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Paskiquote s Theories

High non-performing loans of Bank of Ceylon quote s and Peoples Bank were highlighted as the cause for the high intervention cost in the local financial sector, at the Financial Reforms forum that ended today.

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rnrnldblquote Banking supervision could have been more forceful on state banks to control their lending to dubious projects dblquote , Paskeralingum said.

rnrnOut of the two state banks, People quote s Bank currently has a negative net worth following the Rs. 1 bn loan write offs made in 1999.

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