Thursday, April 18, 2024
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Colombo Port City Grants AP Licenses to Three Commercial Banks

The Colombo Port City Economic Commission revealed the issuance of Authorized Persons (AP) licenses to three prominent commercial banks in Sri Lanka. In an official statement, the Commission confirmed that Commercial Bank, Hatton National Bank (HNB), and Sampath Bank have received these licenses.

Describing this step as a significant milestone, the Commission highlighted its importance in propelling the Colombo Port City Special Economic Zone (SEZ) towards becoming a top-tier international business and service hub in South Asia. The Port City project is recognized as a transformative force reshaping Sri Lanka’s economic landscape.

Moreover, the Commission reaffirmed its commitment to collaboration with key regulatory bodies like the Central Bank of Sri Lanka, the Securities and Exchange Commission, and the Insurance Regulatory Commission. This collaboration aims to establish comprehensive and efficient guidelines, solidifying the Colombo Port City’s status as a premier multicurrency zone and a hub for service exports.

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