NO ban on loans to the CPC, says Cabraal

COLOMBO (News 1st); Sri Lanka's Central Bank has requested all State Banks to adhere to the Single Borrower Limit that has been set up for the Ceylon Petroleum Corporation.

Central Bank Governor Ajith Nivard Cabraal in a tweet said that there is no ban on loans delivered to the CPC.

The @CBSL has asked the state banks to adhere to the Single Borrower Limit that has been set for the CPC: not banned #loans to #CPC, as reported in some news #media. #SriLanka @infodprtsl #GoSL

— Ajith Nivard Cabraal (@an_cabraal) February 21, 2022