Sri Lanka working towards 10 pct capital adequacy

Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now."Some bankers would rather have the ratio at around nine percent, but we are working towards 10 percent which is the international standard," Governor A.S. Jayawardena told journalists after a business seminar.

Central bank officials said earlier this year that directives had been sent to banks to raise the tier two

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