Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Insurance Plan

Sharhan Muhseen and Raja Senanayake

Apr 29, 2010 (LBO) - Sri Lanka will take over 'abandoned property' of depositors in banks to start a mandatory deposit insurance scheme, the island's central bank, which is the banking regulator, has said.
online pharmacy buy abilify with best prices today in the USA

buy cenforce online https://yourolddog.com/wp-content/uploads/2020/08/png/cenforce.html no prescription pharmacy

online pharmacy buy valtrex with best prices today in the USA

The central bank said it had 'temporary custody' of 371 million rupees of 'abandoned property' unclaimed by depositors in licensed commercial banks of the country.

"These funds are to be transferred to the Consolidated fund of the Government Treasury for contribution as initial capital for the establishment of a mandatory Deposit Insurance scheme," the Central Bank said in its 2009 annual report.

The take-over of abandoned assets created a controversy at one time with some Tamil citizens in particular who had fled the country during a 30-year war raising concerns that they would not be able to reclaim their deposits.

online pharmacy buy diflucan with best prices today in the USA

buy minocin online https://qpharmacorp.com/wp-content/uploads/2023/08/png/minocin.html no prescription pharmacy

online pharmacy buy glucophage with best prices today in the USA

But the regulator had said that depositors and their heirs would be able to reclaim their moneys.

online pharmacy buy keflex with best prices today in the USA

Sri Lanka had a voluntary deposit insurance scheme at one time but it failed to gain widespread support.

A deposit insurance scheme operates by charging a fee from depositors and is usually limited to retail deposits with a ceiling. Deposit insurance may encourage mora

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x