People’s Bank ranked amongst the world’s ‘Top 1000 Banks’ yet again

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.

S u j e ewa Rajap a k s e, 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.