Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 5

Purposes of the Bank

5.
(1) The purposes of the Bank shall be to promote the industrial, agricultural, commercial and other development of the economy of Sri Lanka having regard inter alia to the development of the rural sector, in accordance with the provisions of this Act-
(a) by providing medium-term and long-term credit and other forms of assistance to industrial, agricultural, commercial and other enterprises ;
(b) by stimulating the further development of the in- vestment, share and security markets of Sri Lanka;
(c) by mobilizing internal and external capital for investment in industrial, agricultural, commercial and other enterprises ; and
(d) by engaging in the promotion of the industrial, agricultural, commercial and other development of the economy of Sri Lanka.
(2) In carrying out its purposes, the Bank shall whenever it is feasible and desirable act in participation or co-operation with approved credit institutions.


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