SL Banks Pledge Strong Support & Debt Relief Post-Cyclone Ditwah 🌪️

The Sri Lanka Banks’ Association (SLBA), representing 29 Licenced Banks, met with CBSL Governor Dr. Nandalal Weerasinghe to pledge its fullest support for economic revival following damage inflicted by Cyclone Ditwah. • Impact Assessment: A detailed impact assessment has been initiated across all banks to identify the precise impact on individuals, small businesses, and large corporates. • Disaster Debt Relief: Banks pledged to offer a suitable "Disaster Debt Relief Package" to ensure impacted individuals and businesses can return to normalcy without delay. • Government Initiatives: Banks confirmed readiness to actively participate in economic relief programs initiated by the Government in partnership with multilateral development agencies. • Gold Loan Relief: Individual member banks will review pending gold loan auctions, exploring the possibility of delaying the process where viable to give affected borrowers more time to repay and redeem. Impacted customers are encouraged to speak directly to their respective bank branch managers for assistance. The SLBA reiterated its historical role in supporting national crises.