BoC to open up economic zone in Jaffna

By Sarashi Samarasinghe

The Bank of Ceylon (BoC) is looking forward to opening a new economic zone in the Jaffna peninsula off the A9 road.

Dr Gamini Wickramasinghe

“The BoC is looking ahead in financing this new economic zone in the near future and at the moment the idea has been put on to the Government Agent (GA) of Jaffna,” said the Chairman of BoC, Dr. Gamini Wickramasinghe.
According to Wickramasinghe, the new economic zone which is due to be put up is going to be similar to the Dambulla economic centre.
Wickramasinghe further emphasised that at present they have very low interest rates, as low as 8% to 12% at the bank.
“We have already reduced the interest rate that we are taking for housing loans and we have extended a special home loan scheme so that we want to encourage people in taking loans according to their day to day needs which would provide relief to public servants,” stated Wickramasinghe.

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