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Reducing NPA in the market:
CRIB to bring credit scoring
The Credit Information Bureau of Sri Lanka (CRIB)
will introduce credit scoring to Sri Lanka soon. It is a rating
given to all citizens based on their borrowing performance. If the
rating is good, the benefits to the public from lending institutions
and banks are also high such as preferential loans and preferential
interest rates.
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‘Players should focus on innovation, product quality’
Local Insurance industry :
The insurance industry players should focus on
innovation and better quality products and solutions to capture the
potential market as Sri Lanka’s insurance industry penetration is
low.
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Facilitating access to finance
The Credit Information Bureau of Sri Lanka
(CRIB) plans to expand the credit market in the country through
facilitating access to finance. Under this method the lending
institutions and the banks will grant loans for the community by
considering the pattern of people’s utility bill payments.
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Country needs strong marketing programs:
Sri Lankan tourism has tremendous potential
The Sri Lankan tourism industry has tremendous
potential to grow further with the dawn of peace. The opening up of
the North and the East has brought positive hopes to the Sri Lankan
tourism as two-thirds of the coastline, which was formerly under the
control of terrorists, has been liberated making it accessible to
tourists.
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