CB calls for TFC depositors to accept payments

Tuesday, 14 July 2020 00:36 - - {{hitsCtrl.values.hits}}

Says of 147,000, only 19,279 have obtained compensation
Rs. 5.1 b has been paid to date but much yet to be completed

The Central Bank yesterday called for over 100,000 depositors of The Finance Company (TFC) to obtain their compensation after completing Rs. 5.1 b in payments.

Compensation is being paid under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) under the Central Bank.

The compensation payments to the depositors of The Finance Company PLC under the SLDILSS subject to a maximum amount of Rs. 600,000 per depositor commenced on 7 June through 63 People’s Bank branches islandwide.

The funds required for making compensations to approximately 147,000 depositors whose eligibility has been confirmed by The Finance Company PLC have already been allocated from the SLDILSS.

Accordingly, 19,279 depositors have obtained their compensation payments from People’s Bank as of 12 July and Rs. 5,175,336,249.68 (approximately Rs. 5.175 billion) has been paid to such depositors.

However, it is observed that a considerable number of depositors were yet to obtain their compensation payments. Therefore, the Central Bank of Sri Lanka hereby informs all the depositors whose eligibility has been confirmed by of The Finance Company PLC who have not yet collected their compensations to obtain the said payments from the People’s Bank.

Further information in this regard may be obtained from the following telephone numbers.

People’s Bank: 0112-481594, 0112-481320, 0112-481617, 0112-481703

Central Bank of Sri Lanka: 112-398 788, 112-477 261.