Concessions granted to all flood-victims

Concessions granted to all flood-victims

August 12, 2017   03:18 pm

The Central Bank of Sri Lanka has granted consent to all licensed banks to grant concessions to all persons who have obtained loans who were affected by the recent floods and any connected adverse circumstances.  

Accordingly, licensed banks are free to grant a concessionary period of up to 3 months in respect of repayment of all performing credit facilities of such borrowers as at 25th May 2017, and waive the penal interest for this period.

The CBSL has granted these concessions to help enhance the recommencement of businesses and normalization of activities of all flood-victims 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories