Sri Lanka’s collapsed Nation Lanka Finance placed under administration
- CNL Reporter
- July 4, 2025
- News
- Sri Lanka
- 0 Comments
Sri Lanka’s central bank has appointed an administrator to run the Nation Lanka Finance Plc, using its new powers to resolved troubled banks and finance companies, after the firm failed to meet capital requirements and regulations.
The central bank said the decision was taken to “safeguard the interests of depositors and creditors, as the current financial condition of the company poses a risk of further deterioration” and the stability and integrity of the financial system.
“The decision for initiating resolution action had been taken consequent to a thorough assessment of the financial/non-financial condition of NLFP and after providing the company with sufficient opportunity to rectify the identified issues,” the statement said.
P W D N R Rodrigo was appointed as the Administrator for Nation Lanka for a period of six months, effective from July 04.
