Regulatory Alerts2024-12-31 | Circular No. 5 of 2024Publication of Annual and Quarterly Financial Statements and other Disclosures by Licensed Banks
The Central Bank of Sri Lanka mandates all licensed commercial and specialized banks to publish audited annual financial statements within three months and quarterly reports within two months following each reporting period. Banks must utilize specified simplified and detailed formats to disclose solo and consolidated financial positions, selected performance indicators, key ratios, and audit qualifications in Sinhala, Tamil, and English newspapers alongside their official websites. Effective for the financial year ending 31 December 2024, this circular revokes prior directives and holds bank management directly responsible for ensuring accurate, non-misleading disclosures that support informed decision-making.
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