CBSL statement on concessions to affected borrowers of licensed banks

CBSL statement on concessions to affected borrowers of licensed banks The Central Bank of Sri Lanka (CBSL) has requested the licensed banks to provide appropriate concessions, for a period of six months, to borrowers whose income or businesses have been adversely affected due to the current macroeconomic conditions and due to COVID-19 pandemic.

With the outbreak of the COVID-19 pandemic, the Central Bank of Sri Lanka has introduced several concessionary schemes since March 2020, to assist affected borrowers.

Considering the current macroeconomic challenges and the requests made by several stakeholders including Government Institutions, CBSL said it has requested the licensed banks to provide appropriate concessions, for a period of six months, to borrowers whose income or businesses have been adversely affected due to the current macroeconomic and/ or due to COVID-19 pandemic while preventing any undue stress on the banking sector stability.