CB says CIFL depositors to be paid up to Rs. 600,000

Wednesday, 7 March 2018 00:00 - - {{hitsCtrl.values.hits}}

Issues fresh clarification on previous statement announcing cancellation of licence

The Central Bank yesterday clarified its statement on the cancellation of the licence issued to Central Investments and Finance Plc (CIFL) and confirmed a maximum of Rs. 600,000 would be paid to each depositor.

The cancellation was issued under the Finance Business Act No. 42 of 2011 and a Certificate of Registration issued under the Finance Leasing Act No. 56 of 2000.

“As communicated to the public on 05.12.2017 through our press release, all insured deposits of CIFL will be paid up to a maximum of Rs. 600,000 per depositor as per the regulations of the Sri Lanka Deposit Insurance and Liquidity Support Scheme,” the statement said.