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Sri Lanka gets foreign banks support: Central Bank

Dec 01, 2014 (LBO) – Sri Lanka’s Central Bank says that the foreign banks in Sri Lanka are expected to show greater participation in economic activities. Foreign banks in Sri Lanka are expected to demonstrate a greater participation in economic activities and to make significant contribution to the economy, Central bank said in a recent statement.

In this regard foreign banks expressed their commitment to operate as intermediaries of their entire international branch network to channel funds and expertise to several sectors of the economy.

This comments were expressed at one-to-one meetings chaired by the Governor of the Central Bank which held recently with the foreign banks to discuss the progress made on their expected contribution under the financial sector consolidation process.

Several regional representatives of foreign banks were also present at these meetings, the bank said.