ETI and Swarnamahal depositors to be compensated from July 25

22 July 2020 12:47 pm - 4     - {{hitsCtrl.values.hits}}

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Central Bank of Sri Lanka (CBSL) has taken measures to pay maximum compensation of Rs. 600,000 per depositor of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) from July 25.

The CBSL in a statement said the compensation payments will be paid from the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS), upon suspension of the finance businesses of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) with effect from July 13, 2020.

“Accordingly, compensation payment will be paid through 45 selected branches of the People’s Bank Island wide.

Accordingly, the necessary funds for paying compensations to all the depositors/ legal beneficiaries confirmed by ETIFL and SFSP has already been allocated by SLDILSS and the CBSL has taken all required measures to ensure that compensation procedure is implemented in an efficient and effective manner.

The depositors of ETIFL and SFSP are hereby requested to extend their maximum cooperation towards this compensation payment programme by submitting originals of deposit certificates, identification details and other required documents to the respective branch of People’s Bank.  

Further details pertaining to the compensation to the depositors of ETIFL and SFSP can be obtained from the following telephone numbers.

People’s Bank: 0112 481 594, 0112 481 320, 0112 481 617, 0112 481 703 and the Central Bank of Sri Lanka: 0112 398 788, 0112 477 261,” the CBSL said.

 

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  Comments - 4

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  • Chux Wednesday, 22 July 2020 01:40 PM

    Another election gimmick

    Sinna Wednesday, 22 July 2020 01:43 PM

    Central bank should be fair with depositors,they stii enjoy super rich life, freeze all their assets, and distribute among rightful owners,depositors,we believe you are bribe by this sinhala chetties,to coverup ,hidden wealth

    Sando Wednesday, 22 July 2020 02:01 PM

    Thank GR/MR for dealing with the LTTE/ISIS and its dummy fronts......so many.

    imaduwa Vithanage Edirisinghe Wednesday, 22 July 2020 02:33 PM

    Thank you for the decision. Some years ago I deposited Rs. 200,000 with ETI Mt.Lavinia branch. I meant by doing it to supplement my expenditure for medicine. I have had to drop certin items of prescribed medicine due to this ETI collapse for which owners are totally responsible. Thank you CBSL.


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