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.