Stability Measure

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Dec 29, 2008 (LBO) – Sri Lanka’s Seylan Bank’s board of directors has been dissolved by the monetary board of the Central Bank and its operations brought under state-run Bank of Ceylon, a senior bank official said.

The Bank of Ceylon is expected to appoint a board and oversee the operations of Seylan, the official said. The Ceylinco group has already announced that it was planning to sell out of the bank to repay depositors of Golden Key Credit Card Company, which ran into a liquidity crisis.