National Credit Guarantee Institution Limited


 
A significant milestone in Sri Lanka's financial and entrepreneurial development was
marked on 2nd June 2025 with the official Launched the National Credit Guarantee
Institution Limited (NCGIL) at the Cinnamon Grand Hotel, Colombo. This event
Signified the commencement of operations for the country's first dedicated credit
guarantee institution, aimed at strengthening the financial ecosystem for Micro, Small,
and Medium Enterprises (MSMEs).
The launch was attended bya broad range of stakeholders The Chief Guest for the event
and keynote speaker was the Hon. Dr. Harshana Suriyapperuma - Deputy Minister of
Finance and Planning. The following key stakeholders also attended: Hon. Prof. Anil
Jayantha Fernando - Ministry of Labour and Deputy Minister of Economic Development.
Hon. Mr. Chathuranga Abeysinghe- Deputy Minister of Industry and Entrepreneurship
Development, Ms. Leah Gutierrez - Director General Sectors Department 3, Asian
Development Bank (ADB), Ms. Christine Engstrom - Senior Sector Director (Finance).
Sectors Department 3, Asian Development Bank, Mr. Mohd Sani Mohd Ismail - Director
(Finance) Sectors Department 3, Asian Development Bank, Mr. Takafumi Kadono -
Country Director, Sri Lanka Resident Mission, Asian Development Bank, Ms. Cholpon
Mambetova, Country Operations Head, Sri Lanka Resident Mission, Asian Development
Bank, Dr. P. Nandalal Weerasinghe -Governor of the Central Bank of Sri Lanka (CBSL).
and Mr. K.M. Mahinda Siriwardana - Secretary to the Treasury, and representatives
from stakeholder financial institutions.
NCGIL was established through a Public-Private Partnership (PPP) between the
Government of Sri Lanka and 13 stakeholder financial institutions, with the strategic
and fnancial backing of the ADB, which provided an initial loan of USD 50 million to
support its establishment. This collaboration reflects a shared commitment to enhancing
access to finance and promoting sustainable economic development.
The Licensed Commercial Banks are Bank of Ceylon, Commercial Bank of Ceylon PLC, Hatton
National Bank PLC National Development Bank PLC, Nations Trust Bank PLC, Peoples' Bank.
Sampath Bank PLC and Seylan Bank PLC. The Licensed Specialised Banks are Sanasa
Development Bank and the Regional Development Bank. The NBFIs are: Central Finance
Company PLC, Citizens Development Business Finance PLC and LB Finance PLC
The core objective of NCGIL is to improve access to credit for MSMEs by offering Partial
Credit Guarantees of up to 67%, thereby mitigating the credit isk for financial institutions
and facilitating increased lending to the sector. In addition to promoting credit acoess
NCGIL is committed to advancing financial inclusion, particularly for underserved and
marginalized entrepreneurs. The institution's framework is designed to be adaptive and
responsive to evolving market conditions and technological developments, ensuring its
long-term relevance and impact.
MEUIA bRIL
A significant milestone in Sri Lanka's financial and entrepreneurial development was
marked on 2nd June 2025 with the official LAUNCHED of the National Credit Guarantee
Institution Limited (NCGIL) at the Cinnamon Grand Hotel, Colombo. This event
Signified the commencement of operations for the country's first dedicated credit
guarantee institution, aimed at strengthening the financial ecosystem for Micro, Small,
and Medium Enterprises (MSMEs).
The launch was attended bya broad range of stakeholders The Chief Guest for the event
and keynote speaker was the Hon. Dr. Harshana Suriyapperuma - Deputy Minister of
Finance and Planning. The following key stakeholders also attended: Hon. Prof. Anil
Jayantha Fernando - Ministry of Labour and Deputy Minister of Economic Development.
Hon. Mr. Chathuranga Abeysinghe- Deputy Minister of Industry and Entrepreneurship
Development, Ms. Leah Gutierrez - Director General Sectors Department 3, Asian
Development Bank (ADB), Ms. Christine Engstrom - Senior Sector Director (Finance).
Sectors Department 3, Asian Development Bank, Mr. Mohd Sani Mohd Ismail - Director
(Finance) Sectors Department 3, Asian Development Bank, Mr. Takafumi Kadono -
Country Director, Sri Lanka Resident Mission, Asian Development Bank, Ms. Cholpon
Mambetova, Country Operations Head, Sri Lanka Resident Mission, Asian Development
Bank, Dr. P. Nandalal Weerasinghe -Governor of the Central Bank of Sri Lanka (CBSL).
and Mr. K.M. Mahinda Siriwardana - Secretary to the Treasury, and representatives
from stakeholder financial institutions.
NCGIL was established through a Public-Private Partnership (PPP) between the
Government of Sri Lanka and 13 stakeholder financial institutions, with the strategic
and fnancial backing of the ADB, which provided an initial loan of USD 50 million to
support its establishment. This collaboration reflects a shared commitment to enhancing
access to finance and promoting sustainable economic development.
The Licensed Commercial Banks are Bank of Ceylon, Commercial Bank of Ceylon PLC, Hatton
National Bank PLC National Development Bank PLC, Nations Trust Bank PLC, Peoples' Bank.
Sampath Bank PLC and Seylan Bank PLC. The Licensed Specialised Banks are Sanasa
Development Bank and the Regional Development Bank. The NBFIs are: Central Finance
Company PLC, Citizens Development Business Finance PLC and LB Finance PLC
The core objective of NCGIL is to improve access to credit for MSMEs by offering Partial
Credit Guarantees of up to 67%, thereby mitigating the credit isk for financial institutions
and facilitating increased lending to the sector. In addition to promoting credit acoess
NCGIL is committed to advancing financial inclusion, particularly for underserved and
marginalized entrepreneurs. The institution's framework is designed to be adaptive and
responsive to evolving market conditions and technological developments, ensuring its
long-term relevance and impact.
A significant milestone in Sri Lanka's financial and entrepreneurial development was
marked on 2nd June 2025 with the official la of the National Credit Guarantee
Institution Limited (NCGIL) at the Cinnamon Grand Hotel, Colombo. This event
Signified the commencement of operations for the country's first dedicated credit
guarantee institution, aimed at strengthening the financial ecosystem for Micro, Small,
and Medium Enterprises (MSMEs).
The launch was attended bya broad range of stakeholders The Chief Guest for the event
and keynote speaker was the Hon. Dr. Harshana Suriyapperuma - Deputy Minister of
Finance and Planning. The following key stakeholders also attended: Hon. Prof. Anil
Jayantha Fernando - Ministry of Labour and Deputy Minister of Economic Development.
Hon. Mr. Chathuranga Abeysinghe- Deputy Minister of Industry and Entrepreneurship
Development, Ms. Leah Gutierrez - Director General Sectors Department 3, Asian
Development Bank (ADB), Ms. Christine Engstrom - Senior Sector Director (Finance).
Sectors Department 3, Asian Development Bank, Mr. Mohd Sani Mohd Ismail - Director
(Finance) Sectors Department 3, Asian Development Bank, Mr. Takafumi Kadono -
Country Director, Sri Lanka Resident Mission, Asian Development Bank, Ms. Cholpon
Mambetova, Country Operations Head, Sri Lanka Resident Mission, Asian Development
Bank, Dr. P. Nandalal Weerasinghe -Governor of the Central Bank of Sri Lanka (CBSL).
and Mr. K.M. Mahinda Siriwardana - Secretary to the Treasury, and representatives
from stakeholder financial institutions.
NCGIL was established through a Public-Private Partnership (PPP) between the
Government of Sri Lanka and 13 stakeholder financial institutions, with the strategic
and fnancial backing of the ADB, which provided an initial loan of USD 50 million to
support its establishment. This collaboration reflects a shared commitment to enhancing
access to finance and promoting sustainable economic development.
The Licensed Commercial Banks are Bank of Ceylon, Commercial Bank of Ceylon PLC, Hatton
National Bank PLC National Development Bank PLC, Nations Trust Bank PLC, Peoples' Bank.
Sampath Bank PLC and Seylan Bank PLC. The Licensed Specialised Banks are Sanasa
Development Bank and the Regional Development Bank. The NBFIs are: Central Finance
Company PLC, Citizens Development Business Finance PLC and LB Finance PLC
The core objective of NCGIL is to improve access to credit for MSMEs by offering Partial
Credit Guarantees of up to 67%, thereby mitigating the credit isk for financial institutions
and facilitating increased lending to the sector. In addition to promoting credit acoess
NCGIL is committed to advancing financial inclusion, particularly for underserved and
marginalized entrepreneurs. The institution's framework is designed to be adaptive and
responsive to evolving market conditions and technological developments, ensuring its
long-term relevance and impact.
NCGI Launch Event Media Brief
The Board consists of nine members, including representatives from the Government of Sri
Lanka, the Central Bank of Sri Lanka, shareholding financial institutions, and ndependent
Directors. The government representatives include Mr. Ajith Abeyse kera, Mr. Udeni Samararatne
and Ms. Ajani Liyanapatabendi from the Central Bank of Sri Lanka. The financial institutions are
represented by Ms. Ayodhya lddawela Perera, Managing Director of Sampath Bank PLC, and Mr.
Rajive Dissanayake, Deputy General Manager (SME and MF) at Hatton National Bank PLC. The
three Independent Directors are Ms. Sharmini Ratwatte, Mr. Mohan Weerakoon, and Mr. Felix
Fernandopulle.
NCGIL is led by its CEO, Mr. Jude Fernando, a seasoned banker with over 30 years of expertise
in SME banking. As CEO, Mr. Fernando plays a critical role in guiding the organization towards
its goals of financial inclusion and economic growth. Under his leadership, NCGIL is focused on
enhancing its operational efficiency, establishing a strong presence, and fostering long-term
growth for Sri Lanka's MSME sector.

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