Sri Lanka’s banks to cease leasing activities from June 2016

Banks to cease leasing from June, charges on cash withdrawal: Budget 2016

Nov 20, 2015 (LBO) – Sri Lanka’s banks have been asked to cease leasing activities from 01st of June next year while pawning should be limited to five percent of total loan portfolio, Finance Minister Ravi Karunanayake said in Parliament. “Honourable Speaker, I propose that licensed banks should concentrate on their core banking activities,” Karunanayake […]