Governor in Jaffna :
CB approves 134 banking centres in NE
The banking sector needs to play a major role in the economic
activities in the Northern and the Eastern provinces. We need to ensure
that the financial infusion takes place in these provinces. As the
Central Bank (CB) we monitor and follow up the banking activities
closely for the smooth functioning of the banking system, said Governor
Central Bank Ajith Nivard Cabraal.
Ajith Nivard Cabraal
We need to provide assistance for the Northern and the Eastern
provinces to revive economic activities and for the development. The
banking sector is an essential component in the economic development in
the area, he said.
The Governor will visit Jaffna today to open branches of NDB and Bank
There are 53 bank branches in the North and 89 bank branches in the
East at present. With 19 extension offices and 187 student and postal
units, a total of 259 banking centres are in operation in the North. In
the East, there are 44 extension offices and 253 student and postal
units - a total of 386 banking centres, said Assistant Governor Ananda
The Central Bank has given approval for 26 branches and nine
extension offices in the Eastern province whereas for the Northern
province approval was given for 41 branches and 43 extension offices
since April. There are also 15 mobile units in IDP camps, he said.
The banking industry in these provinces would face the problem of the
lack of skilled manpower. Though, there will be employment opportunities
in the areas, finding suitable employees will be a difficult task, he
It will be important to have a mechanism to provide job oriented
training and Governmental support is necessary in this regard.
Many people have left the area due to war and it is important to set
up a training facility, he said.
There are opportunities for the banking sector in the areas of
agriculture, fisheries, livestock, tourism and services such as boat
bunkering, he said.