CSE transfers Securities of MBSL to Watch List

Colombo Stock Exchange (CSE) announced that the Securities of Merchant Bank of Sri Lanka and Finance PLC (MBSL) has been transferred to the Watch List by the CSE with effect from July 17, 2018 as the Audited Financial Statements of MBSL for the Financial Year ended December 31, 2017 contains an emphasis of matter on going concern pertaining to MBSL’s Subsidiary, MBSL Insurance Company Limited (MBSLI).

As at December 31, 2017 MBSL has made an impairment provision of 95.9% of the investment in MBSLI.