Rs.
10 billion in deposits withdrawn after Golden Key fiasco
Near Rs. 1 billion extra prudential provisioning leads to
Rs. 38 m profit in 2008 (Rs. 684 million fourth quarter
loss) from Rs.923 m profit in 2007
New management affects ‘radical transformation’
for long-term viability
The
Golden Key fiasco had a telling effect on Seylan Bank which
had apparently suffered a near Rs. 10 billion withdrawal in
deposits whilst as a prudential move to ensure better viability
the new management had also “cleaned up” the Balance
Sheet.
Lahore,
PAKISTAN : Sri Lankan cricket team members disembark
from a Pakistani military helicopter onto the playing
surface at The Gaddafi Stadium in Lahore on March 3, 2009.
Pakistani air force helicopters evacuated the Sri Lankan
cricket team -- including two players on stretchers --
from the stadium after a deadly ambush. AFP
