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    Avoid transactions with unregistered finance companies – Shehan Semasinghe  

    March 03, 2020

    The State Minister of Development Banking and Loan Schemes Shehan Semasinghe urged the public to refrain from engaging in transactions with unregistered finance companies. He said this at a media briefing held at the Government Information Centre on the State Mortgage and Investment bank financial literacy development programme.

     The State Minister further noted that there are several such finance companies which have collapsed. As a responsible government, he said once a strong government is established after the general election this matter would be addressed and solutions would be sought.


    He noted that by 2015 the economic growth rate was at 7%, but it has now dropped to 1.7% which has led to this financial crisis.


    Also addressing the media briefing the State Mortgage and Investment Bank Chairman Dr Udaya Sri Kariyawasam said the majority of Sri Lankans lack financial literacy and under this programme, they intend to conduct programmes to educate the public on financial knowledge.



    Last modified on Monday, 02 March 2020 19:47

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