Company type | Government-owned corporation |
---|---|
Industry | Finance |
Founded | 1961 |
Headquarters | No. 75, Sir Chittampalam A. Gardiner Mawatha, Colombo, Sri Lanka |
Number of locations | 747 branches (2024)[1] |
Area served | Sri Lanka |
Key people | |
Products | Banking, financial and related services |
Revenue | Rs 235.529 billion [1] (US$ 1.016 billion) (2020) |
Rs 25.078 billion [1] (US$ 381.634 million) (2020) | |
Rs 13.565 billion [1] (US$ 75.432 million) (2020) | |
Total assets | Rs 2,400.567 billion [1] (US$ 11.867 billion) (2020) |
Total equity | Rs 139.111 billion [1] (US$ 542.706 million) (2020) |
Number of employees | 7,692 (2020)[1] |
Parent | Ministry of Finance |
Subsidiaries |
|
Website | www |
People's Bank is a state-owned commercial bank in Sri Lanka. 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 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. (70% local customers) People's Bank received a high national long-Term Rating of AA+ by Fitch Rating.[4] People's Bank most awarded state-owned company such as "Green Plus" "Carbon Conscious Award".[5] People's Bank became Sri Lanka's best performing bank. Bank mainly targets small and medium enterprise.[6] 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.[7]