Swarnamahal Financial Services business suspended

The Monetary Board of the Central Bank has suspended the business of Swarnamahal Financial Services PLC (SFSP) with effect from 5.00 p.m. yesterday (April 12) due to the company’s deteriorating financial condition and non-availability of a viable revival plan.

Following is the web link for the full statement issued by the Central Bank.

https://www.cbsl.gov.lk/en/news/suspension-of-business-of-swarnamahal-financial-services-plc