Six new bank branches will be opened in the Northern Province next week. The purpose is to facilitate economic activities in the area.
The Central Bank announced that the People’s Bank is due to open three new branches in Kilinochchi, Mankulam and Paranthan. The Commercial Bank of Ceylon and Seylan Bank plan to open one branch each in Kilinochchi on June 7th. The Nations Trust Bank will also open a branch in Jaffna on the same day.
The Central Bank said necessary approvals have been granted for more new bank branches to be opened in the Northern and Eastern Provinces. The Bank said these branches will be opened in the next few months.
The region has seen a boom in the economic activity and an influx of businesses and tourists with the end of the war a year ago.