The Housing Development Finance Corporation Bank of Sri Lanka has appointed Nimal J. B. Mamaduwa as the General Manager /Chief Executive Officer. The effective date is January 01, 2013. The Hon.

Minister of Finance and Planning granted approval for this appointment, in terms of section 14 of HDFC Act No. 07 of 1997 (Amended by Act. No.

15 of 2003 and 45 of 2011) and the appointment will be subject to receiving the regulatory approval from the Central Bank of Sri Lanka, with regard to the "fit and proper" criteria specified in the Banking Act. Mr. Mamaduwa was the General Manager /CEO at Sanasa Development Bank PLC from the year 2006, until October 2012.