Regulatory Alerts2021-12-27 | Banking Act Determination No. 01 of 2021Annual Licence Fee of Licensed Commercial Banks and Licensed Specialised Banks
The Monetary Board of the Central Bank of Sri Lanka has determined the annual licence fees for licensed commercial and specialised banks for calendar year 2022. These fees, ranging from Rs. 3 million to Rs. 38 million, are calculated based on each institution's total assets as of the end of 2021. All applicable banks must remit the calculated fees to the Central Bank on or before 31 January 2022.
27 December 2021 * MONETARY BOARI) CENTRAL BANK OF SRI LANKA BANKING ACT DETERMINATION No.01 of 2021 ANNUAL LICENCE FEE OF LICENSED COMMERCIAL BANKS AND LICENSED SPECIALISED BANKS Determination made by the Monetary Board of the Central gurk of Sri Lankaunder Sections 8 and 76D (6) of the Banking Act, No. 30 of 1988, as amended. In terms of Sections 8(1) and 76D (6) of the Banking Act No. 30 of 1988, the Monetary Board has determined that every licensed commercial bank and licensed specialised bank shall pay the licence fee in respect of the calendar year 2022 to the Central Bank of Sri Lanka on or before 31 January 2oz2,based on the total assets of such bank as at the end of 2021, as set out in the Table below. Annual licence fee for theyear 2022 Total Assets as at the end202l (Rs. Bn) Licence Fee (Rs. Mn) Above 2,000 38.0 Above 1,000 to 2,000 3s.0 Above 500 to 1,000 28.5 Above 200 to 500 25.0 Above 125 to 200 18.5 Above 75 to 125 t2.5 25 to 75 6.5 Less than 25 J.J fil ttl e'-/aNivard Ajith Leslie Cabraal Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka