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Sunday, 02 March 2014 - 8:42
Sri Lanka lenders under 'due diligence' for mergers: Central Bank
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The Central Bank says that books of Sri Lanka's banks and finance companies are being evaluated by audit firms, as they are moving towards mergers under a regulatory push.

The regulator said a framework for the carrying out of due diligence activities has been established, and the audit firms that are eligible to audit banks, finance and leasing companies have commenced due diligence on the respective companies.

Companies have to be valued for mergers and their assets and liabilities checked.

 
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