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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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    End of the GK drama

    Hybrid
    Hybrid


    Posts : 745
    Join date : 2015-02-03
    Location : Colombo

    End of the GK drama Empty End of the GK drama

    Post by Hybrid Thu Oct 15, 2015 10:05 pm

    Oct 15, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to release an advance of 3.94 billion rupees from the treasury to the Central Bank for the repayment of the second stage of Golden key depositors.

    The second stage covers deposits from 2 to 10 million rupees.

    The cabinet earlier approved a repayment schedule prepared by the Central Bank for resolving the difficulties confronted by the Golden key depositors.

    As its first step the general treasury has granted an advance of 544.3 million rupees for the repayment to deposit holders who have deposits worth less than 2 million rupees.

    These advances will be reimbursed to the treasury by liquidation of assets of the Golden Key Credit Card Company, the cabinet spokesman said.

    Accordingly, the total advance for both stages will be about 4.5 billion rupees.

    Source: LBO

      Current date/time is Mon Jul 22, 2024 7:31 pm