The licence issued to The Finance Company PLC (TFC) to carry on finance business was cancelled on May 22, 2020.
The Central Bank of Sri Lanka (CBSL) has taken steps to pay compensation up to Rs. 600,000 to all insured depositors as per the Regulations of Sri Lanka Deposit Insurance and Liquidity Support Scheme.The balance amount, if any, will be settled after liquidation of properties belong to TFC. The compensation payments will be made through the People’s Bank as the agent bank appointed by CBSL for this purpose.
The first phase of the compensation payment for the individual depositors having a single deposit, will commence today at People’s Bank branch locations where TFC branches previously operated.
Further details contact these telephone numbers. CBSL - 0112-398788 and 0112-2477261, People’s Bank - 0112-481594, 0112-481320, 0112-481612 and 0112-481703.