People’s Bank has reported the strongest financial results in its history for the nine months ending 30 September 2025, reinforcing its position as one of Sri Lanka’s most influential financial institutions. With seven in ten Sri Lankans banking with the institution, and one in five retail and business loans in the country originating from it, the Bank said the latest performance further solidifies its national footprint.
The Bank’s solo performance was the main contributor to its record-breaking results. It posted a standalone post-tax profit of LKR 28.8 billion — the highest nine-month profit ever recorded — despite substantial impairments related to several State-Owned Enterprises. Solo operating income rose sharply to LKR 121.9 billion, a 99.4% year-on-year increase, supported by strong core earnings. Net interest income nearly doubled to LKR 103.9 billion, aided by effective asset–liability repricing, which lifted the net interest margin to 4.0%, up from 3.4% in December 2024.
The Bank also reported its highest-ever net fees and commissions for the period at LKR 12.2 billion, reflecting increased customer activity and higher transactional volumes.
People’s Bank’s balance sheet continued its steady expansion, with total solo assets reaching LKR 3.6 trillion, deposits LKR 3.2 trillion, and net loans LKR 1.6 trillion. Capital adequacy remained robust, with Tier I capital at 11.5% and total capital at 16.0%, even after absorbing all prudential deductions, including those linked to SOE restructuring. Liquidity buffers also stayed comfortably above regulatory thresholds, with the rupee Liquidity Coverage Ratio at 287%.
The Group’s consolidated results further strengthened the overall performance. Consolidated post-tax profit rose to LKR 30.5 billion, supported by consolidated operating income of LKR 139.5 billion — an 85% increase from the previous year. Consolidated gross income climbed to LKR 312.8 billion, while consolidated assets expanded to LKR 3.9 trillion. Consolidated net interest margins improved to 4.3%, reflecting disciplined margin management and operational efficiency across subsidiaries.
The Bank also reported continued momentum in its digital transformation drive, recording 5.7 million digital onboardings and 4.0 million registrations on its mobile banking app by end-September. The Bank said these figures underscore its status as the most accessible and inclusive financial services provider in the country.
Commenting on the results, Chairman Professor Narada Fernando said the Bank’s performance reflected “sustained strength and resilience,” noting that previously challenged areas had stabilised significantly.
“These results position People’s Bank to support the government’s economic agenda while maintaining responsible profitability as a state institution,” he said. “Our focus remains on advancing our strategic priorities, driving innovation, and widening financial inclusion to support a more resilient and prosperous future for all Sri Lankans.”
Chief Executive Officer and General Manager Clive Fonseka said the results marked the highest performance in the Bank’s history.
“This achievement reflects our strengthened business model, including a shift from a traditional emphasis on state-sector financing toward more competitive private-sector engagement,” he said. “Operational excellence, customer-centric transformation, and strategic digital investments have enhanced our agility and enabled us to deliver greater value.”
