Fitch says capitalisation in Sri Lanka banking sector needs to be shored up

Fitch says capitalisation in banking sector needs to be shored up

Nov 24, 2016 (LBO) – Sri Lanka’s Fitch Ratings said that capitalisation in the banking sector needs to be shored up and certain regulatory forbearances have contributed to bank undercapitalisation. Releasing a statement the rating agency said they are of the view that the reported capital adequacy ratios of banks in Sri Lanka continue to […]