People's Bank posts Rs. 43.7 b PBT in 9M

PEOPLE'S Bank has reported a Profit Before Tax (PBT) of Rs. 43.7 September delivering the bestbillion for the nine months ended 30 2025, ever results in the institution's history.

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With seven out of 10 Sri Lankans with banking People's Bank and one out of every five retail and business loans in the country originating from the bank, this exceptional performance reinforces its position as the most trusted and influential financial services provider in Sri Lanka, it said in a statement.

The bank's solo performance was the primary driver of this recordbreaking achievement.

People's Bank reported a standalone post-tax profit of Rs. 28.8 billion, marking the highest 9M profit in its history. This performance was recorded despite booking a significant amount as impairments on behalf of a few State-owned enterprises (SOEs).

Solo operating income stood at Rs. 121.9 billion, a substantial 99.4% increase, supported by exceptional core earnings after recording a gross income of Rs. 284.4 billion.

Net interest income nearly doubled to Rs. 103.9 billion, driven by effective asset-liability re-pricing amid changing market conditions, resulting in an improvement of the bank's net interest margin to 4%, compared to 3.4% in December 2024. The bank also recorded its highest-ever net fees and commissions for the period, reaching Rs. 12.2 billion, reflecting strong customer activity and strengthened transactional volumes.