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PRESS RELEASE - Unauthorised Operation of US Money Lending Company Ltd.

The International Commercial Bank wishes to inform the General Public that it has come to its notice that a company operating under the name and Style of US Money Lending Company Ltd., a subsidiary of US Group of Companies, has been taking deposits and lending same to the General Public contrary to the Non-Bank Financial Institutions Act, 2008 (Act 774) the Rules and Guidelines for Tier 3 Microfinance Institutions.

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