banking Units, 221 KIOS and 274 CDMs across the Island.

There are many subsidiaries functioning under the People’s Bank carrying the Trade Name “People’s” namely;

•           People’s Leasing and Finance PLC

•           People’s Insurance Ltd

•           People’s Travels Ltd

•           People’s Fleet Management Ltd

•           People’s Leasing Property Development Ltd

•           People’s Leasing Havelock Properties LTD

Legal action against People’s Capital Investment and Credit (Pvt) Limited was instigated by the People’s Bank to restraining and preventing them from using the trade name “People’s”   as the said company which has no connection whatsoever to the People’s Bank was carrying on business under the above name at No. 440/3, 1st Floor, C Ponnampalam Road, Clock Tower Road, Jaffna.

This was supported by Mr. Kaushalya Nawarathne, Attorney-at-Law instructed by Mrs. Muditha Peiris, Attorney-at-Law.

People’s Bank introduces Saarabhoomi Loan Scheme for local organic fertiliser manufacturers

People’s Bank introduces the Saarabhoomi Loan Scheme to further support the state policy to increase the local manufacture of pesticides, weedicides and fertilisers. The loans will be granted at special concessionary interest rates with a maximum repayment period of up to 10 years for investments and up to 3 years for working capital requirements.

The criteria for applicants Saarabhoomi Loan benefits are as follows:

Fertiliser manufacturers must be in possession of certification from the National Fertiliser Secretariat and manufacturers of weedicide and pesticide should be in possession of certification from the Registrar of Pesticide (ORP) at the Department of Agriculture.

Fertiliser manufactures should have sufficient technological expertise and specialisation in the manufacture of organic fertiliser and all submitted projects should be financially and economically viable. An agreement with the Government allowing the purchase of fertiliser is mandatory.

The Saarabhoomi Loan scheme is obtainable from any People’s Bank branch island wide. Any further information or clarification can be obtained by calling 0112 481 356.

People's Bank Annual Report 2020 presented to State Minister of Money & Capital Market and State Enterprise Reforms Hon Ajith Nivard Cabraal

People's Bank Chairman Sujeewa Rajapakse presented the People's Bank's Annual Report for the year 2020 to State Minister of Money & Capital Market and State Enterprise Reforms Hon. Ajith Nivard Cabraal at the Finance Ministry recently.

Also present at the event were CEO/GM of People's Bank Ranjith Kodithuwakku, Head of Finance Azzam A. Ahamat.

People’s Bank’s digital banking supremacy highlighted with a record transaction volume during Avurudu season

People’s Bank showcased its digital baking prowess yet again by completing a mammoth 5,822,504 transactions and dispensing Rs. 65.3 Bn from the 1st of April to the 15th of April 2021. This includes transactions completed via bank’s Internet banking, mobile apps ATMs, CDMs and Kiosks.

People’s Bank has been at the forefront of providing digital financial services to the rural areas of the country and has gained unparalleled success in turning Sri Lanka into a digital society. The bank pioneered Self Banking Units (SBUs), which was a concept that consisted of ATMs, CDMs and Kiosks which allowed customers to bank at their convenience, 24 hours a day, 7 days a week, 365 days a year. The Self Banking Unit concept has been a colossal success for People’s Bank.

Additionally, the bank’s People’s Wave App and People’s Wyn Apps have also changed Sri Lanka’s digital banking landscape. The People’s Wave App has over 1 million downloads and consists of over 50 different financial transactions and a host of modern banking features to help make banking easier for customers.

The People’s Wyn App was designed specifically for the corporate world, enabling business to authorize, approve, and conduct corporate transactions such as transfers, payments, remittances and much more easily and securely.

People’s Bank began its digital transformation journey in 2015, from which time the bank has launched a plethora of diverse digital banking solutions to deliver enhanced convenience, speed, and efficiency to customers.

People’s Bank is well and truly on the way to continue its dominance in the digital banking sector in 2021 and beyond with a focus on transitioning into the most digitalized and technologically advanced bank in Sri Lanka.

Annual Report of People's Bank presented to Hon. Prime Minister Mahinda Rajapaksa

People's Bank Chairman Sujeewa Rajapakse presented the People's Bank's Annual Report for the year 2020 to Hon. Prime Minister Mahinda Rajapaksa at the Temple Trees recently. Also present at the event were CEO/GM of People's Bank Ranjith Kodithuwakku, Head of Finance Azzam A. Ahamat and Head of Marketing Nalaka Wijayawardana.

PBIBU successfully completes SL's largest ever listed debenture issue

People’s Bank Investment Banking Unit (PBIBU) reached a new high in its track record by successfully ensuring oversubscription of the Ceylon Electricity Board (CEB) Debenture Issue of LKR 20 Billion, the largest ever Listed Debenture Issue in Sri Lanka.

Accordingly, CEB’s Senior, Unsecured, Listed, Redeemable, Rated Debentures with a maturity period of five (5) years was oversubscribed on the opening day itself thus consolidating PBIBU’s position as the undisputed leader in Investment Banking in Sri Lanka.

Picture Shows Mr. Ranjith Kodituwakku, CEO/GM of People’s Bank handing over a plaque to commemorate the historical transaction of CEB to GM (Eng) Mrs. Kumudini Herath in appreciation of the trust placed in People’s Bank Investment Banking Unit as the Managers to the Issue and People’s Bank as the Trustee and the Bankers to the Issue.

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