Central Bank Deputy Governor
'During the last two years, we have been struggling to resolve issues of finance companies so we would be continuing with the resolution framework. Some of them have said there are difficulties to revive, therefore we have decided to take some measures on them,' Karunaratne told reporters on Friday
'Right now, the situation is we are again trying to see whether we can have one more EOI because TFC has said that when the EOI was brought the last time, there wasn't a conducive environment in the country to get the investors, so we are trying to see whether we can float an EOI. That will be done by the company. It will be done within this week. Limited time will be allowed for investors to come in and see, otherwise we will have to cancel the licence again.'
In the three months ended on 30 June, The Finance reported a pre-tax loss of
Total liabilities amounted to
© Pakistan Press International, source