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The state-run Sri Lanka Savings (SLS) Bank yesterday gave assurances that it would pay Rs. 240 million to 8,200 Pramuka Bank depositors, a senior official said.
Speaking to Daily FT, SLS Bank Chairman Asoka Somarathne said that it would repay the principal sum to depositors through funds collected from Pramuka Bank s assets and revenue generated in SLS Bank.
The disbursement of repayment certificates was conducted in the presence of FINANCE Minister Ravi Karunanayake at his ministry. SLS Bank Working Director K. Amarasinghe, National Savings Bank (NSB) Chairman Aswin de Silva and other senior management officials were also present at the event.
Many retired workers who INVESTED their savings through high interest fixed deposits suffered with the bank s closure in 2002. However, in 2007 Sri Lanka Savings Bank Ltd. was lawfully appointed to own and manage all of Pramuka Bank s assets and took all action to recover any dues.
Following the bank s closure three people committed suicide, one died of a heart attack and 14 others were left paralysed.
Rohan Nanayakkara, one of the depositors who obtained his repayment certificate, immediately returned it to the FINANCE Minister and requested that it be handed over to a paralysed depositor who was left bankrupt.
Somarathne appreciated the direct assistance provided by the FINANCE Minister in fast-tracking the process of repaying depositors.
Speaking to Daily FT, SLS Bank Chairman Asoka Somarathne said that it would repay the principal sum to depositors through funds collected from Pramuka Bank s assets and revenue generated in SLS Bank.
The disbursement of repayment certificates was conducted in the presence of FINANCE Minister Ravi Karunanayake at his ministry. SLS Bank Working Director K. Amarasinghe, National Savings Bank (NSB) Chairman Aswin de Silva and other senior management officials were also present at the event.
Many retired workers who INVESTED their savings through high interest fixed deposits suffered with the bank s closure in 2002. However, in 2007 Sri Lanka Savings Bank Ltd. was lawfully appointed to own and manage all of Pramuka Bank s assets and took all action to recover any dues.
Following the bank s closure three people committed suicide, one died of a heart attack and 14 others were left paralysed.
Rohan Nanayakkara, one of the depositors who obtained his repayment certificate, immediately returned it to the FINANCE Minister and requested that it be handed over to a paralysed depositor who was left bankrupt.
Somarathne appreciated the direct assistance provided by the FINANCE Minister in fast-tracking the process of repaying depositors.
