Banking system stable – CBSL

Sri Lanka’s Central Bank on Thursday (24) stated that the country’s banking system was stable and that there was no truth to speculations that a state bank had defaulted.

“The Ministry of Finance and the Central Bank of Sri Lanka wish to assure the public and all other stakeholders that the banking system is stable and that operations of the State Banks are being carried out smoothly, contrary to statements made otherwise,” the Central Bank said in a statement.

The statement came after Samagi Jana Balawegaya (SJB)

MP Harsha de Silva told parliament on Thursday that there are reports that a state bank had defaulted.

The MP said that Sri Lankan banks had faced counterparty limit cuts after a downgrade of the sovereign credit ratings.