10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

The Hon. Wasantha Samarasinghe - Minister of Trade, Commerce, Food Security and Cooperative Development

Jathika Jana balawegaya· Anuradhapura· 21 January 2026 ·Procedural: Second Round of Oral Questions and Standing Order clarification

Public FinanceAgriculture
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The Minister tabled a written answer on cooperative rural banking in the Western Province, stating that while no separate cooperative rural bank branches are registered, 505 rural banks operate within 38 MPCSs and one banking society. He provided district-wise figures and said no branches are non-operational, though branches of the Dehiwala–Mount Lavinia and Maharagama MPCSs have faced deposit repayment difficulties. He stated that repayments are being made through recovery of overdue loans and asset disposal, and that inquiries under provincial cooperative regulations and CID investigations are ongoing where responsibility for financial crises is alleged.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Mr. Speaker, I table the answer.

¶ 02 Answer tabled:

¶ 03 (a) (i) There are no co-operative rural bank branches registered within the Western Province Department of Co-operative Development. However, 38 Multi-Purpose Co-operative Societies (MPCSs) and 01 Banking Society are registered and operating under that Department, and within those societies 505 rural banks are operating.

¶ 04 (ii) Western Province MPCS rural bank branches as at 2025.12.31: - Colombo District: 142 - Gampaha District: 259 - Kalutara District: 104 Total: 505

¶ 05 (iii) There are no branches in a non-operational state. Owing to financial difficulties, 13 branches of the Dehiwala–Mount Lavinia MPCS and 11 branches of the Maharagama MPCS faced difficulties in repaying deposits. Through recovery of overdue loans issued by rural bank branches and disposal of fixed assets, 13.5% of deposits have been repaid in Dehiwala–Mount Lavinia, and a further 38.5% is available with the society and being paid. In Maharagama, 18.5% has been repaid and funds sufficient to pay a further 4% are available.

¶ 06 Further repayments will continue under this process. If persons responsible for financial crises leading even to non-repayment of deposits are identified, inquiries are being conducted under Regulation 47/2 of the Western Province Co-operative Societies Statute, and based on complaints and audit findings, the CID is also conducting investigations.

¶ 07 (b) Not applicable.

Provenance

Source
Hansard, Wednesday, 21 January 2026 ·No. 23242 ·English daily/uncorrected Hansard
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Cite as: The Hon. Wasantha Samarasinghe - Minister of Trade, Commerce, Food Security and Cooperative Development. 10th Parliament, Parliament of Sri Lanka. Hansard, 21 January 2026. No. 23242. Politick, https://staging.politick.io/lk/speeches/2128