People’s Bank has been named amongst the ‘Top 1000 Banks’ in the world by The Banker Magazine UK for the 4th consecutive year. The Banker Magazine, published by the Financial Times in the UK, primarily ranks banks on basis of their Tier 1 capital. People’s Bank also achieved the highest Return on Equity among the largest banks in the country.
Sujeewa Rajapakse, Chairman of People’s Bank commented on this momentous occasion “To be able to achieve this ranking in the midst of the COVID-19 pandemic shows the banks’ ability to withstand even the most challenging of circumstances. We would like to thank our customers and stakeholders for their continued confidence in us and our staff for their continued commitment.”
People’s Bank also celebrates their 60th anniversary in 2021, has played a leading role during the current COVID-19 pandemic by keeping more than 70% of its branch network open to serve customers and providing over Rs.800 billion in financial relief to both businesses and individuals.
Ranjith Kodituwakku, Chief Executive Officer/ General Manger of People’s Bank also commented on this achievement “We couldn’t be prouder to have achieved this ranking for the 4th year in a row. It is a true testament to our commitment to both our nation and its people. We look forward to moving from strength to strength in the future.”
People’s Bank had been at the forefront of Sri Lanka’s digital banking sector, facilitating digital-financial penetration into rural areas and recording unparalleled levels of success in supporting the countries digital evolution.
People’s Bank has gained much local and international recognition over the last few years. They won the “Best Retail Bank in Sri Lanka” and “Best Digital Bank in Sri Lanka” awards at The Asian Banker Excellence in retail financial services awards for 2021, “Best Domestic Bank in Sri Lanka” award from Asia Money and several key accolades at the World Finance and International Business Magazine Awards. Additionally, The Banker Magazine named People’s Bank as one of the top 1000 banks in 2018, 2019, 2020 and now in 2021.
Further, ICCSL, CIMA, and the Daily FT newspaper included People’s Bank among the 10 Most Respected institutions in 2018, 2019 and 2020 consecutively. People’s Bank is the country’s Premiere Licensed Commercial Bank with Sri Lanka’s largest banking foot print comprised of 741 branches and service centers island wide. With a history spanning 60 years, the Bank benefits from a staff strength of close to 8,000 serving more than 14 million customers and close to 19 million account relationships – which is by far the largest for any Financial Services provider in country.