Hirunews Logo
Most+Sri+Lanka+banks+and+finance+firms+submit+merger+plans%3A+Central+Bank
Tuesday, 01 July 2014 - 12:08
Most Sri Lanka banks and finance firms submit merger plans: Central Bank
33

Shares
4,034

Views
Sri Lanka's central bank said 'almost all' banks and finance companies have submitted plans to merge or acquire others in a regulatory driven push to consolidate and reduce the number of financial institutions in the country.

The Central Banks said in a statement these plans will now be reviewed by the Central Bank with a view to facilitating the respective companies to proceed further.

In addition, as requested by the Central Bank, the Panel of Audit Firms continued their transaction management activities to facilitate the negotiation process between financial institutions in an independent manner."
Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE