- Says registered licenced finance companies have offered debt relief to approx. 500,000 customers
The Finance Houses Association of Sri Lanka (FHA Sri Lanka) in its capacity as the apex association of 41 registered licensed finance companies in Sri Lanka, has condemned the alleged murder of Self Employed Professionals’ Three-Wheeler Association Chairman Sunil Jayawardena, last week.
“The murder of Jayawardena is an example of unethical and unruly practices adopted by fraudulent organisations and the alleged finance institution Chanmil Investment (Pvt) Ltd., is by no means associated with the 41 regulated and licensed finance Institutions registered under the Central Bank of Sri Lanka and also not attached to the FHA Sri Lanka,” a statement issued by FHA Sri Lanka, said.
FHA compromises of 41 licensed finance companies across Sri Lanka, and was formed with the aim of addressing emerging problems in the unregulated environment where deposit taking and lending companies operated.
FHA Sri Lanka further clarified that the 41 licensed finance companies attached to it have already offered debt moratorium as stipulated by the Government of Sri Lanka in line with circulars No. 04 and 05 of 2020 issued by the Central Bank of Sri Lanka, instructing to provide relief measures and assist general public on their borrowings due to the COVID-19 pandemic.
FHA Sri Lanka claimed that complying with the debt moratorium regulations, the licensed finance companies have offered debt relief to approximately 500,000 customers across Sri Lanka.