People’s Bank is Sri Lanka’s second largest financial services provider with over LKR 1.9 trillion in consolidated assets and accounting for close to 15% of Banking sector assets.
Established nearly six decades ago in 1961, the bank’s premier objective was to offer financial services to the grassroots of Sri Lanka’s national economy. It caters to customers with diverse socio economic and demographic profiles and organizations of varying nature, size and scope. The Bank plays a key role in partnering with the Government to further its socio-economic objects and is one of its largest lenders. It is also one of the largest contributors to the consolidated fund with over LKR 140 billion contributed in aggregate in taxes and dividends over the last 10 years alone.
The Bank benefits from an unmatched island-wide branch and service centre network and stemming there from, has the industry’s largest customer base. With close to 8,000 permanent employees, it is also one of the industry’s largest employers.
Read BMD october 2019 for more details…