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Politics · Economy & businessUpdated

Sri Lanka Cabinet approves adopting new method to assess credit risks for financial institutions

From EconomyNext ·
Headline from EconomyNext
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Sri Lanka Cabinet approves adopting new method to assess credit risks for financial institutionsPhoto: EconomyNext

AI summary · 1 min read

1 min readFrom 1 outlets
  • EconomyNext reports that Cabinet Spokesman Nalinda Jayatissa announced the approval.
  • EconomyNext says the method concerns guarantees and sub-loans involving state-owned enterprises.
  • EconomyNext reports that the Act excludes the Central Bank and certain financial institutions from the public-enterprise category.
Based on: EconomyNextWritten by AI from EconomyNextthese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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