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Seylan Bank controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2008

    Golden Key-related liquidity crisis

    The failure of Golden Key Credit Card Company, an unregulated company associated with the Ceylinco group, led to customer repayment problems and a major loss of confidence. Alleged financial mismanagement involving Seylan's former chairman contributed to liquidity pressure at the bank. The Central Bank of Sri Lanka responded by placing Seylan under Bank of Ceylon control on 28 December 2008.

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