Regulatory Alerts2018-08-24 | Direction No. 6 of 2018Amendments to Directions on Loan to Value Ratios for Credit Facilities Granted in Respect of Motor Vehicles
The Central Bank of Sri Lanka issued Finance Leasing Act Directions No. 06 of 2018 to amend the Loan to Value ratios for motor vehicle credit facilities. The directive exempts specific entities, including tourism and transportation companies, government agencies, and public service field officers, from standard LTV limits under defined conditions. Supervisory Loan Companies are required to establish internal limits and adopt adequate risk management procedures for these exempted credit facilities.
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