Treasury allocates Rs.544 million for Golden Key depositors
October 15, 2015 02:22 pm
The repayment schedule prepared by the Central Bank of Sri Lanka (CBSL) for resolving the difficulties confronted by the deposit holders of the Golden Key Credit Card Company Limited (GKCCCL) has already been approved by the Cabinet of Ministers.
As its first step the General Treasury has granted an advance of Rs. 544.3 million for the repayment to deposit holders who have deposits worth less than Rs. 2 million.
The proposal made by Ravi Karunanyake, Minister of Finance, to release an advance of Rs. 3,945.6 million from the General Treasury to the CBSL for the repayment of the second stage for depositors holding deposits from Rs. 2 – 10 million and to reimburse the said amount to the General Treasury by liquidation of assets of the GKCCCL, was approved by the Cabinet of Ministers.