The Central Bank (CB) said on Thursday that it has invited the Merchant Bank of Sri Lanka PLC (MBSL) to function as the Managing Agent of Asian Finance Ltd. (AFL) and Ceylinco Investment and Realty Ltd. (CIRL), two companies earlier under the crisis-hit Ceylinco Group.
The CB said thesee two companies had been managed by Lankaputhra Development Bank Ltd. (LDB), which has performed its initial task in establishing stability and restoring public confidence in AFL and CIRL.
LDB will work closely with MBSL to ensure the smooth transition of the Managing Agents’ functions and the strengthening of the business operations of AFL and CIRL. |
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