The banks will soon begin operations at Port City Colombo, now that the offshore banking regulations have been gazetted, paving the way for the area to become a major financial hub.
The Offshore Banking and Offshore Banking — Prudent Management and Confidence were gazetted for commercial operations within the area of authority of the Special Economic Zone.
The offshore banking regulations underscore Port City Colombo’s readiness for operationalised business activity and emergence as a regional offshore financial centre in the South Asian region, Port City Colombo said.
Gazetted regulations clear path for banks to operate at Port City Colombo
