People’s Bank achieves pre-tax profit of Rs.43.7 b in 9mths’25
View(s):People’s Bank this week announced its financial performance for the nine months ending September 2025, delivering the best-ever results in the institution’s history.
The bank said in a media release that its standalone post-tax profit stood at Rs. 28.8 billion, marking the highest nine-month profit in its history.
With seven out of 10 Sri Lankans banking with 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.
Operating income stood at Rs. 121.9 billion, a substantial 99.4 per cent increase, supported by exceptional core earnings. Net interest income nearly doubled to Rs. 103.9 billion, driven by effective asset–liability repricing amid changing market conditions, resulting in an improvement of the bank’s net interest margin to 4 per cent, compared to 3.4 per cent 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.
While the bank’s solo results formed the foundation of its record performance, the group’s consolidated results also remained strong. Consolidated post-tax profit reached Rs. 30.5 billion, with operating income amounting to Rs. 139.5 billion, an 85 per cent growth over the previous year.
Commenting on the results, Chairman of People’s Bank, Professor Narada Fernando, said: “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.”
CEO/General Manager Clive Fonseka added: “I am proud to share that our third-quarter results mark the highest performance in our institution’s history—an achievement that reflects the strength of our shared purpose and the dedication of our teams across the country.”
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