Peoples’ Bank has denied reports expressed in social media on its non-performing loan (NPL) write-offs.
Issuing a statement on Sunday (08), the People's Bank said:
"We have observed that false information pertaining to People Bank's non-performing loan write-offs is yet again being circulated in certain social media.
Periodical resurgence of this false allegation strongly suggests that this news could be a part of a malicious campaign designed to tarnish the image of the People's Bank.
In order to prevent the public from being misled by the aforementioned efforts, the Bank's Management wishes to strongly reiterate that none of the loans mentioned in the said false message has been written off."
