Regulatory Alerts2023-03-03 | Letter to CEOs of LFCs and SLCsProposed Concessionary Measures to MSMEs and Individuals Affected by the Present Macroeconomic Conditions
The Central Bank of Sri Lanka has directed Licensed Finance Companies and Specialised Leasing Companies to implement concessionary measures for MSMEs and individuals impacted by adverse macroeconomic conditions. These institutions are required to restructure credit facilities, suspend recovery actions against non-performing loans classified on or after January 1, 2020, and encourage early settlement through reduced charges. The directive mandates that these measures be circulated across branch networks to ensure adequate support for affected borrowers while maintaining sector stability.
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