The Central Bank of Sri Lanka (CBSL) has yet again changed the maximum loan to value (LTV) ratio for vehicle leasing to 70% with effect from December 1.

This is the third time that the maximum LTV ratio had been altered since September.

The CBSL on September 14 directed banks and financial institutions to follow new leasing rates which have been set at a maximum 70 per cent per vehicle. 

However, it was increased to 90% from October 29.