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Monday, 07 March 2016 - 10:41
China, S. Korea Banks Keen To Set Up Branches Here
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Leading banks in South Korea and China are keen to set up branches in Sri Lanka, Central Bank Governor Arjuna Mahendran said.

Adding further he stated that the present political climate and high economic movement is prompting them to look at setting up branches in Sri Lanka.

This will enable even farmers to look at officials lending rather than going to traditional ‘open money lenders’ at high interest rates, the Governor Arjuna Mahendran stated.

He said the government on their part must look at releasing some of the unproductive lands on long term basis not only for companies and multinationals but to rural farmers as well on more flexible lease terms. “We also have to look for markets for them in close proximity to their farms,” the Governor added.

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