2019-06-20 | Explanatory Note No. 2 of 2019

Added · Updated

Interpretations for Circular No. 07 of 2019 on Concessions Granted to Tourism Industry

The Bank Supervision Department issued these interpretations to clarify eligibility and operational requirements for tourism sector borrowers accessing moratorium concessions under Circular No. 07 of 2019. Unregistered tourism service providers must now register with the Sri Lanka Tourism Development Authority to qualify, while licensed banks may grant capital-only, interest-only, or combined moratoria with flexible conversion and maturity extension options. Concessionary interest rates are capped at the latest 364-day Treasury Bill auction rate plus one percent for repayment periods up to two years, and banks must submit weekly cumulative concession reports by Wednesday using the prescribed format.

Central Bank of Sri Lanka logo

Sri Lanka

Central Bank of Sri Lanka

Scan of the document's first page
Share

CBSL published 2 documents in the last 30 days — get each new one by email the day it lands.

Lineage: In force

Concessions Granted to Tourism …2019Concessions Granted to Tourism Industry (2019-05-08)Circular No. 7 dated 2019-05-08Circular No. 7 dated 2019-05-08Interpretations for CircularNo. 07 of 2019 on Concessions…2019-06-20 · this documentInterpretations for Circular No. 07 of 2019 on Concessions Granted to Tourism Industry (2019-06-20)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Similar documents from other regulators

Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from CBSL

CBSL published 2 documents in the last 30 days. We email you each new one the day it's published.

Topics