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One+bank+branch+for+every+100%2C000
Friday, 27 April 2012 - 8:17
One bank branch for every 100,000
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A survey report launched by a financial and professional services firm says that the bank branch density of Sri Lanka is increasing at the rate of 100,000 persons per bank branch.

The number of banking branches in Sri Lanka has increased at an average rate of 7% per year since 2007 and there will be 1,804 more banking branches in the country by 2015, increasing the branch density from 23.5 in 2010 to 30.5 by 2015.

There are 22 banks operating in the Colombo Metropolitan Region with over 632 branches and 897 banking outlets.

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