Showing posts with label MBSL. Show all posts
Showing posts with label MBSL. Show all posts

Monday, March 3, 2014

MBSL announces merger plans

The Merchant Bank of Sri Lanka (MBSL) yesterday announced that pursuant to the master plan of the Central Bank of Sri Lanka (CBSL) on consolidation of the financial sector, MBSL Savings Bank Ltd. (MSB) is now required by the CBSL to merge with Merchant Bank of Sri Lanka (MBSL) and MCSL Financial Services Ltd. (MCSL) and to operate as a licensed finance company.