Second stage of compensation payments to The Finance Company depositors

Jun 26, 2020 (LBO) – Sri Lanka’s Central Bank has taken measures to commence the second stage of the compensation payments to the depositors of The Finance Company PLC (TFC) with effect from 02.07.2020.

In terms of this compensation mechanism Rs. 600,000/- is paid per depositor basis.

Accordingly, such payments will be taken place at 63 branches of the People’s Bank Island wide. In terms of this compensation mechanism Rs. 600,000/- is paid per depositor basis.

Under the first stage of the payment mechanism, compensation payments to individual depositors who maintain only one account i.e. nearly 105,000 depositors in total were implemented.

Under the second stage of the mechanism approximately another 38,000 depositors will be eligible to receive compensations.

Further details pertaining to the compensation to the depositors of TFC can be obtained from the following telephone numbers.

People’s Bank: 0112-481594, 0112-481320, 0112-481612, 0112-481703
Central Bank of Sri Lanka: 0112 398 788, 0112 477 261

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