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Wednesday, 12 February 2014 - 11:41
Sri Lanka bank consolidation beneficial: Fitch
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Fitch Ratings said that Sri Lanka's plan to consolidate banks, could bring long term benefits and greater system stability.

The consolidation master plan envisaged the creation of bigger banks, with an asset base of over 1,000 million rupees.

Fitch Ratings said that only one bank met this threshold at end-September 2013.

 
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