Background

LankaClear's inception can be traced to the former Sri Lanka Automated Clearing House (SLACH) owned by the Central Bank of Sri Lanka (CBSL). In 2002 the CBSL took a policy decision to divest the activities of the SLACH and together with all licensed commercial banks operating in Sri Lanka.

On 8th February 2002 LankaClear (Pvt) Ltd was incorporated under the guidance of the Central Bank, entrusting the ownership and operations formally carried out by SLACH. The company commenced operations on the 1st of April in the same year.

LankaClear (Pvt) Ltd is considered one of the best Public Private Partnerships in the region. The company is owned by the Central Bank and other licensed commercial banks operating in the country.

The role of LankaClear as the operator of Sri Lanka’s National Payment Network

company Name

LankaClear (Private) Limited

Registered Office and Principal Place of Business

  • Level 18, Bank of Ceylon Head Office,
  • "BOC Square",
  • No.1, Bank of Ceylon Mawatha,
  • Colombo 1, Sri Lanka.

Composition of the Board of Directors

The Chairman is appointed by the Governor of the Central Bank of Sri Lanka, in accordance with the Articles of Association.

Two Directors represent the Central Bank of Sri Lanka.

Two Directors represent the two state banks, ie Bank of Ceylon and People’s Bank

Three Directors are nominated by the Sri Lanka Banker’s Association, two of whom represent the private local commercial banks and the other represents foreign banks.

The Secretary General of the Sri Lanka Banker’s Association constitutes the final Board member, who participates as an observer and is usually invited to express his views.

company secretaries

  • Managers & Secretaries Pvt Ltd
  • 8, Tickell Road
  • Colombo 08

Tel : +94 11 2015900

Fax : +94 11 2015950

external auditors

  • M/s Ernst & Young
  • Chartered Accountants
  • No 201, De Saram Place
  • Colombo 10

Tel : +94 11 2463500

Fax : +94 11 2697369

internal auditors

  • M/s B R De Silva & Company
  • Chartered Accountants
  • No 22/4, Vijaya Kumaranatunga Mawatha
  • Colombo 05

Tel : +94 11 4510368

Fax : +94 11 4512404

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