The Central Bank of Sri Lanka (CBSL) initiated resolution actions on Nation Lanka Finance PLC (NLFP) effective from 04.07.2025 under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023 (BSPA). This action was taken following NLFP’s continuous violations of the provisions of the Finance Business Act, No. 42 of 2011, despite the implementation of numerous regulatory measures by CBSL. Accordingly, Mr. P W D N R Rodrigo was appointed on the same day as the Administrator to assume full control over all assets, operations and affairs of NLFP, and to carry on the business and affairs of the company in the name and on behalf of the company.

We wish to inform the general public that CBSL, in its capacity as the Resolution Authority, has continuously pursued multiple strategic interventions to stabilize and resolve the position of NLFP. CBSL's extensive resolution efforts, carried out in close coordination with the appointed Administrator, involved, exploring various structural options to revive the company, actively promoting potential acquisition of NLFP by already established/stable Licensed Commercial Banks (LCB) or Finance Companies (FCs) in the financial industry and formally issuing an open invitation for expressions of interest to secure viable investors.