18 March 2023 12:51 am
People’s Bank yesterday said it had not received any direct or indirect request or instructions from any state institution to close their accounts with
the bank. The state-owned lender said this in response to the media reports, which stated certain state institutions were considering withdrawing their accounts from
People’s Bank. “We wish to strongly emphasise that People’s Bank has always been a trusted partner for state organisations in providing reliable
banking services, including instances where such services were provided at the expense of profitability, in order to serve the country’s best interests,” the Marketing Department of People’s Bank said in a brief media release. “Our institution is well equipped to meet the financial needs of all our public and private sector customers and we have a strong track record of providing customised banking solutions that cater to their unique requirements.
We take this opportunity to thank our customers for their continued trust in us and look forward to serving them with our full commitment and dedication,” it added.