Sign In Join NowPublic Truemors Sports Strange Internet Layoffs Google
Newsroom Culture Apple
Member Ranking Tech & Biz Health Drupal
Tools Style Gadgets
Tech & Biz Seylan Bank Problem in Sri Lanka
Online FX Trading
World's best user friendly software Join Our Newsletter for Offers www.sevenstarfx.com
by Sri Lanka Army news | December 29, 2008 at 11:26 am
Tell me how to get published
Sri Lanka Army news
Colombo, Western, Sri Lanka
9633 views | 6 Recommendations | 47 comments
See Sri Lanka Army news' recent stories
There is no danger in dealing with the
regulated financial sector and Central Bank
have taken several steps to build confidence in Seylan Bank by bringing it under Bank of said. Ceylon, Central Bank Governor Ajith Cabraal
NowPublic on Facebook
He further said "We assure you that they can continue transactions without any danger." According to the CSE Seylan Share Prices
NowPublic on Facebook
Like Confirm You like Page · In You like Page · In
increased by 33%.Normal share prices was 20.50 Rs and now it is 27.00 Rs. Sri Lanka's stock market (CSE) investors have already given a shares surged LBO said yesterday.
NowPublic The rain will have already washed the chalk away.
Friday at 5:24pm ArtWalk Riot: Police vs Protesters over Sidewalk Chalk (Video) | NowPublic News Coverage 5,914 people like NowPublic.5,913 people like NowPublic.
thumbs-up to the regulatory action, and Seylan
Yesterday 30th Decmber 2008 Central Bank appointed Mr. E Narangoda as the new Gunawardene as the new Board of Directors.
Chairman of the Seylan Bank and Mr. Nihal Jayamanna,Mr. Lalith Vithana and Mr. Niyomal
Seylan Bank PLC is a privately owned commercial bank in Sri Lanka brought under Bank of Ceylon (BOC) control since Yesterday 29th December 2008 by order of Central Bank Monetary board. This was taken place under Section 30(1) of the Monetary Law Act No.58 placing it among the top 500 Banks in Asia for the past 08 consecutive years. The Bank over Central Bank of Sri Lanka.
of 1949.Seylan Bank is the Sri Lanka's 2nd largest private commercial bank with Asiaweek saddled with bad debt that threatened to destabilize Sri Lanka's financial system was taken
Facebook social plugin
Meanwhile The Monetary Board of the Central Bank wishes to inform the public that they should continue with their normal financial transactions with Seylan Bank PLC and that the Monetary Board assures the public of the safety of deposits and the stability of the financial system.
What is NowPublic? NowPublic lets people work together to cover news events around the world.
http://www.nowpublic.com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]
Seylan Bank Problem in Sri Lanka | NowPublic News Coverage
The Central Bank appointed the government-owned Bank of Ceylon to continue business operations at the troubled Seylan Bank and removed its board of directors.The decision Central Bank said. was made because of increased deposit withdrawals and suspected liquidity problems, the
Find out more
"The difficulties of Seylan Bank PLC presented a potential danger to the stability of the financial system," the statement said. Deshamanya Lalith Kotelawala, chairman of Ceylinco Group said last week he would sell his shares to repay investors in failed Golden Key Credit Card Company. Both Seylan Bank and would divest or what amount he is expecting to raise from selling his shares. Golden Key are subsidiaries of Ceylinco Group. Kotalawela did not say how much shares he
Recommend this story
Most Recommended Comment
Comment on this story
I think the media has made this a big issue .. All i can say is our Bank is... Crowd Power