We have observed that false information pertaining to a list of People Bank's non-performing loan write-offs discussed at a COPE hearing a few years ago is yet again being circulated in certain social media.

Periodical resurgence of this false allegation pertaining to an alleged write-off of Rs.54 Bn strongly suggests that this news could be a part of a malicious campaign designed to tarnish the image of the People's Bank.

To prevent the public from being misled by the aforementioned efforts, the Bank's Management wishes to strongly reiterate that none of the loans mentioned in the said false message has been written off.