People's Bank - Kandy

Bank History

Peoples Bank, chartered in 1901, is the oldest and largest bank in Crawford County, with offices in Cuba, Steelville, Bourbon and Sullivan. The bank’s assets have grown from $14,168.20, less than today’s average CD account, to more than $200 million. More importantly, Peoples Bank has remained committed to community growth and development throughout its 119 year history.
This commitment began with the bank’s founders and continues today. Frank Fishwick served as the bank’s first president, with J.M. Munro, M.S. Barnett, Ebenezer Simpson and John W. Waller as members of the first board of directors. C.R. Hitch was elected president in 1917, followed by J.M. Munro the same year. In 1920, A.J. Barnett, who had been the cashier from the time the bank was formed, was elected president and served for 39 years. After his death in 1959, he was succeeded by his son W. James Barnett. In 1975, W. James Barnett, Jr. became president. He was elected chairman of the board in 1994 when Ken Holland was chosen to serve as president. In 2007, Doug Lasley became president, with Barnett continuing as chairman. Holland retired in 2009. Doug Lasley retired in 2017 and continues to serve on our board and Joe Hayden was named president.

Our Vision
To be recognized as Sri Lanka’s undisputed market leader for financial services.

Our Mission
We are in the business of providing financial services that contribute to the quality of life, and enterprise development, via affordable, accessible, and efficiently delivered solutions
We empower and develop our human resources, so that they will care for and protect our customers
We contribute to national economic development, while being competitively profitable
We believe in ‘giving back’ to the society we operate in, while being sustainable in our business practices

Our Operational Highlight
1. Over 58 Years in Banking Service
2. Number of outlets increased up to 739
3. Number of ATMs increased to 755, CDMs increased to 270, SCDMs increased to 45 & Kiosks increased to 222
3. Customer Accounts over 19 million
4. Value of deposits increased to over Rs.1.49 Tn
5. Total Assets Base increased to over 1.87 Tn
6. External Ratings AA+ (lka) Fitch Rating & AAA- Brand Finance Rating
7. Total contribution to Government of Sri Lanka LKR 19.8 Bn for the year 2019