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Sri Lanka CB to pay Rs600,000 to The Finance depositors from June 07

ECONOMYNEXT – Sri Lanka’s Central Bank said compensation payments up to 600,000 rupees to depositors of the failed The Finance Company, would begin from June 07.

State-run People’s Bank has been appointed as agent to make the payments.

Compensation would begin from individual depositors who had a single deposits at Peoples’ Bank branches where there were The Finance branches earlier, the central bank said.

Contact number for inquiries.

Central Bank – 0112-398788, 0112-2477261

People’s Bank – 0112-481594, 0112-481320, 0112-481612,0112-481703

The Central Bank is making payments up to 600,000 rupees from a deposit insurance fund it had set up.

The Finance Company is to be liquidated and if there is any proceeds the balance amounts would be paid. (Colombo/June04/2020)

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