Making It Work

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

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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.

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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.

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The banks N