Decision on State Mortgage and Investment Bank
October 27, 2023 - 9:39 AM
The COPE committee has made recommendations to overcome the administrative weaknesses of the State Mortgage and Investment Bank and maintain it as a competitive bank with a new face.
The Parliamentary Communications Department states that the COPE Committee recommended calling for a report on the settlement of the loss incurred by the bank and the legal measures taken for obtaining a loan of 68 million rupees by submitting false documents.
The COPE committee has also ordered the establishment of a fully automated bank debit system and recommended that the delayed 2021/2022 annual reports be submitted before the end of next January.
The Parliamentary Communication Department further states that attention has been drawn to the fact that 10 branches have recorded a high non-active loan ratio, exceeding the average value of the bank's non-active loan ratio.
(lknews.lk)
The Parliamentary Communications Department states that the COPE Committee recommended calling for a report on the settlement of the loss incurred by the bank and the legal measures taken for obtaining a loan of 68 million rupees by submitting false documents.
The COPE committee has also ordered the establishment of a fully automated bank debit system and recommended that the delayed 2021/2022 annual reports be submitted before the end of next January.
The Parliamentary Communication Department further states that attention has been drawn to the fact that 10 branches have recorded a high non-active loan ratio, exceeding the average value of the bank's non-active loan ratio.
(lknews.lk)
