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

People’s Bank CEO/GM Ranjith Kodituwakku receiving the award 

People’s Bank was recently ranked among the coveted top 10 ‘Most Admired Companies of Sri Lanka’ for the 2019/20 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 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 lauded for proving its mettle with consistency, authority and sustainable growth, delivering an excellent business performance.

Over 59 years, People’s Bank has gone to great lengths to provide innovative financial solutions to its valued customers. The Bank, with its wide network and close relationship with its customer base, is uniquely placed to understand the hopes and dreams of every customer and dedicates its efforts to provide both knowledge and financial solutions that help them realise their financial aspirations. 

Commenting on the accolade, People’s Bank Chairman Sujeewa Rajapakse said, “We are proud to be ranked amongst the top 10 Most Admired Companies in Sri Lanka. Our enduring and meaningful relationship with our loyal customer base of 14 million has in turn inspired us to provide financial solutions to customers to enhance their lives and to fuel the economic engine. Also, some of Sri Lanka’s largest corporations today were supported by the Bank during their early stages. People’s Bank has always put the country first by focusing on empowering customers and industries to strengthen the nation’s economy. 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 Ranjith Kodituwakku commented, “People’s Bank has always been the pride of the nation, playing a pivotal role in offering simple and effective financial solutions to the masses. Continuing in this direction, the bank is now leading the digital revolution in banking sphere as well, offering simple yet effective digital banking solutions to add value to everyone’s day to day life. Recognitions such as this encourage us to commit ourselves with even greater resolve to move forward in this path. I also thank our valued customers and our most valuable asset, the staff members who made all this possible.”

People’s Bank’s digital offerings are impressive and have drawn industry-wide appreciation – with a real-time customer onboarding platform, People’s Wiz, the first for any bank in Southeast Asia, Africa, and the Middle East. People’s Wave, the mobile banking app, allows customers to carry out over 50 different banking transaction types from their mobile phone and remains as Sri Lanka’s most downloaded finance app.

The Bank’s dedication to customer care was most apparent during the lockdown, when over 70% of branches and all self-banking units remained operational. Its mobile banking units covered over 400 locations island-wide, including some of the hardest to access areas in the country. The bank also extended credit relief worth close to Rs. 300 billion to businesses and retail customers.

People’s Bank’s network of 739 branches and an extended ATM network of over 4,000 ATMs set up in partnership with Lanka Pay Gateway and the Bank’s network of Self Banking Units located island-wide empowers its customers to enjoy a convenient and efficient banking experience 24 hours, 7 days a week and 365 days a year, without having to visit a bank branch.