People's Bank Sri Lanka

Key details

• Parent: branches

Overview

People's Bank Sri Lanka is Sri Lankan state-owned commercial bank + Government of Sri Lanka via Ministry of Finance fully owned + Sri Lanka's #2 state-owned commercial bank by branches + founded Jul 1 1961 under People's Bank Act No. 29 of 1961 by the Sri Lankan government as Sri Lanka's first state-owned cooperative commercial bank ^{1, Sri Lanka report}.

History

Jul 1 1961 — People's Bank founded under People's Bank Act No. 29 of 1961 by the Sri Lankan government as Sri Lanka's first state-owned cooperative commercial bank distinctive Sri Lankan banking heritage.

2014 — People's Bank Mobile banking app launch.

Ownership & operator

Operating entity: People's Bank (Sri Lankan state-owned commercial bank; Government of Sri Lanka fully owned).

Major shareholders: Government of Sri Lanka (Ministry of Finance) fully owned.

Regulators: CBSL Central Bank of Sri Lanka.

Technical integration

People's Bank Mobile app (iOS + Android) + peoplesbank.lk online + People's Bank branch network across Sri Lanka + People's Bank Visa + Mastercard cards; LK IBAN + LankaQR.

Implementations & partners

Major Sri Lankan banking + payments competitors: Bank of Ceylon (Bank of Ceylon BoC; Sri Lankan state-owned commercial bank; Sri Lanka's largest commercial bank by assets) + Commercial Bank of Ceylon (ComBank Digital) (Commercial Bank of Ceylon ComBank; CSE: COMB; Sri Lanka's largest private commercial bank by assets) + Hatton National Bank (Sri Lanka) (Hatton National Bank HNB; CSE: HNB; Sri Lanka's #2 private commercial bank by assets) + Sampath Bank (Sri Lanka) (Sampath Bank; CSE: SAMP; Sri Lankan commercial bank) + DFCC Bank (DFCC Bank; CSE: DFCC; Sri Lankan commercial bank) + Seylan Bank (Seylan Bank; CSE: SEYB; Sri Lankan commercial bank) + NDB Bank (NDB Bank National Development Bank; CSE: NDB; Sri Lankan commercial bank) + Nations Trust Bank (Nations Trust Bank; CSE: NTB; Sri Lankan commercial bank) + LankaQR (LankaQR Sri Lankan national QR payment scheme).

Regulators: CBSL Central Bank of Sri Lanka.

Status

Active, Sri Lankan state-owned commercial bank + Government of Sri Lanka via Ministry of Finance fully owned + Sri Lanka's #2 state-owned commercial bank by branches + founded Jul 1 1961 under People's Bank Act No. 29 of 1961 by the Sri Lankan government as Sri Lanka's first state-owned cooperative commercial bank ^{1, 2}.

Sources

• 1 People's Bank — official
• 2 People's Bank — Wikipedia
• ^{Sri Lanka report} In-corpus: reports/countries/LK-sri-lanka.md

Source

Biography extracted from peoples-bank-srilanka.md. See matrix.md for standards-support matrix if present.