Central Bank of Sri Lanka says the Bank of Tokyo Mitsubishi is looking at the feasibility of operating a Branch in Sri Lanka.Central Banks Deputy Governor K.G.D.D. Dheerasinghe said “They might apply for a banking license”.
He revealed this to www.news360.lk right after completing his meeting with the Bank of Tokyo Mitsubishi executives held in Japan today.
Dheerasinghe said “They will be sending a team to do a feasibility study soon”.
Mitsubishi Bank operates over 770 branches in Japan and 76 international branches.
According to Dheerasinghe, The bank is bigger than HSBC.
The Deputy Governor said already several other foreign banks have shown their interest to enter Sri Lanka.
He added “several applications are now being evaluated by the Central Bank”.
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