Seylan Bank Asset Management sells government bonds online

Seylan Bank Asset Management Ltd. launched a web site becoming the first primary dealer to sell government securities online, last week. Seylan Bank Asset Management Ltd. launched a web site becoming the first primary dealer to sell government securities online, last week. Speaking at the launch Ceylinco Chairman Lalith Kotelawala requested the Central Bank for more branches and ATM machines in the island, especially in the rural areas.

“We have to bring it to every nook and corner of Sri Lanka’s remotest villages,” he said.

“I ask the Central Bank, please let us free, we want more branches and service centers. We need to reach the people to reach the people who really need us. We need branches in places like Thanthrimale.”

“This archaic system of approving every branch; every ATM machine and every machine is ridiculous. It takes six months or one year or seven months to open a branch,” he noted.

-LBR Newsdesk: LBOEmail@vanguardlk.com

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