Category: Business
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Sri Lanka’s NSB Faces Rs7.9 Billion in Non-Performing Loans Amid COPE’s Concerns Over ‘Illegal’ Maldivian Loan
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According to a report by the Committee on Public Enterprises (COPE), Sri Lanka’s state-owned National Savings Bank (NSB) is grappling with non-performing loans (NPLs) amounting to 7,972 million rupees. This includes a significant loan to a foreign entity, as stated by the bank’s chair, Nishantha Samaraweera, during a parliamentary session. The investigation targeted the bank’s
