CB requests CIFL depositors to submit their details of deposits

Mar 26, 2018 (LBO) – Sri Lanka’s Central Bank has requested all CIFL depositors to submit the details of deposits that they have placed with the finance firm and loans obtained from them in a bid to consider the repayment of insured deposits.

Central Bank said the purpose of this is to obtain the details of the deposits placed with CIFL and loans obtained from CIFL by individuals and other legal entities for the consideration of repayment of insured deposits as per the provisions of the Sri Lanka Deposit Insurance and Liquidity Support Scheme.

Central Bank added that all customers of CIFL are required to pay their contractual obligations to CIFL in accordance with the terms and conditions in their agreements.

The licence issued by the Central Bank to Central Investments and Finance to carry on finance business and the Certificate of Registration of CIFL as a Registered Finance Leasing Establishment has been cancelled with effect from 05.03.2018.

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