People\u2019s Bank, one of Sri Lanka\u2019s leading banking and financial institutions, celebrated its 65th anniversary on July 1, marking six and a half decades of dedicated service to the nation.<\/p>\n\n\n\n
Since its establishment in 1961, the Bank has played a pioneering role in expanding access to formal banking services, promoting financial inclusion and supporting the country\u2019s economic and social development. Today, People\u2019s Bank continues to build on this legacy through innovative digital banking solutions that empower customers and reach even the most remote communities across Sri Lanka.<\/p>\n\n\n\n
With consolidated assets exceeding Rs. 3.7 trillion, People\u2019s Bank stands as a national leader, making a significant contribution to Sri Lanka\u2019s socio-economic development. Its customer-centric approach has enabled the Bank to deliver a comprehensive range of financial solutions through innovative digital platforms.<\/p>\n\n\n\n
Today, People\u2019s Bank operates an extensive network of 745 branches and Service Centres, supported by more than 8,100 dedicated employees. The Bank\u2019s forward-thinking network of over 300 Self Banking Units (SBUs) enables customers to access banking services 24 hours a day, seven days a week, without visiting a branch. Serving more than 15.2 million customers, People\u2019s Bank holds the distinction of having the largest customer base among Sri Lanka\u2019s commercial banks.<\/p>\n\n\n\n
Last year, People\u2019s Tower, the new head office building of People\u2019s Bank, was opened at Dr. Colvin R. de Silva Mawatha, Colombo 2.<\/p>\n\n\n\n
The opening of the new head office marked a significant milestone in the history of banking and finance in Sri Lanka. It symbolises not only the Bank\u2019s growth but also the nation\u2019s broader economic progress, while providing a strong foundation for the continued expansion of the Bank\u2019s services.<\/p>\n\n\n\n
Established under Act No. 29 of 1961 with the objective of strengthening the cooperative sector, rural banking, and local communities, People\u2019s Bank was founded by the then Minister of Trade, Food, Co-operatives and Shipping, T. B. Ilangaratne, under the leadership of Prime Minister Sirimavo Bandaranaike. The Bank\u2019s first Chairman, Vincent Subasinghe, played a pivotal role in transforming the cooperative banking sector by introducing Sinhala and Tamil into banking operations, making financial services more accessible to the wider public.<\/p>\n\n\n\n
People\u2019s Bank was the first to introduce a range of retail savings products, including children\u2019s savings accounts and dedicated savings schemes for women. The Bank also pioneered pawning services in 1961 by offering enhanced security and attractive interest rates. These innovations revitalised the sector and helped cultivate a strong savings culture across the country.Beyond traditional banking, People\u2019s Bank continues to play a vital role in national development by supporting key sectors such as exports, education, healthcare, agriculture, and infrastructure.<\/p>\n\n\n\n
Guided by its values of service and inclusion, People\u2019s Bank continues to support community development through its flagship CSR programme, Mahajana Mehewara, which focuses on improving access to education, healthcare, religious institutions, and environmental sustainability initiatives. In commemoration of its 65th anniversary, People\u2019s Bank has also pledged Rs. 300 million to the Government\u2019s Rebuilding Sri Lanka Fund to support the construction of a multi-storey housing project in the Nuwara Eliya District for families affected by Cyclone Ditwah.<\/p>\n\n\n\n
As it celebrates 65 years of dedicated service, People\u2019s Bank remains steadfast in its commitment to innovation, customer-centricity, and digital transformation, creating sustainable value for its stakeholders while supporting Sri Lanka\u2019s journey towards inclusive economic growth.<\/p>\n\n\n\n
Source: Daily News<\/p>\n","protected":false},"excerpt":{"rendered":"
People\u2019s Bank, one of Sri Lanka\u2019s leading banking and financial institutions, celebrated its 65th anniversary on July 1, marking six and a half decades of dedicated service to the nation. Since its establishment in 1961, the Bank has played a […]<\/p>\n","protected":false},"author":2,"featured_media":16946,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16945"}],"version-history":[{"count":1,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16945\/revisions"}],"predecessor-version":[{"id":16947,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/posts\/16945\/revisions\/16947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=\/wp\/v2\/media\/16946"}],"wp:attachment":[{"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterprisenews.lk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}