Japan's biggest bank to open branch here

Jayasiri Munasinghe

Japan's biggest bank, the Bank of Tokyo Mitzubishi has decided to set up a branch in Sri Lanka after seeing the healthy development in Sri Lanka's economy.

Japan has cordial relations with Sri Lanka specially in the field of commerce but no action had so far been taken to open a bank branch in this country.

Senior Deputy Central Bank Governor Dharma Deerasinghe said that Japan has begun preliminary discussions regarding the setting up of the Bank branch.

A team of representatives from the Bank of Tokyo Mitzubishi are due to arrive in Sri Lanka shortly to conduct preliminary arrangements.