Current Rates

Fixed Deposit Rate - 3 Months

10.25% p.a

Loan Rate - Residential Housing

14.5% - 16.00% p.a

Loan Rate - Personal Loans

16.00% - 16.5% p.a

Pawning Rate

18% p.a

*Conditions Apply

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Trade Finance Department provides services for many exporters and importers who are aggressively venturing out across the borders. People’s Bank’s network of over 1000 correspondents in 110 countries gives your business the global edge with cutting edge technology, commitment, and decades of superior experience in handling high-value transactions. Our primary objective is to enhance customer value, and assist them in the speedy settlement of international commercial transactions while providing safety for the parties involved.

People's Bank as your Trade Facilitator

With a proud history as a State Bank, People’s Bank, International Banking Division has been providing financial solutions for the mutual benefit of Institutional and Corporate clients who are aggressively venturing out across the borders during last 50 years. Being an entity with a long tradition of excellence, we offer the knowledge; expertise and support that businesses need to flourish in the international market through providing:

  • Access to a global network of over 1000 overseas correspondents spanning 110 countries to facilitate the international trade financing.
  • Very competitive and flexible exchange rates and interest rates in the industry.
  • Centralized core service available through an extensive branch network of 737 branches spread island wide.
  • Advisory services to suit the customers' requirements.
  • Easy access via E-mail, SMS and Internet Banking.
  • Less turnaround time to cater urgent customer obligations.
  • Online payment service for Customs duty/taxes and Port charges/levies.
  • Foreign currency denominated time/savings deposits at competitive rates.
  • Quick handling of Inward Remittances and External Fund Transfers, RTGS (Inward/Outward), REPO, SLIPS and Salary Payments.
  • All trade facilities under One Roof. (Domestic and Off Shore customers)
  • Customer awareness program on International Trade Finance.
  • Flexible customer hours.
  • High service quality backed by ISO 9001:2008 Certification.
Export solutions on offer
  • Speedy Export Documentary Credit Advising and adding Confirmation at very competitive rates.
  • Transferring Documentary Credit at minimum transferring cost.
  • Documents Examination Services by trade staff to ensure trouble-free processing.
  • Negotiation of Export Documents under Letters of Credit.
  • Purchase of Export Documents under D/A and D/P terms.
  • Forward Exchange Contracts with Options, Issuance of Drafts and Remittances against Export Proceeds.
  • Regular follow-up for Payments under Export Bills.
  • Flexible Export Financing for Pre and Post Shipment in Local and Foreign Currencies.
  • Fast and Secure dispatching of Export Documents on behalf of customers.
Import Solutions on offer
  • Flexible and Customized Letter of Credit issuance for Retail and Corporate customers at competitive rates within one day.
  • Confirmation arrangement through Global Bank Network Worldwide.
  • Handling of Import Bills under LC (Sight/Usance)
  • Easy, Fast and Efficient Documentary Collection services ( DP and DA Terms)
  • Notification of Arrival of Shipping Documents via E- mail and SMS.
  • Examination of Documents by Expertise and Experienced staff.
  • Effective delivery of Import Documents to Customers and Online Customs Web updation for easy clearance of consignments.
  • Effect payments to suppliers in an Efficient and Effective manner.
  • Follow up and Tracer facility for payment and acceptance.
  • Providing finance to meet payment obligations in the form of Short Term Loans, Trust Receipt Loans and Hypothecation Loans.
  • Processing Shipping Guarantees and Endorsement of invoices enabling customers to clear consignments quickly.
Other Services
  • Issuing and Advising of Local and Foreign Bank Guarantees Speedily at Competitive Rates.
  • Individual service of checking and drafting of Guarantees in line with International Standards and Legal requirements.
  • Issuance of Line of Credit facilities.
  • Professional advice for Guarantee procedures and the Risk Mitigation process.
  • Invoice Discounting Facilities.
  • Easy access to obtain status report on buyers/sellers for safe trade finance transactions.
  • Speedy and Safe Outward Remittance for importation of goods under Advance Payment, Service Payments and Open Account basis.
Contact Information
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