Peace Banking

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Jan 25, 2010 (LBO) – Sri Lankan banks have opened 25 branches in former war torn areas in the north and the east of the island since the end of an internal conflict, while the Central Bank has given the nod for another 53 branches, an official said. A 30-year war with Tamil Tiger separatists ended in May 2009. By April 2009 there were 89 bank branches in the East and 61 in the north. The East also had 69 bank extension offices and the North 20.

After April the Central Bank had approved 33 branches and 17 extension offices in the East and 45 branches and 51 extension offices in the North, a senior bank official said.

Fifteen mobile units were also given the nod to operate mostly in refugee camps.

Up to now 14 new bank branches and 11 extension offices have been opened in the East and 9 branches and 17 extension offices in the North as well as 15 mobile units.

State-run Peoples Bank with 20 branches in the North and 28 branches in the East has the largest network in former conflict areas while the Bank of Ceylon (BoC), another state bank has 17 branches in the North and another 17 branches in the East.

The banks operated in the area even during war time. The two state banks plan to expand extension offices in the North and E