New Bank

Starting Up June 30, 2014 (LBO) - Cargills Bank Plc, Sri Lanka's newest commercial bank promoted by listed Cargills (Ceylon) Plc and CT Holdings opened for business Monday. The bank was issued a provisional license shortly before the Central Bank started a process to consolidate the banking sector.
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Central Bank Governor Nivard Cabraal said as Sri Lanka emerged from a 30-year war and already the changes were beginning to be seen and the new bank could grow with the country.



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Chairman Louis Page said the bank will cater to all social and income groups.

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Managing Director Haris Premaratne said key Sri Lankan business groups and entrepreneurs including Merril J Fernando, Mahesh Amalean, Ashok Pathirage, Melwa group, Hydramani group, Phoenix Ventures, Ishara Traders and Lalan Rubbers had invested in the bank.

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