Tuesday, July 10, 2018

CBSL instructs SFSP to pay 10 % deposit liabilities

The Monetary Board of the Central Bank of Sri Lanka (CBSL), having considered the requests of the depositors have instructed Swarnamahal Financial Services PLC (SFSP) to pay urgently 10 percent of deposit liabilities of SFSP commencing from July 10.

The details of the payment plan will be informed to depositors by SFSP shortly.

The CBSL requests all depositors to be patient until the business activities of SFSP are restructured and to cooperate with the Central Bank appointed management panel for the implementation of such activities.

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