The Finance Company PLC Archives

June 8, 2020

The government has decided to pay compensation up to Rs. 600,000 to all insured depositors of The Finance Company PLC (TFC) which is to be liquidated, said Cabinet Spokesperson Minister Bandula Gunawardena during the media briefing to announce Cabinet decisions June(04). He noted that the issue of finance companies under the purview of the Central […]

May 26, 2020

The Finance Company PLC (TFC), is a Finance Company, carried its finance business activities under the Finance Business Act No. 42 of 2011 (FBA) and was severely impacted by the failure of a number of financial institutions within the Ceylinco Group in 2008. Since then, the financial status of the company deteriorated gradually, leading to […]

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Measures to pay 600,000 each to The Finance depositors from Monday

Cancellation of the licence of ‘The Finance Company PLC’