Cherry Picking

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank. Chairman Lal Nanayakkara says screened partners may be invited to invest, instead of having a tender that is open to all comers. With a Rs. 3 bn equity deficit, and a Rs. 8 bn gap to reach minimum capital requirements, the bank is seeking a new comfort letter from the Treasury.rn

rnBelow is a list of LBO Reports on Peoples Bank restructuring and other related articles. rn
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