The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning
The Deputy Minister stated that National Savings Bank policy is to promote savings while providing better returns to depositors and public-oriented lending. He noted that NSB offers a large volume of low-interest housing loans and other incentive programmes, and said lending rates are expected to decline further from the recent high-interest period to ease borrowers’ burdens while maintaining the bank’s public service role.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 That is Government policy. As you said, NSB promotes savings and provides better returns to savers. Under this framework, NSB grants a large volume of housing loans at low interest and runs other incentive programmes. We have moved from a period of high interest rates; lending rates are now gradually coming down. We expect to bring the lending rates to levels relatively lower than the market and to take the burden off borrowers, while fulfilling NSB’s primary objective of serving the public.
Provenance
- Source
- Hansard, Friday, 7 February 2025 ·No. 1739786070060795 ·English daily/uncorrected Hansard
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Cite as: The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 7 February 2025. No. 1739786070060795. Politick, https://staging.politick.io/lk/speeches/23041