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Sunday, 02 February 2014 - 8:20
Sri Lanka bank, finance firm consolidation in progress: Central Bank
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Sri Lanka's banks and non-bank firm consolidation was progressing with meeting with individual firms with the regulator with preliminary plans expected to be submitted by March 31.

The Central Bank said it was also in talks with consultancy firms to get valuation and other services for planned mergers.

Sri Lanka's central bank is trying to shrink the total number of banks and finance firms in the country, which will make them larger and easier to regulate.

 
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