COLOMBO, August 27, 2025 (ePRESS) – People’s Bank, Sri Lanka’s leading financial services provider, has announced a historic achievement with an all-time post-tax profit (PTP) of LKR 28 billion for the first half of 2025.
For the period ending June 30, the Bank reported operating income of LKR 80.8 billion and a PTP of LKR 18.2 billion, despite heavy impairment charges on exposures to state-owned enterprises (SOEs).
Net interest income rose to LKR 69.3 billion, more than double the LKR 27.6 billion recorded in the same period last year. This was supported by timely repricing of assets and liabilities, pushing net interest margins up to 4.0 percent in 2025, compared to 3.4 percent at end-2024.
Fee and commission income also grew strongly, reaching a record LKR 8.0 billion, up 16.8 percent year-on-year. Operating expenses increased to LKR 33.4 billion from LKR 28.7 billion in 2024, while customer deposits climbed to LKR 3,125.3 billion and net loans rose to LKR 1,592.3 billion. Total assets expanded to LKR 3,571.8 billion from LKR 3,297.8 billion at end-2024.
Capital buffers remained healthy, with Tier I and Total Capital Adequacy Ratios at 12.0 percent and 16.9 percent respectively, while consolidated ratios stood at 13.2 percent and 17.6 percent.
CEO/General Manager Clive Fonseka hailed the results as a reflection of “dedication, resilience, and strategic agility” of the People’s Bank team in a tough operating environment. He noted that the strong profit was achieved even as the Bank sharply cut its exposure to SOEs, which dropped to 26.5 percent by mid-2025 from 42.8 percent a year earlier.
Chairman Professor Narada Fernando said the Bank’s record performance showed “sustained momentum since 2024 and progress across multiple fronts,” reinforcing People’s Bank’s position as a key driver of Sri Lanka’s banking sector.
