Tuesday, August 4, 2009

Bank facilities to North & East

The people in the North and the East will soon have new banking facilities.

The state owned People's Bank, has opened its branches in Mullaitivu, Kilinochchi, Paranthan, Mankulam, Pesalai and Settikulam areas to cater to the needs of the civilians to be resettled immediately, under the supervision of the "Uthuru Wasanthaya" Task Force.
The bank has allocated one billion rupees to grant low interest credit and has issued as credit to people who applied for loan facilities in Pesalai and Settikulam areas. The total allocation made by the bank
Meanwhile Sampath Bank has also set up four branches in Kattankudi, Kalmunai, Akkaraipattu and Batticaloa in the Eastern province.

These branches have already used more than 100 million rupees in pawning or lending against gold as collateral for their new customers.

At least seven more branches of Sampath Bank are planned for the East.
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