On the guidance of the Central Bank of Sri Lanka, the National Savings Bank board of directors has been entrusted to manage Entrust Securities PLC as its board of directors with effect from 12 January 2016, its company secretaries have informed the Colombo Stock Exchange.
Accordingly, the board of directors at Entrust Securities PLC would comprise Ashwin de Silva (Chairman), D.L.P.R. Abeyratne (Director), A.K.Seneviratne (Director), Suranga Naullage (Director), Ajith Pathirana (Director), Anil Rajakaruna (Director) and Chandima Hemachandra (Director).
Meanwhile, National Savings Bank general Manager/Chief Executive Officer S.D.N. Perera has been appointed to the same position at Entrust Securities PLC as well.
While Ms. M.A.P. Muhandiram has been appointed the new secretary of Entrust Securities PLC, the address of the National Saving Bank’s headquarters at Kollupitiya would be used as the address for Entrust Securities PLC as well.
Trading of Entrust Securities PLC shares had been suspended on 05 January 2016 following the management of Entrust Securities PLC being acquired by the National Savings Bank.
The Entrust Securities PLC financial report for the period ending 31 December 2015 was released today (01 March) and it showed a loss of 81 per cent from Rs. 312 million to Rs. 60.6 million.