Making It Work

Sources said Bank of Ceylon,rnNSB, Commercial Bank and John Keells Holdings are keen to invest.

The government is currentlyrnlooking at disposing its entire stake in Peoples Bank as a single unit, asrnagainst the earlier decision of splitting it into three units.

However, Peoples Banksrnheavy Non-Performing Loans (NPL) portfolio would be transferred into thernupcoming National Asset Management Company at book value, when its salerneventually takes place next year, says Head of Restructuring, Derek Kelly.

The banks N