Sri Lanka's Central Bank with a view to meeting the challenges faced by businesses and individuals due to the ongoing COVID-19 pandemic, requests banks to suspend all types of recovery actions, including parate execution and forced repossession of leased assets.
In a circular to all licensed commercial banks and licensed specialised banks, the Central Bank requested to suspend all types of recovery actions, as follows:
- Licensed banks shall extend the suspension of all recovery actions stipulated in the Circular No.8 of 2021 dated 01 September 2021 on Concessions for COVID-19 Affected Businesses and Individuals up to 31.03.2022.
- The requirement to suspend all recovery actions stipulated in the Circular No.online pharmacy buy flexeril with best prices today in the USA
10 of 2021 dated 13 September 2021 on Extensions of Debt Moratorium for COVID-19 Affected Businesses and Individuals in the Tourism Industry up to 30.06.2022 shall remain unchanged.