Compensation payments for ETI Finance & SFSP depositors to be commenced from Saturday

Jul 22, 2020 (LBO) – Compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) is to be commenced from Saturday (25) through selected branches of the People’s Bank Island wide.

In terms of the regulations of the SLDILSS, maximum compensation of Rs. 600,000/- per depositor will be paid through 45 branches of People’s Bank Island wide, the Central Bank said in a statement.

The depositors of ETIFL and SFSP are requested to submit originals of deposit certificates, identification details and other required documents to the respective branch of People’s Bank.

“The necessary funds for paying compensations to all the depositors/ legal beneficiaries confirmed by ETIFL and SFSP has already been allocated by SLDILSS,” the Central Bank said.

“The CBSL has taken all required measures to ensure that the compensation procedure is implemented in an efficient and effective manner.”

For more information:

People’s Bank: 0112 481 594, 0112 481 320, 0112 481 617, 0112 481 703
Central Bank: 0112 398 788, 0112 477 261