People's Bank 'goes easy on interest rates

People's Bank has reduced their interest rates on loan and overdraft facilities to between 1% and 2%.

This has been made in accordance with the decision taken by the Central Bank of Sri Lanka to financially support the Government's initiative to develop the nation. The above mentioned change in the rates of interest will apply to any new loan and overdraft facility as well as to those which have been approved but with funds hitherto unrealised.

Agriculture, Fisheries, Animal Husbandry, Dairy, Micro Finance Loans for Small and Medium Enterprises, Housing and Construction, Service Sectors and Exports are the fields that will benefit from this reduction of interest rates.

By this customer friendly 'gesture' People's Bank, the bank that has won the hearts of the nation, continues to fulfil the aspirations of its people. The benefits to be gained will not only develop the people, but the country as well.