CBSL extends time to Amana Bank to raise capital | Daily News


 

CBSL extends time to Amana Bank to raise capital

The Central Bank of Sri Lanka (CBSL) has extended the time allocated to raise Amana Bank’s Core Capital to Rs 7.5 billion from January 1 to June 30 2017.

The Bank is required to increase the capital further to Rs 10 billion by January 1, 2018.

The Bank is currently in discussion with Islamic Corporation for The Development of the Private Sector (ICD) which is the Fund Manager of IB Growth Fund (Labuan) LLP-(IBGF) to seek participation in the proposed issue of shares.A Due Diligence on the Bank is to commence, by the Islamic Corporation for the development of the private sector, for such purpose. 


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