Comments are welcome if there are new movements of change.
DFCC + NDB = Government Proposed
Union Bank + UB Finance + TPG Capital Investment (Rs.10 billion)
Sampath Bank + Siyapatha Finance
Pan Asia Bank (PABC) + Vallibel Finance
Seylan Bank + Nations Trust Bank
(according to inside employees from two banks.)
The Finance + State Mortgage and Investment Bank (SMIB)
People's Merchant Finance (PMB) + George Stuart Finance
TKS Finance + Asian Finance
Trade Finance & Investments (TFIL) + Capital Alliance Finance PLC (CALF)
Note - CLF and TFIL has invested over Rs.10 billion in government securities and both companies have been on the market for sale for a total consideration of Rs.1 billion which has been not so fruitful to date,
Survivors
Bank of Ceylon
Commercial Bank
Hatton National Bank
LB Finance
Central Finance PLC (CFIN)
On the Fence
Peoples Bank may look for Mergers