Business Times

CB's loans more than Rs 3 billion to the North

By Duruthu Edirimuni Chandrasekera

JAFFNA - The Central Bank (CB) has so far disbursed more than Rs 3 billion in loans to the development efforts in the Northern Province, according to a top public official. "Through the different loan schemes that CB has launched more than Rs 3 billion in loans have been given to businesses and individuals since last May - when the war ended," Dr. Ranee Jayamaha, Advisor to the President on Banking told the Business Times on the sidelines of the first Nations Trust Bank (NTB) branch opening in Jaffna on Monday.

She also noted that the NTB together with other financial institutions should not only facilitate deposit mobilisation and lending, but also encourage small scale entrepreneurs to develop their products through application of new technology.

To coincide with this opening, NTB with Sri Lanka Cricket carried out a talent search program to identify the finest fast and spin bowlers in Jaffna. A Career Guidance workshop was conducted by NTB experts in Human Resource Management in conjunction with the University of Jaffna where students were given an opportunity to attend the workshop free of charge and better acquaint themselves with information on various aspects and techniques to aid them in their careers. An Inter-School Art Competition was also held amongst the schools in Jaffna along the theme, "My Jaffna" giving the children an opportunity to exhibit their talent in art.

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