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Finance companies play vital role

Updated - 12/3/2010 - DailyNews.

 

The Central Bank is optimistic that all registered finance companies will soon get listed in the Colombo Stock Exchange (CSE) before the dead line.

The Central Bank has given two years for all registered finance companies to get listed in the CSE to have a better transparency in their transactions. There is another one and half years for the deadline and the Central Bank hopes that they will respond soon as it is a part of their regulation, Central Bank Governor, Ajith Nivard Cabraal, said.

He was speaking at the opening of the Commercial Credit Limited (CCL) Colombo city office in, Kollupitiya yesterday.

Finance companies play a vital role in the country’s economy by providing access to credit for public to continue in economic activities.

 

www.dailynews.lk/2010/03/12/bus01.asp

 

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