Finance Meet

Jan 30, 2008 (LBO) – Sri Lanka’s President Mahinda Rajapaksa had met the heads of banks, finance and leasing companies to discuss recent turmoil and future direction, the president’s office said. Representatives of state and private banks, the Central Bank and Treasury were also in the meeting, held Thursday.

The meeting discussed the steps take to re-build confidence following the collapse of several unregulated firms that had taken deposits, an official said.

Financial sector players were hoping for lower interest rates as inflation was on the way down, he said.