ECONOMYNEXT – Sri Lanka’s People’s Bank said it had posted pre-tax profits of 43.7 billion rupees for the nine months to September 2025 and 28.8 billion rupees in after tax profits.
Bank level operating income was 121.9 billion rupees up 99.4 percent with net interest income nearly doubling to 103.9 billion rupees.
The bank’s net interest margin improved to 4.0 percent compared to 3.4 percent in December 2024.
Fees and commissions for the period, reached 12.2 billion rupees, the highest ever, which the bank said reflected strong customer activity and higher transactional volumes.
Bank level assets grew to 3.6 trillion rupees, deposits to 3.2 trillion, and net loans 1.6 trillion rupees.
The Tier I capital adequacy ratio was 11.5 percent and Total Capital at 16.0 percent after prudential deductions, including those related to the State-Owned Enterprise restructuring.
Liquidity levels were above regulatory minimums, with the rupee liquidity coverage ratio was 287.0 percent.
Group post-tax profit reached 30.5 billion rupees, with operating income of 139.5 billion rupees, up 85.0 percent from the year earlier.
Consolidated gross income was 312.8 billion, and consolidated assets reached 3.9 trillion rupees.
Consolidated net interest margins reached 4.3 percent.
“The steady normalization of previously challenged areas demonstrates the depth of the progress made, positioning People’s Bank to support the government’s economic agenda while maintaining consistent and responsible profitability as a strong state institution,” People’s Bank Chairman Narada Fernando said in a statement
“Despite ongoing macroeconomic complexities, we remain firmly committed to advancing our strategic priorities, driving innovation, and enhancing collaboration to deliver secure, seamless, and modern financial services to our customers.”
“Our focus on expanding financial inclusion continues to guide our efforts to ensure that all Sri Lankans can benefit from the country’s economic recovery.”
The nine-month results were the highest in the bank’s history.
“Importantly, these results were delivered while the Bank was undergoing a robust business model transformation, shifting from a long-standing emphasis on state-sector financing toward competing more vigorously for private-sector business,” Chief Executive Officer/General Manager Clive Fonseka said.
“This strategic repositioning, supported by operational excellence, customer-centric transformation, and strategic digital investments, has strengthened our foundation and enhanced agility, enabling us to deliver greater value to customers and stakeholders.”
People’s Bank 5.7 million digital onboardings and 4.0 million mobile banking app registrations by end-September 2025 showing rapid adoption of its digital platforms, contributing to financial inclusion. (Colombo/Nov27/2025)
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