Tue, 31 Jan 2023 Today's Paper

CRIB celebrates silver jubilee

25 May 2015 02:42 am - 0     - {{hitsCtrl.values.hits}}

A A A



By Zahara Haris

The Credit Information Bureau of Sri Lanka (CRIB) celebrated its 25th anniversary prestigiously by recognising and felicitating the people who played a significant role throughout the years. 
To mark the event, the first-ever newsletter ‘CRIB and CREDIT’ compiled by the staff of the CRIB was issued and the first copy was presented to Central Bank Governor Arjuna Mahendran, who was the chief guest at the event. 
CRIB Sri Lanka, the first in South Asia, was established in 1990 and was formed by the Central Bank of Sri Lanka and the Finance Ministry by an Act of Parliament as a response to the 1980s’ debt crisis in the country. The CRIB, which plays a crucial role in developing a vibrant financial system in Sri Lanka, also plays a vital role in the realm of credit risk management and to promote a healthy credit culture in the country. Addressing the gathering, Mahendran said that it is important to involve Sri Lankans working overseas to the credit evaluation system in Sri Lanka.
“We should perhaps bring Sri Lankans working overseas into our credit evaluation system because to me it seems the remittances that come from overseas are a very valuable financing opportunity, which will help us to develop the country.” He said that this is a linkage the CRIB should exploit on how to use the savings coming from offshore. CRIB Chairman Ananda Silva said that the CRIB has contributed to reshape the credit culture in the country and has played a vital role in facilitating financial institutions over the past two and a half decades.  “The CRIB has always tried to maintain accuracy and timeliness in providing credit information and at the same time ensure confidentiality of data submitted by bank and non-bank financial institutions. In fact, the CRIB has contributed to reshape the credit culture in the country,” he said. The CRIB is a public-private partnership, with the Central Bank holding the majority of equity, while the rest is held by lending institutions regulated by the Central Bank.  Several banks and institutions won awards at the ceremony and it concluded with the Annual General Meeting, which was attended by CEOs and compliance officers of stakeholder institutions.
Pix by Kushan Pathiraja

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Health System in the emergency room

Sandya Kumari from Kotahena has been experiencing chest pains since 2015 and

Canada’s targeted sanctioning of Gota and Mahinda

History was made last week when two former executive presidents of Sri Lanka

SC judgement on Easter attack: Court rules negligence stood in the way of avoiding most heinous crime

“On the ill-fated day of 21st of April 2019, this island home was awoken ru

Lasantha was a Fearless Editor who Spoke Truth to Power

Friends,Family members, colleagues, schoolmates and admirers of Lasantha Wick