People’s Bank amongst ‘World’s Top 1,000 Banks’ on a consolidated Tier 1 basis

Wednesday, 15 July 2020 00:00 - - {{hitsCtrl.values.hits}}

Amongst ‘Top 200’ on Return on Capital

People’s Bank once again made its mark by securing its place amongst the ‘Top 1000 Banks in the

People’s Bank CEO/GM

Ranjith Kodituwakku

World’ – a ranking carried by the prestigious Banker Magazine United Kingdom, a publication by the Financial Times. More importantly, the bank was ranked amongst the ‘Top 200’ in terms of Return on Capital – a rare feat.

Commenting on the ranking, People’s Bank’s Chairman Sujeewa Rajapakse stated: “As a State bank, People’s Bank’s role is dual – one, to support the Government further its national economic objects and, two, to create sustainable value for the benefit of all its stakeholders. In this context, the bank’s ability to consistently be amongst the ‘Top 1000’ and amidst different circumstances and, to be ranked amongst the Top 200 for shareholder value added, ultimately attests to the level of success and performance.

Needless to say, excellence is a process and we remained focused on consistently raising the bar of performance on a 360 degree basis.

“At present, we remained focused on making every effort reasonably possible to support the Government in its many initiatives to revive the economy. We take the opportunity to thank our customers for their continued confidence and our employees for their unwavering commitment. People’s Bank’s successes are ultimately yours.”

People’s Bank’s Chief Executive Officer/General Manager Ranjith Kodituwakku stated: “The ranking is the end result of many initiatives both from a business and operational perspective as undertaken by the bank over the years. At present, all our energy is being channelled towards offering relief to all those distressed by the COVID-19 pandemic and to create ease of access to funding. There have been numerous loan schemes launched/re-launched to cater to the diverse needs of the market at highly concessionary rates of interest. Our doors remain always open – as demonstrated in the most difficult circumstances in our living memory.”

At present, People’s Bank has a network of 739 branches across the country serving a total of over 13 million customers. With the objective of providing a highly-efficient service to customers by leveraging the latest technology, all the branches of People’s Bank are digitally empowered. While these branches are located in every town, district and province across the island, the network has grown to a total of 755 Automated Teller Machines (ATMs), 270 Cash Deposit Machines (CDMs) and 220 Kiosks.