Sampath Bank yesterday clarified that it is fully compliant with the regulatory requirements of the Central Bank.
Sampath was responding to news reports regarding penalties to be imposed on several banks for non-compliance with the CBL directive on interest rate reductions.
“We would like to state that Sampath Bank PLC has complied fully with the regulatory requirements, in line with the bank’s commitment to good governance and compliance with its regulators. This has been acknowledged in CBSL’s official release on this matter as is published on their website as of 30/12/2019,” Sampath Bank said in its statement.
(FT)