Banks and insurance companies have no problem with debt restructuring

Samagi Jana Balaweya Member of Parliament Dr. Harsha de Silva, Chairman of the State Finance Committee, states that it appears that the banking system and insurance institutions will not be harmed if the domestic debt restructuring is done correctly.

But it is possible to think that there will be some impact on banks through development bonds and international bonds, he says.

He said that he discussed with the heads of the banks and the heads of the provident fund and got their opinion and said that the committee is scheduled to meet again today. The MP said that he is ready to reach a final decision after discussing with several key officials.

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