AIIB approves USD 180 mn loan to Sri Lanka

The Asian Infrastructure Investment Bank (AIIB) has approved Sri Lanka’s request for USD 180 million loan for the Covid-19 emergency and crisis response facility to be disbursed through the Bank of Ceylon (USD 90 million) and People’s Bank (USD 90 million), Sri Lankan Embassy in Beijing said. The loan application was submitted in 2019. Sri […]

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CRIB undergoes reforms with a new points system

The government is now set to reform the Credit Information Bureau (CRIB) with a points system for borrowers, instead of branding customers as bad borrowers, State Minister for Finance Ajith Nivard Cabraal told. The aim is to classify borrowers who used to service their debts without defaulting and allow them to get further banking facilities […]

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Banks issue warning on ATM skimming activities

The Payment Card Industry Association of Sri Lanka and Sri Lanka Banks’ Association in a brief joint statement yesterday urged the public to inform their respective banks immediately in the event of any suspicious transaction noticed on their account. The statement came in the wake of complaints from some customers that their savings/ current accounts […]

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