375:. The bank offer both retail and corporate banking services, with a network of 739 local branches, service centers and has an asset base of LKR 1.873 trillion (2019) with over 14 million customers. (70% local customers) People's Bank received a high national long-Term Rating of AA+ by Fitch Rating. People's Bank most awarded state-owned company such as "Green Plus" "Carbon Conscious Award". People's Bank became Sri Lanka's best performing bank. Bank mainly targets small and medium enterprise. India has extended multiple credit lines and currency support to Sri Lanka, aligning with its policy of prioritizing neighboring nations and fostering strong relationships as a friendly neighboring country.
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Following the passage of the
Banking Act 1988 by the Sri Lankan Government, the People's Bank Commercial Bank was set up to claim and work People's Bank and its auxiliaries. People's bank expanded outside Colombo in 1989, with support by the Ministry of Labour to arrange EPF outside Colombo.
402:
presented new banking soon after 1961 regulations in
Colombo took into consideration branch banking in the district, opening the bank's first branch outside Colombo in 1962 in Kandy. By 1977 the bank had 50 financial workplaces in the Western Province.
445:
gave the bank a "Trade Deal of the Year" award in 2020. In
November 2020 the company reported total assets of Rs. 2.1 trillion. The company served 200 island-wide Self Banking Units. Most urban area branches converted to digital banking protocol.
453:
PLC is a wholly owned subsidiary of the People's Bank.(which holds >75%) It is a leading finance and leasing company in Sri Lanka. People's
Leasing company started in 1996. It is the highest rated non-bank financial company in Sri Lanka.
436:
with individual financial balances. In 1990, the bank presented the People's card, which changed its name to PET in 1991. In the same year, the company installed the first successful ATM in
Colombo.
654:
1466:
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681:
982:
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People's
Leasing and Finance PLC is an auxiliary of People's Bank and trailblazer in offering some incentive added monetary administrations of Sri Lanka.
371:. The second largest commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in
473:
People's Bank offers a wide range of bank accounts in Sri Lanka, including transaction and saving accounts, term deposits, and oversea accounts.
457:
Bank launches loan program to local industries. It is called "Made in Sri Lanka". Its aims are to support small and medium business enterprises.
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The People's Bank was blacklisted by the
Chinese government on 29 October 2021 due to dispute over fertilizer imports from China.
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Company loss of more than Rs. 2 billion on 2019 due to mismanagement and
Government corruption, former chairman said.
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the bank launched rural credit scheme to make a small loans to groups of farmers and small scale businesses.
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In 1984, People's Bank acquired The People's
Merchant Bank, with branches in International Division and the
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1074:
543:
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630:"People's Bank highlights carbon management as key building block in 'People's Green Pulse' | Daily FT"
1120:
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387:, Minister of Commerce, Trade, Food, and Shipping. The first branch was opened on Duke Street,
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573:"Peoples Bank - Personal & Corporate Banking | Investments & Loans"
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In 1982 People's Bank was operating more than 300 branch with 10,000 employees.
1400:
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894:"People's Bank of Sri Lanka blacklisted by China - Latest News | Daily Mirror"
500:
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817:"Fitch Affirms People's Leasing & Finance at 'A+(lka)'; Outlook Stable"
28:
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1044:
766:"Expose': Loss of Rs. 2 billion to the Peoples Bank due to mismanagement"
134:
792:"People's Bank wins prestigious Trade Deal of the Year Award | Daily FT"
960:
868:"People's Bank launches 'Made in Sri Lanka' loans for local industries"
388:
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52:
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682:"India plays 'constructive role' in supporting Sri Lanka: Report"
587:"Ranjith Kodituwakku new CEO/GM at People's Bank | Daily FT"
964:
842:"People's Leasing upgrades and relocates its Kelaniya branch"
336:
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New innovations likewise permitted the direct connecting of
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Housing
Development Finance Corporation Bank of Sri Lanka
731:. People's Bank Sri Lanka. 21 March 2011. p. 223.
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945:"Who We Are - People's Leasing & Finance PLC"
383:People's Bank was inaugurated on 1 July 1961, by
1467:State owned commercial corporations of Sri Lanka
846:Adaderana Biz English | Sri Lanka Business News
80:No. 75, Sir Chittampalam A. Gardiner Mawatha,
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8:
655:"People's Bank Ranked Sri Lanka's Best Bank"
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710:harvnb error: no target: CITEREFIqbal1972 (
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18:State owned commercial bank in Sri Lanka
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160:Banking, financial and related services
1278:Merchant Bank of Sri Lanka and Finance
1238:Citizens Development Business Finance
705:
7:
598:
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544:"People's Bank Annual Reports 2020"
1406:Sri Lanka Interbank Payment System
1275:Mercantile Investments and Finance
1190:State Mortgage and Investment Bank
726:"People's Bank Annual Report 2010"
14:
1436:Institute of Bankers of Sri Lanka
1259:Lanka Credit and Business Finance
1226:Associated Motor Finance Company
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1217:AMW Capital Leasing and Finance
1291:People's Leasing & Finance
1176:(Pradheshiya Sanwardhana Bank)
451:People's Leasing & Finance
1:
1472:1961 establishments in Ceylon
1302:Sarvodaya Development Finance
1242:Commercial Credit and Finance
33:People's Bank logo since 2017
872:The Morning - Sri Lanka News
43:Government-owned corporation
321:People's Travels (Pvt) Ltd.
64:; 63 years ago
1493:
770:Sri Lanka News - Newsfirst
324:People's Merchant Bank PLC
1462:Banks established in 1961
1426:Central Bank of Sri Lanka
1295:People's Merchant Finance
1207:
1174:Regional Development Bank
1045:National Development Bank
1030:Commercial Bank of Ceylon
751:Central Bank of Sri Lanka
424:Expansion outside Colombo
26:
1214:Alliance Finance Company
680:Livemint (9 July 2023).
353:A branch of the bank in
1233:Central Finance Company
1180:Sanasa Development Bank
1136:Standard Chartered Bank
943:Efutures (1 May 2021).
270:(US$ 542.706 million)
204:(US$ 381.634 million)
1298:Richard Pieris Finance
1272:Mahindra Ideal Finance
1185:Sri Lanka Savings Bank
443:Asian Development Bank
357:
317:People's Leasing Group
248:(US$ 11.867 billion)
226:(US$ 75.432 million)
1169:National Savings Bank
477:Leasing & Finance
464:Products and services
408:1971 JVP insurrection
352:
246:Rs 2,400.567 billion
130:Mr. Sujeewa Rajapakse
1477:Banking in Sri Lanka
1284:Nation Lanka Finance
1121:Indian Overseas Bank
1040:Hatton National Bank
992:Banking in Sri Lanka
821:www.fitchratings.com
449:A+(lka) Fitch Rated
395:Expansion in Colombo
1431:Ministry of Finance
1323:U B Finance Company
1306:Senkadagala Finance
1141:State Bank of India
302:Ministry of Finance
279:Number of employees
268:Rs 139.111 billion
93:Number of locations
23:
1457:Banks of Sri Lanka
1220:Asia Asset Finance
1131:Public Bank Berhad
1050:Nations Trust Bank
898:www.dailymirror.lk
874:. 5 September 2020
848:. 2 September 2020
772:. 7 September 2019
743:"Banking Act 1988"
661:. 8 September 2020
610:on 30 October 2010
553:. 25 February 2021
358:
224:Rs 13.565 billion
202:Rs 25.078 billion
1444:
1443:
1414:
1413:
1356:
1355:
1320:Softlogic Finance
1314:Siyapatha Finance
1223:Assetline Finance
1200:Finance companies
1155:Specialised banks
1149:
1148:
919:"Savings Account"
385:T. B. Ilangaratne
363:is a state-owned
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185:
149:
141:Mr. Clive Fonseka
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1327:Vallibel Finance
1205:
1005:
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606:. Archived from
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192:Operating income
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176:235.529 billion
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604:"People's Bank"
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397:
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365:commercial bank
335:
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182:1.016 billion)
177:
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1401:LankaPay CEFTS
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1055:Pan Asia Bank
1053:
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1036:
1033:
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1028:
1026:
1025:Cargills Bank
1023:
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102:741 branches
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22:People's Bank
16:
1268:LOLC Finance
1065:Sampath Bank
1059:
948:. Retrieved
938:
926:. Retrieved
923:peoples bank
922:
913:
901:. Retrieved
897:
888:
876:. Retrieved
871:
862:
850:. Retrieved
845:
836:
824:. Retrieved
820:
811:
799:. Retrieved
795:
786:
774:. Retrieved
769:
760:
749:
737:
720:
701:
689:. Retrieved
685:
675:
663:. Retrieved
658:
649:
637:. Retrieved
633:
624:
612:. Retrieved
608:the original
581:
567:
555:. Retrieved
550:
511:Banks portal
480:
472:
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427:
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360:
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339:.peoplesbank
309:Subsidiaries
258:Total equity
236:Total assets
77:Headquarters
39:Company type
15:
1348:TKS Finance
1317:SMB Finance
1256:HNB Finance
1249:ETI Finance
1229:CBC Finance
1116:Indian Bank
1070:Seylan Bank
878:13 November
852:13 November
826:13 November
801:13 November
776:13 November
708:, p. 8
665:13 November
659:EconomyNext
639:13 November
614:13 November
111:Area served
1451:Categories
1263:LB Finance
1106:Habib Bank
1075:Union Bank
1015:Amana Bank
903:3 November
706:Iqbal 1972
518:References
406:After the
214:Net income
123:Key people
1361:Interbank
1035:DFCC Bank
950:3 January
928:3 January
796:www.ft.lk
691:23 August
634:www.ft.lk
434:Visacards
369:Sri Lanka
116:Sri Lanka
86:Sri Lanka
1380:LankaPay
1368:Networks
1126:MCB Bank
1096:Citibank
485:See also
157:Products
135:Chairman
49:Industry
1336:Defunct
1084:Foreign
389:Colombo
379:History
373:Colombo
332:Website
165:Revenue
82:Colombo
67: (
59:Founded
53:Finance
1375:Cirrus
1165:(HDFC)
557:12 May
297:Parent
290:(2020)
288:7,692
272:(2020)
250:(2020)
228:(2020)
206:(2020)
184:(2020)
104:(2020)
1008:Local
746:(PDF)
729:(PDF)
547:(PDF)
355:Kandy
1385:Plus
1111:HSBC
952:2022
930:2022
905:2021
880:2020
854:2020
828:2020
803:2020
778:2020
712:help
693:2023
686:mint
667:2020
641:2020
616:2010
559:2021
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341:.lk
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