State-owned People’s Bank reported a post-tax profit of Rs.18.2 billion for the quarter ended June 30, 2025, supported by strong operating income of Rs.80.8 billion. Net interest income rose sharply to Rs.69.3 billion, improving net interest margins to 4.0 percent from 3.4 percent in 2024. Customer deposits reached Rs.3,125.3 billion, while total assets grew to Rs.3,571.8 billion. Chairman Prof. Narada Fernando and CEO Clive Fonseka emphasised the bank’s strategic pivot toward private sector lending, SME financing, and innovation, reinforcing its role as a resilient state institution driving national economic growth.
