Struggle in Seylan Bank widens, Bank of Ceylon to take over Seylan
ColomboPage December 29th, 2008
Dec 29, Colombo: Central Bank of Sri Lanka has decided to appoint the Bank of Ceylon to carry on the business of controversial Seylan Bank PLC with immediate effect.
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Relates Articles:
- Seylan Bank taken over by Bank of Ceylon as instructed by the Central Bank of Sri Lanka (TamilEelam News Service)
- Sri Lanka: State takes over Seylan Bank to ‘protect entire financial sector’ (TamilNet)
- S.Lanka’s cbank dissolves Seylan board for stability (Reuters via Yahoo! Singapore News)
- S.Lanka’s cbank dissolves Seylan board for stability (Reuters via Yahoo! Philippines News)
- No risk with Seylan Bank, Sri Lanka Central Bank says