CB pays over Rs.5.1bn to TFC depositors as compensation payments

• Says little over 19,000 depositors have obtained their payments 
• Notes funds required to pay 147,000 depositors allocated from SLDILSS 

The Central Bank yesterday said little over Rs.5.1 billion has been paid to the registered depositors of the now defunct The Finance Company PLC (TFC), from the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS). 

“…19,279 depositors have obtained their compensation payments from the People’s Bank as of 12.07.2020 and Rs.5,175,336,249.68 (approximately Rs.5.175 billion) has been paid to such depositors,” the Central Bank said in a statement.

It added that the funds required for making compensation to approximately 147,000 depositors, whose eligibility has been confirmed by TFC, have already been allocated from the SLDILSS.
However, the Central Bank noted that a considerable number of depositors have not yet obtained 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,” the statement said.

Further information in this regard may be obtained from the following telephone numbers. People’s Bank: 0112-481594, 0112-481320, 0112-481617, 0112-481703. The Central Bank of Sri Lanka: 112-398 788, 112-477 261.