The proposed Cargills Bank project is facing various problems due to having been given a partly authorised banking operation license by the Central Bank.
The CB is yet to grant approval for Cargills Bank to open its branches at its Food City outlets island wide, althoughthe latter has already recruited experienced staff, including two managers per each branch.
The recruitment have become a waste due to the CB’s permission for Cargills Bank to have only five branches.
The CB is yet to issue the license, but the Cargills Bank has been forced to pay salaries for the staff for several months even without starting operations.
The Cargills Bank will have Ranjith Page as its chairman, and CT Holdings and Cargills will own a 30% stake, while the EPF, International Finance Corporation, a German firm, Mas Holdings, Brandix, Dilmah Tea, Lalan Rubber, Melwa, Softlogic Holdings, Asian Alliance and AIA Insurance have also invested in it.
www.srilankamirror.com
The CB is yet to grant approval for Cargills Bank to open its branches at its Food City outlets island wide, althoughthe latter has already recruited experienced staff, including two managers per each branch.
The recruitment have become a waste due to the CB’s permission for Cargills Bank to have only five branches.
The CB is yet to issue the license, but the Cargills Bank has been forced to pay salaries for the staff for several months even without starting operations.
The Cargills Bank will have Ranjith Page as its chairman, and CT Holdings and Cargills will own a 30% stake, while the EPF, International Finance Corporation, a German firm, Mas Holdings, Brandix, Dilmah Tea, Lalan Rubber, Melwa, Softlogic Holdings, Asian Alliance and AIA Insurance have also invested in it.
www.srilankamirror.com
No comments:
Post a Comment