People’s Bank recognised by ‘The Next 100 Global Awards’ for Investment Banking

Monday, 20 February 2023 01:40 - - {{hitsCtrl.values.hits}}

Chairman Sujeewa Rajapakse (left) and Actg. CEO/General Manager Clive Fonseka

People’s Bank was recognised as one of ‘The Next 100 Global Companies’, by the Global Banking and Finance Review recently.

This award recognises institutions that have illustrated excellence in particular areas of expertise within the global financial community. The People’s Bank Investment Banking Unit was applauded for its ability to evolve and meet its customer’s needs with a proper strategy that is progressive and innovative manner.

Chairman Sujeewa Rajapakse said: “I must commend my team for being included among ‘The Next 100 Global Companies’ for the second consecutive year. It’s our ability to evolve as a bank that has enabled us to be recognised by many leading global organisations. With our group synergies and the strength of the bank, People’s Bank Investment Banking Unit has created a name for itself in the capital market. We have been identified as one of the best and most innovative solution providers, within a relatively short period. It is our strategic focus on creating value for our customers that have allowed us to reach these goals.”

Acting CEO/General Manager Clive Fonseka said: “People’s Bank is known as the pride of the nation because we pride us on understanding the changing preferences of our custom-ers. In 2011 we set up People’s Bank Investment Banking Unit, to focus on the rapidly growing economy of the country and its capital markets (debt and equity). We are proud to have successfully completed 28 debenture issues since the inception in which we have managed to generate more than Rs. 165 billion for the issuers. Our investment banking unit provides a wide range of services to our customers, including financing and advisory services, initial public offerings, debt structuring, fixed-income security trading, loan syndications, custodian, trustee services and securitisation. We are very proud of the achievements made by the team at People’s Bank.”