People's Bank (Sri Lanka)

People's Bank is a state-owned commercial bank in Sri Lanka. Established on 1 July 1961, it has its head-offices at Sir Chittampalam A. Gardiner Street in Colombo. 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. People's Bank received a high national long-Term Rating of AA+ by Fitch Rating.[2]

People's Bank
Government-owned corporation
IndustryFinance
Founded1961
HeadquartersNo. 75, Sir Chittampalam A. Gardiner Mawatha, Colombo, Sri Lanka
Number of locations
 739 branches (2019)[1]
Area served
Sri Lanka
Key people
ProductsBanking, financial and related services
Revenue US$ 1.013 billion (2019)[1]
US$ 157 million (2019)[1]
US$ 70 million (2019)[1]
Total assets US$ 10.32 billion (2019)[1]
Total equity US$ 520 million (2019)[1]
Number of employees
7,836[1]
Websitewww.peoplesbank.lk//

History

People's Bank was inaugurated on 1 July 1961, by T. B. Ilangaratne, Minister of Commerce, Trade, Food and Shipping. The first branch was open at Duke Street, Colombo. During the year, eight more branches were opened in Polonnaruwa, Hingurakgoda, Hambantota, Anuradhapura, Puttalam, Matale and Kandy in addition on the Foreign Branch in Colombo. The total number of employees stood at 169.[1]

See also

References
  1. "People's Bank Annual Reports 2019" (PDF). People's Bank. People's Bank. January 30, 2020. Retrieved January 30, 2020.
  2. "Archived copy". Archived from the original on 2010-10-30. Retrieved 2010-11-13.CS1 maint: archived copy as title (link)


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