Industry Analysis

People’s Bank Relocates Galkiriyagama Branch to New Premises

People’s Bank has recently relocated its Galkiriyagama branch to a new, more spacious location. The new premises offer enhanced convenience for customers and a full range of services supported by the latest digital banking technology. The relocation event saw the participation of People’s Bank senior management, including Anuradhapura Regional Manager Asitha Danawalawithana, Assistant Regional Managers

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Business

People’s Bank and Dialog Axiata Offer Exclusive Credit Card Discounts

People’s Bank and Dialog Axiata PLC have teamed up to offer exclusive discounts for People’s Bank credit cardholders, enhancing digital accessibility with substantial savings on technology and services. Starting July 26, 2024, People’s Bank credit cardholders will enjoy attractive discounts on Dialog mobile phones, accessories, Home Broadband, and Dialog Television services. This partnership aims to

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Business Planning

Sri Lanka Launches Interest-Free Loans for Agricultural Modernisation

In a major boost to Sri Lanka’s agricultural sector, a Memorandum of Understanding (MoU) was signed yesterday at the Presidential Secretariat to provide interest-free loans to agribusiness entrepreneurs and farmers. This marks the beginning of the Agricultural Modernisation Program’s first phase. The MoUs were formalized between the Bank of Ceylon, the Regional Development Bank, and

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Finance

Sri Lanka Approves Five Firms for Airport Foreign Exchange Counters

Sri Lanka’s cabinet has approved five companies to operate foreign exchange counters at Bandaranaike International Airport, according to Minister Bandula Gunawardana. Following a competitive tender process, the selected firms are Bank of Ceylon, People’s Bank, Sampath Bank, Commercial Bank, and Thomas Cook. The franchise agreements will be effective for three years.

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Business

People’s Bank Submits 2023 Annual Report to the President

People’s Bank Chairman Sujeewa Rajapakse recently presented the bank’s Annual Report for the year 2023 to President Ranil Wickremesinghe at the Presidential Secretariat in Colombo 01. This event highlighted the bank’s commitment to transparency and accountability by sharing its financial performance and achievements with the government and stakeholders. The presence of People’s Bank Chief Executive

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