People's Bank (Sri Lanka) Community Support and Involvement

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People's Bank (Sri Lanka) has a strong commitment to community support and involvement. The bank actively engages in various initiatives to give back to the community.

One notable example is the bank's support for the National Blood Bank. People's Bank has been a long-time partner, providing financial assistance and resources to help the blood bank operate. This partnership has a direct positive impact on the community, saving countless lives through blood donations.

The bank's community involvement extends beyond financial support to also include volunteer work. Employees of People's Bank regularly participate in community service projects, demonstrating the bank's dedication to giving back.

For another approach, see: Blood Bank of Hawaii Dillingham

History of People's Bank

People's Bank was inaugurated on 1 July 1961, marking the beginning of its journey.

T.B. Ilangaratne, the Minister of Commerce, Trade, Food, and Shipping, played a key role in the bank's inception.

The first branch of People's Bank was opened on Duke Street, Colombo, setting the stage for its future growth.

Vintage Bank Building in Kuznetsk in Russia
Credit: pexels.com, Vintage Bank Building in Kuznetsk in Russia

By 1982, the bank had expanded rapidly, operating over 300 branches with a massive workforce of 10,000 employees.

This significant milestone was a testament to the bank's commitment to serving the community.

In 1984, People's Bank made a strategic move by acquiring The People's Merchant Bank, further solidifying its presence in the market.

Expansion and Growth

People's Bank has a long history of expansion and growth, with a presence in various parts of Sri Lanka.

The bank has a large network of branches, with over 250 branches island-wide, providing services to a wide range of customers.

Its extensive ATM network allows customers to access their accounts from anywhere, with over 1,000 ATMs located across the country.

People's Bank has also made significant investments in technology, enabling customers to conduct banking transactions online, through mobile banking, and via the bank's mobile app.

The bank's growth has been driven by its commitment to providing excellent customer service, with a team of experienced and dedicated staff working hard to meet the needs of its customers.

Its strong financial position has enabled the bank to expand its services, including the introduction of new products and services such as loans and credit cards.

On a similar theme: PNC Financial Services

Bank Services

A contemporary city skyline featuring tall buildings and a prominent bank at dusk.
Credit: pexels.com, A contemporary city skyline featuring tall buildings and a prominent bank at dusk.

People's Bank offers a wide range of convenient banking services.

Their customers can access their accounts online or through mobile banking, making it easy to manage their finances on the go.

They also provide a variety of payment services, including online bill payments and mobile wallet services.

You can even pay your utility bills, insurance premiums, and other dues using their online payment facility.

Their mobile banking app allows you to transfer money, check your account balance, and view your transaction history with just a few taps on your screen.

They also offer a range of credit cards with rewards and cashback offers, making it a great option for those who want to earn while they spend.

Their credit cards come with attractive interest rates, making it easier to manage your finances.

Their customers can also enjoy the convenience of having a debit card, which can be used to withdraw cash from ATMs and make purchases at merchants who accept debit cards.

You can even block your debit card or report it lost or stolen with just a few clicks on their mobile banking app.

People's Bank in Sri Lanka

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People's Bank in Sri Lanka is the largest state-owned bank in the country, with a long history dating back to 1957.

It was established under the Banking Act No. 30 of 1988 and was initially known as the People's Bank of Ceylon.

The bank's headquarters is located in Colombo, the commercial capital of Sri Lanka.

People's Bank has over 770 branches across the country, making it one of the most extensive banking networks in Sri Lanka.

The bank offers a wide range of financial services, including savings accounts, loans, credit cards, and insurance products.

It has a strong presence in rural areas, with a significant number of branches located in these regions.

Community Involvement

People's Bank is deeply committed to giving back to the community. They have been celebrating 76 years of Independence by offering gifts to newborns through their 'Birth of Freedom' programme.

Every year, People's Bank gifts Rs.2,000/- worth of an 'Isuru Udana' Gift Certificate to every baby born between the 1st and 14th of February. This programme was launched in 2006.

Credit: youtube.com, People's Bank Sri Lanka: We are led by social responsibility, not profit | World Finance

This thoughtful gesture instills national pride and encourages parents to plan for their children's future. Parents or guardians can open an 'Isuru Udana' Children's Savings Account at any People's Bank branch using the gift certificate along with the child's birth certificate.

The staff of People's Bank visits hospitals and gifts the certificates to the newborns in person, making it a special moment for the families. People's Bank Chairman Sujeewa Rajapakse symbolically presented 'Isuru Udana' gift vouchers and other gifts at the Castle Street Hospital for Women and De Soysa Hospital for Women in Borella.

In addition to gifting newborns, People's Bank also shows its support for the hospitals by renovating their facilities. They handed over a cheque to facilitate the renovation of sanitary facilities at Castle Street for Women.

Curious to learn more? Check out: Main Street Bank

Frequently Asked Questions

Who owns the People's Bank in Sri Lanka?

People's Bank in Sri Lanka is owned by the Sri Lankan government. It is a state-owned commercial bank.

How can I check my peoples bank account balance in Sri Lanka?

To check your People's Bank account balance in Sri Lanka, dial 1961 and follow the automated prompts. You can also access your balance via SMS or mobile by selecting your preferred option.

What is the rating of People's Bank Sri Lanka?

People's Bank Sri Lanka has a National Long-Term Rating of 'A(lka)' from Fitch Ratings, indicating a stable financial position. This rating reflects the bank's strong creditworthiness and stability.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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