Board Of Directors Of The Seylan Bank Suspended And Bank Of Ceylon Took Over Their Management

Monetary Board Today(29) Suspends The Board Of Directors of The Seyaln Bank One of the Leading Private Banks In Sri lanka with Immediate Effect and Allowed Bank Of Ceylon To Took Over It's Management.Mr.C.Narangoda Appointed as The New Chairman Of Seylan Bank and the Current CEO and the Bank Employees Remained Unchanged According to the Central Bank Of Sri Lanka. This Action will not Effect to the Customers Services According to the Bank Sources.The Owner Of the Seylan and Chairman of the Ceylinco Group Lalith Kotalawala Last Saturday Announced that the Debt Ceylinco Investments Owned to their Golden Credit Card holders following the Financial Freud happened there will be paid by divesting Ceylinco's shares of the Seylan Bank. Afterwards The Banking Unions Demanding the Government to Take Over The Seylan Bank. The Business of the Seylan Bank will Begin Tomorrow(30) as Usual.