People's Merchant Bank opens branch in Trincomalee

Peoples Merchant Bank PLC (PMB), an associate company of Peoples Bank, as a part of its expansion program, opened its 9th branch at Trincomalee, on June 28, 2010 with Minister of Economic Development Basil Rajapaksa as cheif guest.

Economic Development Minister Basil Rajapaksa at the opening.

In his welcome speech, Managing Director/CEO of People's Merchant Bank Anura Wickramasinghe, touched on PMB's entry into the largest city in the North East, in its rapidly growing network across the island. He said that People's Merchant Bank is probably the smallest company within the People's Bank family, and is committed to support the Government's Negenahira Navodaya program. Basil Rajapaksa's participation in the opening of the branch will be an added strength to its progress.

This branch will serve the people of Trincomalee at an opportune time with economic progress in areas of tourism, agriculture and other sectors that are bound to develop further.

Religious ceremonies were conducted by Sri Indrarama Viharadhipathi, Ven. Polhengoda Uparathana Thera and Kali Kovil Ayyar, Ravichandran Kurukkal.

The branch is geared to offer a range of financial products and services such as leasing, hire purchase facilities and short term business loans where the target market would be the surrounding rural areas.