The Central Bank of Sri Lanka (CB), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past, has advised the licenced commercial banks and licenced specialised banks to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks.
These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.
Accordingly, licenced banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licenced banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.
Those borrowers who approached the licenced banks for discussions on business revival as specified in the aforesaid Circular may contact the respective banks to obtain further details in this regard.
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