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Sri Lanka Equity Forum » Stock Market Talk » HSBC Attempt to de stabilize Sri Lanka Economy

HSBC Attempt to de stabilize Sri Lanka Economy

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ice4083


Senior Equity Analytic
Senior Equity Analytic
Recently all foreign  shareholders having Share Investment Accounts (SIA) in HSBC Sri Lanka got a shock of their lives. HSBC has informed them that an annual charge of USD 6000 was to be levied on all SIA's from 1 June 2017. 
This charge is very unwelcome when Sri Lanka investment climate is still trying to pick up, this is a pathetic attempt by an international bank with the possibly collusion of competing nations to destabilize the governments efforts to bring in new FDIs
In their letter they have given the option to move the files to other bank's but most global payers would like to rout though HSBC for their investments and for new foreign investors  they would turn away from investing altogether when they here about these kind of unreasonable fees.
If you are effected or no someone that is affected, please write the central bank and complain.

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