PB to launch service centre at Cheddikulam

People's Bank, the "Best Loved Bank" will be opening a service centre in Cheddikulam, Vavuniya on May 30 with the main objective of assisting the internally displaced persons who are residing in the relief villages in the area.

The bank has already established mobile units in these relief villages, which are currently monitored by the People's Bank Vavuniya branch.

The mobile units provide banking and financial services to the people and at present large sums of money and gold jewellery belonging to the displaced persons have been taken in for secure storage in the vaults.

The new service centre which will be in close proximity to the People's Bank Vavuniya branch will be fully computerised and networked to all other branches across the island.

Supporting the Government's efforts to rebuild the land and uplift the lives of the people in the region, People's Bank will introduce new loan schemes for agriculture and livestock. Residents of the area will be able to obtain loans for paddy cultivation, vegetable and fruit crop cultivation, purchasing agricultural machinery, small and medium industries and other businesses as well. In addition home loan schemes will also be available for those who wish to build permanent houses in the region.

People's Bank is a state entity which not only provides banking services to the general public but also works toward the betterment of the society.

The bank has already made a donation of Rs. 110 lakhs in order to provide food, clothing and other essentials to the displaced persons of the North, and in addition sponsored the Government's efforts of building transitional houses for the displaced persons by contributing a sum of Rs. 265 lakhs, all made possible through the valued contributions of the entire staff of People's Bank, along with their sub-committees and other subsidiaries islandwide.