Business

Credit facilities directly with foreign parties sans third party involvement : People’s Bank

People’s Bank today (15) stated that it is in an enviable position of being able to negotiate credit facilities directly with respective foreign parties without any third party involvement thus ensuring lowest costs and absolutely no room for corruption of any sort.

The Bank made this statement following with regard to certain opinions expressed or reported recently on media.

“People’s Bank, as a state owned entity and a bank that possesses the largest customer base and branch network in Sri Lanka, enjoys an unparalleled position of stability and security. As a result of the bank’s strong position of stability and highest level of professionalism maintained in its activities throughout the history, People’s Bank is enjoying strong mutually beneficial banking relationships with over 900 foreign banks,” the Bank noted.

Continuing its 60 years legacy of banking excellence, People’s Bank remains committed to serve all communities in the country upholding the highest level of professionalism, thus propelling the economic progress of Sri Lanka.