Rule · CBSL · 29 Oct 2015 · Banking Act Directions No. 3 of 2015

Loan to Value Ratio for Motor Vehicle Loans and Advances

The Central Bank of Sri Lanka issued Banking Act Direction No. 03 of 2015 to mandate a standardized loan-to-value ratio for all motor vehicle loans and advances. This directive, enacted under Sections 46(1) and 76J(1) of the Banking Act, replaces the prior September 2015 regulation and becomes effective on 1 December 2015. Financial institutions must apply the prescribed valuation limits to cap credit risk and maintain prudent lending standards across motor vehicle financing portfolios.

Sri LankaCentral Bank of Sri Lanka

[Logo of the Central Bank of Sri Lanka]

MONETARY BOARD
CENTRAL BANK OF SRI LANKA

29 October 2015 | BANKING ACT DIRECTIONS | No. 03 of 2015

LOAN TO VALUE RATIO FOR LOANS AND ADVANCES IN RESPECT OF MOTOR VEHICLES

Issued under Sections 46(1) and 76J(1) of the Banking Act, No. 30 of 1988, as amended.

Banking Act Direction No. 02 of 2015 dated 14 September 2015 on the above subject shall come in to force with effect from 01 December 2015.

(Signature)

Arjuna Mahendran
Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka

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Lineage: Superseded

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

Amended 1 time · last 2017-01-13

2017-01-13CBSLLoan-to-Value Ratios for Credit Facilities in Respect of Motor Vehiclessupersedes

This document supersedes: Loan to Value Ratio for Motor Vehicle Loans and Advances

Lineage: Superseded

Timeline

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