Peoples Bank Nonperforming loans Rs. 54 billion in 2021
Posted in Local News
COPE chairman Prof. Charitha Herath making a recommendation to the Chairman of People’s Bank Sujeewa Rajapakse, called for the submission of a comprehensive report within a month with details of companies in the private sector which were granted loans worth Rs.54 billion, which are currently in the non-performing status.
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Sri Lanka Prime Minister stresses urgency for economic reform plan
Posted in Local News
Sri Lanka’s prime minister said Thursday that he will quickly prepare an economic reform program and seek approval from the International Monetary Fund – because global inflation and the financial impact of Russia’s invasion of Ukraine on other countries could limit their ability to help the island nation.
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