People’s Bank Launches ‘Viru Abimana’ Housing Loan Scheme for Sri Lankan Army

Chief of Defense Staff and Army Commander General Shavendra Silva and People’s Bank Chairman Sujeewa Rajapakse exchange deal

From left to right: Ranjith Kodituwakku, Chief Executive Officer/Chief Executive Officer of the People’s Bank, Sujeewa Rajapakse, President of the People’s Bank, and Chief of the Defense Staff and Army Commander, General Shavendra Silva, and the army officers.

In recognition of the invaluable service rendered by the Sri Lankan Army for the freedom and betterment of the country, the People’s Bank has recently launched the “Viru Abimana” housing loan scheme for members of the army. The agreement signifying the partnership was exchanged recently by the Chief of Defense Staff and Army Commander, General Shavendra Silva, and the President of the People’s Bank, Sujeewa Rajapakse, at the headquarters of the army at Sri Jayewardenepura.

Under this loan program which is offered at a special preferential rate, the maximum loan amount can be determined based on the army member’s monthly salary while the repayment period is calculated based on the time until retired. These loans can be obtained up to a maximum repayment period of 25 years.

Additionally, customers will be able to do most of their banking from virtually anywhere with the bank’s industry-leading digital banking services, including the People’s Wave mobile banking app, People’s Web internet banking and the People’s Pay digital wallet app.

Chief Executive Officer/Managing Director of People’s Bank Ranjith Kodituwakku, Chief of Staff Sri Lanka Army, Major General Vikum Liyanage, Chief Financial Management Officer, Major General Shiran Abeysekara, Director of Property -be Brigadier Nissanka Eriyagama, Senior Deputy Managing Director of Banque Populaire (Payments and Digital) KB Rajapakse, Deputy Managing Director (Retail Banking, Process Management and Quality Assurance) Renuka Jayasinghe, Head of Marketing Nalaka Wijayawardana, Deputy Managing Director ( Retail Banking) Virajinie Munasinghe and Senior Director (Retail Banking) Ravi Perera also attended the event.

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