• Last Update 2024-07-20 13:22:00

Sri Lanka’s two state banks headless

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Sri Lanka’s two state banks, the Bank of Ceylon and People’s Bank, are functioning virtually headless as the two nominees of President Maithripala  Sirisena are yet to assume duties as chairpersons of  the two banks, a spokesman of the Ceylon  Bank Employees Union (CBEU) said. 
 
Ms. Sujatha Perera and Ms. Damitha de Soyza have been nominated by the President for the posts of Chairpersons of the Bank of Ceylon and the People's Bank, Presidential Secretariat sources confirmed.
 
But both of them were still to assume duties, the CBEU spokesman said adding that the President should intervene and fill the void created in the two banks following his action to dissolve the Board of Directors of the two banks on October 18. 

The new Boards of Directors were also yet to be appointed, he disclosed. 
 
He noted that the Secretary to the President had communicated that the President wishes to reconstitute the boards, hence requested the members of the board to resign
 
People’s Bank Chairman - Hemasiri Fernando tendered his resignation to former minister Lakshman Kiriella on October 22.
 
But Bank of Ceylon Chairman Ronald C Perera has not tendered his resignation. However even Mr. Perera is not reporting for duty at present, he revealed. (Bandula)

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