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Message [Page 1 of 1]
Cargills Bank Ltd Wed Jan 22, 2014 3:08 pm
Re: Cargills Bank Ltd Wed Jan 22, 2014 5:32 pm
Re: Cargills Bank Ltd Wed Jan 22, 2014 5:52 pm
Re: Cargills Bank Ltd Wed Jan 22, 2014 7:12 pm Re: Cargills Bank Ltd Wed Jan 22, 2014 7:56 pm@K.Haputantri wrote:Recently the CB announced that there are too many banks & finance companies and they even sujested merger of weak banks with the strong.
?What is the rationale in issuing new licenses for banks. ?Why cant they stick to the declared policy. This is disgusting.
Re: Cargills Bank Ltd Wed Jan 22, 2014 8:00 pm Re: Cargills Bank Ltd Wed Jan 22, 2014 8:03 pm
@Gaja wrote:@K.Haputantri wrote:Recently the CB announced that there are too many banks & finance companies and they even sujested merger of weak banks with the strong.
?What is the rationale in issuing new licenses for banks. ?Why cant they stick to the declared policy. This is disgusting.
They were given the provisional Approval on 06.09.2011 - http://www.cse.lk/cmt/uploadAnnounceFiles/6061315371883_457.pdf
Mr. Harris Premaratane was took the office as CEO from 01.01.2012 - http://www.cargillsceylon.com/mediacentre/News.aspx?newsId=0260
Around March 2013 IFC & DEG each bought 10% share - http://www.cse.lk/cmt/uploadAnnounceFiles/4401362741499_457.pdf
They even take some places around colombo for the branch network
Re: Cargills Bank Ltd Wed Jan 22, 2014 11:19 pm
@Redbulls wrote:@Gaja wrote:@K.Haputantri wrote:Recently the CB announced that there are too many banks & finance companies and they even sujested merger of weak banks with the strong.
?What is the rationale in issuing new licenses for banks. ?Why cant they stick to the declared policy. This is disgusting.
They were given the provisional Approval on 06.09.2011 - http://www.cse.lk/cmt/uploadAnnounceFiles/6061315371883_457.pdf
Mr. Harris Premaratane was took the office as CEO from 01.01.2012 - http://www.cargillsceylon.com/mediacentre/News.aspx?newsId=0260
Around March 2013 IFC & DEG each bought 10% share - http://www.cse.lk/cmt/uploadAnnounceFiles/4401362741499_457.pdf
They even take some places around colombo for the branch network
Plus there were issues related to one of their office building, One of the top politicos need the building for his associates business bla bla......
Seems to be sorted after some compromise. I'll Update later if possible and acceptable.
Re: Cargills Bank Ltd Wed Jan 22, 2014 11:22 pm@K.Haputantri wrote:Recently the CB announced that there are too many banks & finance companies and they even sujested merger of weak banks with the strong.
?What is the rationale in issuing new licenses for banks. ?Why cant they stick to the declared policy. This is disgusting.
Re: Cargills Bank Ltd Thu Jan 23, 2014 8:45 am
@Leon wrote:@K.Haputantri wrote:Recently the CB announced that there are too many banks & finance companies and they even sujested merger of weak banks with the strong.
?What is the rationale in issuing new licenses for banks. ?Why cant they stick to the declared policy. This is disgusting.
My initial reaction was the same as you. I think only last week CB realized there are too many Banks and NBFI. By then CB had granted the approval for Cargills Bank.
Re: Cargills Bank Ltd Thu Jan 23, 2014 4:35 pm Message [Page 1 of 1]
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