People’s Bank ranked among ‘Most Admired Companies in Sri Lanka’, yet again

People’s Bank CEO/GM Clive Fonseka receiving the award. Head of Finance Azzam A. Ahamat also present

People’s Bank Chairman Sujeewa Rajapakse

Chief Executive Officer/General Manager Clive Fonseka

Head of Finance Azzam A. Ahamat

People’s Bank was yet again featured among the top 10 ‘Most Admired Companies of Sri Lanka’ for the 2022/23 financial year, organised by the International Chamber of Commerce of Sri Lanka (ICCSL), the Chartered Institute of Management Accountants (CIMA) and the Daily FT. 

Open for both listed and unlisted companies, the annual ‘Most Admired Companies of Sri Lanka’ Awards recognise companies that are a cut above the rest in terms of overall excellence. The winners are selected following a rigorous selection process conducted by an elite panel of local and international judges, where organisations are evaluated in terms of not just their financial performance but also the value they create for their shareholders, customers, employees, and the wider community in general. 

People’s Bank has been repeatedly lauded for proving its mettle with consistency, authority, and sustainable growth, delivering an excellent overall business performance. Over 62 years, People’s Bank has evolved from being a provider of financial solutions to the masses to a leader in the digital banking sphere that simplifies cutting-edge technology to benefit the entire nation. The bank, with the country’s largest customer base and physical/digital network, has established itself in a unique position to successfully reach over 14.7 million customers.

Commenting on the accolade, People’s Bank Chairman Sujeewa Rajapakse said, “We are immensely proud to be ranked amongst such great companies that have consistently generated excellent all-round performance in Sri Lanka. 

The fact that our entire team is driven, motivated, and bound by a common conviction that our contributions should fuel the nation’s progress, has been the main reason for this achievement. Through a range of measures taken to uphold high service standards, we have proved that State-owned organisations can also be excellent customer-oriented competitive business entities as well. I take this opportunity to thank all stakeholders of the bank including customers and staff for their unstinted support without which this achievement would not have been possible.”

People’s Bank CEO/GM Clive Fonseka commented, “Not resting on its laurels, People’s Bank has always been looking for novel ways to add value and convenience to its customers especially using cutting-edge technology. It also plays a unique role in the field of banking owing to its ability to combine sensitivity to the public aspirations that transcend mere profit motive. For example, our digital banking product offerings are among the best in the world and they also happen to be the country’s most popular. I wholeheartedly thank our valued customers and our most valuable asset, the staff members who made all this possible.”

Peoples’ Bank has the country’s largest banking customer base of 14.7 million and also the largest branch network of 747 physical contact points to serve them. 

The bank also provides its services 24 hours a day, 7 days a week, and 365 days a year via its Self-Banking Units amounting to over 290 across the island, enabling customers to conduct their transactions without having to visit a bank branch. 

The bank has also stamped its supremacy in the digital banking sphere with its mobile banking app People’s Wave being the country’s most downloaded banking app.