Inflation reaches a 41-year high; BoE to hike rates to 3.5%
The Bank of England is expected to increase interest rates to 3.5% or higher the next week, but officials are divided about how much tightening is necessary to combat dual-digit inflation as the industry enters a downturn.The governor of the Bank of England, Andrew Bailey, stated last month that additional rate increases were probably inevitable, […]
Swiss National bank sees a loss of about $143 billion in less than a year
In the first nine months of 2022, the Swiss National Bank (SNBN.S) reported a loss of 142.2 billion Swiss francs ($142.60 billion), as the worth of the central bank’s international investment was reduced by higher interest rates and the stronger Swiss franc.The loss, which was the biggest in the SNB’s 115 years history, was somewhat […]
People’s Bank recognized at SAFA Awards for its 2020 Annual Report
People’s Bank Annual Report 2020 was awarded the First Runner-up in the “Public Sector Banks” category at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards. People’s Bank Annual Report 2020 is the sixth Integrated Annual Report of the Bank and was designed and created under the theme of “Pride of the […]
People’s Bank recognized with multiple prestigious international awards
People’s Bank, Sri Lanka’s leading commercial bank, bagged multiple prestigious awards at the Global Business Review Magazine Awards 2022 and International Business Magazine Awards 2022 held recently. The Global Business Review Magazine awards won by People’s Bank included ‘Most Responsive Bank Sri Lanka 2022’, ‘Best Consumer Digital Bank Sri Lanka 2022’ and the ‘Best Development […]
People’s Bank and People’s Leasing join hands to introduce a Co-branded Credit Card
People’s Bank, together with Sri Lanka’s pioneering state-owned non-banking financial institution People’s Leasing & Finance PLC (PLC) launched co-branded credit cards – VISA Platinum and VISA Signature – at a special ceremony held at the PLC Head Office recently. This collaboration brings together two giants of the Banking and Finance industry to bring a credit […]
People’s Bank yet again ranked amongst the prestigious World’s Top 1000 Banks
People’s Bank, Sri Lanka’s leading Commercial Bank, was recently ranked once again amongst the World’s Top 1000 Banks by the prestigious Banker Magazine UK. The ranking cements People’s Bank’s position as one of the leading Banks on the planet. Founded in 1926 and read in over 180 countries, the Banker Magazine is a publication owned […]
People’s Bank launched two curated banking services packages with Elegance and Excelsior
People’s Bank, Sri Lanka’s Premier Licensed Commercial Bank, launched two new product offerings titled, Elegance and Excelsior, providing its customers with a comprehensive range of banking solutions designed to match their lifestyle needs. Elegance is a private banking facility that will complement and add value to the lives of high-net-worth individuals. Excelsior is a banking […]
Head of China’s central bank is set to resign amid a reorganisation
Yi Gang, the head of China’s central bank, is expected to resign after being expelled from an elite committee of the country’s Communist Party, according to sources close to the institution. A previous central banker is seen as the front-runner to follow him. Yi, 64, has been the focus of significant speculation regarding his likely […]
People’s Bank’s 2021 Annual Report recognised at the CMA Excellence in Integrated Reporting Awards 2022
People’s Bank, Sri Lanka’s Premier Licensed Commercial Bank, was recognised by the Institute of Certified Management Accountants of Sri Lanka (CMA) for its 2021 Annual Report as one of the top ten ‘Best Integrated Annual Reports” in the country at the recently concluded CMA Excellence in Integrated Reporting Awards 2022. The integrated reports are evaluated […]
People’s Bank recognized as one of Sri Lanka’s most outstanding workplaces for women at WFWP Awards 2022
People’s Bank was recognized as one of Sri Lanka’s most outstanding workplaces for women at the Satynmag CIMA Women Friendly Workplace Awards 2022. (WFWP Awards) 2022. The award was received by People’s Bank Deputy General Manager (Retail Banking) Renuka Jayasinghe, Deputy General Manager (Enterprise Banking) Krishani Narangoda and Acting Deputy General Manager (Human Resources) K. […]