A meeting was held with the chairmen and boards of directors of state banks with the participation of President Mahinda Rajapaksa at Temple Trees yesterday (August 22), in order to receive their ideas and suggestions for the preparation of the Budget 2012.
The chairmen of the state banks presented information on the economic progress achieved by each bank by mid-this year.

The meeting discussed length as to how the country’s state banks should adapt themselves in line with the structural changes in the country expected by the Government by 2015. It was stressed that the banks need to transcend their activities beyond the sphere of traditional banking.

The event was attended by Minister of International Monetary Cooperation Dr. Sarath Amunugama, Minister of Economic Development Basil Rajapaksa, Deputy Minister of Finance and Planning Geethanjana Gunawardena, Secretary to the Ministry of Finance Dr. P.B. Jayasundara, Governor of Central Bank Ajith Niward Cabraal, chairmen and directors of state banks.