People’s Bank ranked amongst world’s Top 1000 Banks yet again

People’s Bank has been named amongst the Top 1000 Banks in the world by The Banker Magazine UK for the fourth consecutive year. 

The Banker Magazine, published by the Financial Times in the UK, primarily ranks banks on the basis of their Tier 1 capital. People’s Bank also achieved the highest return on equity among the largest banks in the country. 

People’s Bank Chairman Sujeewa Rajapakse commented on this momentous occasion.

“To be able to achieve this ranking in the midst of the COVID-19 pandemic shows the bank’s ability to withstand even the most challenging of circumstances. We would like to thank our customers and stakeholders for their continued confidence in us and our staff for their continued commitment.”

People’s Bank also celebrates its 60th anniversary in 2021. It has played a leading role during the current COVID-19 pandemic by keeping more than 70 percent of its branch network open to serve customers and providing over Rs.800 billion in financial relief to both businesses and individuals.

People’s Bank Chief Executive Officer/General Manger Ranjith Kodituwakku also commented on this achievement.

“We couldn’t be prouder to have achieved this ranking for the fourth year in a row. It is a true testament to our commitment to both our nation and its people. We look forward to moving from strength to strength in the future.”

People’s Bank had been at the forefront of Sri Lanka’s digital banking sector, facilitating digital financial penetration into rural areas and recording unparalleled levels of success in supporting the country’s digital evolution. 

People’s Bank has gained much local and international recognition over the last few years. It won the Best Retail Bank in Sri Lanka and Best Digital Bank in Sri Lanka awards at The Asian Banker Excellence in retail financial services awards for 2021, the Best Domestic Bank in Sri Lanka award from Asia Money and several key accolades at the World Finance and International Business Magazine Awards. Additionally, The Banker Magazine named People’s Bank as one of the top 1000 banks in 2018, 2019, 2020 and now in 2021.

Further, ICCSL, CIMA and the Daily FT newspaper included People’s Bank among the 10 Most Respected institutions in 2018, 2019 and 2020 consecutively.