Central Bank extends Nation Lanka Finance PLC Admin’s term by six months

Monday, 6 July 2026 04:41 - - {{hitsCtrl.values.hits}}

The Central Bank of Sri Lanka (CBSL) has extended the tenure of P. W. D. N. R. Rodrigo, the Administrator appointed to Nation Lanka Finance PLC (NLFP), under the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA).

“The extension has been granted to ensure the uninterrupted continuation of the resolution process of NLFP. The Administrator requires further time to advance key steps in the process, as permitted by the BSPA,” the CBSL noted.

Rodrigo, who was first appointed through the Order published in Gazette Extraordinary No. 2443/57 dated 4 July 2025, and whose tenure was subsequently extended till 3 July 2026, will continue in this role for a further period of six months, from 4 July 2026 to 3 January 2027.

During the extended term, the Administrator will maintain full control over all assets, operations and affairs of NLFP, and will continue to manage the company in accordance with the powers conferred under the BSPA. He is also required to submit the necessary reports and information to CBSL in line with statutory requirements.

This decision forms part of CBSL’s ongoing efforts, as the Resolution Authority, to safeguard the interests of the depositors, and to protect the stability and integrity of the financial system.

“All stakeholders of NLFP who have financial obligations over the company are advised to fulfil their contractual obligations toward the company in accordance with respective agreements on time only through a bank account under the name of NLFP and to maintain records for all payments. Further, all stakeholders of NLFP are kindly requested to co-operate with CBSL in this regard,” the CBSL stated.