No

Name & Address

Associated Motor Finance Co. PLC
89, Hyde Park Corner
Colombo 2

(Arpico Finance Co PLC has been amalgamated with Associated Motor Finance Co PLC with effect from 01.04.2021.)

Bimputh Finance PLC
362, Colombo Road, Pepiliyana
Boralesgamuwa

(Due to inability of the company to comply with regulatory capital requirements, Bimputh Finance PLC was given an opportunity for consolidation under the Master Plan for Consolidation of NBFIs which has not materialized to date and currently the company has been imposed with the following regulatory restrictions.

a. Freeze acceptance of new deposits
b. Freeze granting of new loans
c. Repay deposit base of the company within six months (from 03.06.2022).)

CBC Finance Ltd
(Previously known as Serendib Finance Ltd)
187, Katugastota Road
Kandy

Central Finance Co.PLC
270, Vauxhall Street
Colombo 2

Commercial Credit & Finance PLC
No. 165, Kynsey Road
Colombo 08

(Trade Finance and Investments PLC has been amalgamated with Commercial Credit & Finance PLC  with effect from 31.12.2020)

ETI Finance Ltd
114, Ward Place
Colombo 7

(The Monetary Board has decided to cause Director, Supervision of Non-Bank Financial Institutions to make an application to a competent court for the winding up of ETI Finance Limited, in terms of Section 31(5)(b) of the Finance Business Act, No. 42 of 2011.)

(94) 11 7977977
(94) 11 5200111
info@fintrexfinance.com
www.fintrexfinance.com

HNB Finance PLC
168, Nawala Road
Nugegoda

(Under the Masterplan for Consolidation of NBFIs, Prime Finance PLC has been amalgamated with HNB Finance PLC with effect from 12.05.2022.)

(94) 11 2176262
(94) 11 2176263
info@hnbfinance.lk
www.hnbfinance.lk

Kanrich Finance Ltd
69, Ward Place
Colombo 7

(Due to inability of the company to comply with regulatory capital requirements, Kanrich Finance Limited was given an opportunity under the Masterplan for Consolidation of NBFIs. Accordingly, Kanrich Finance Limited is in the process of executing a consolidation transaction to settle public deposit liabilities. In addition, acceptance of public deposits by Kanrich Finance Limited was ceased with effect from 20.04.2022.)

(94) 11 5889300
(94) 11 2662875
info@lolcdevfin.com
www.lolc.com

LOLC Finance PLC
100/1, Sri Jayawardenapura Mawatha
Rajagiriya

(Under the Masterplan for Consolidation of Non-Bank Financial Institutions being implemented by the Central Bank of Sri Lanka, Sinhaputra Finance PLC has been amalgamated with Commercial Leasing and Finance PLC on 21.03.2022 and subsequently Commercial Leasing & Finance PLC has been amalgamated with LOLC Finance PLC on 31.03.2022)

Multi Finance PLC
275/75, Prof. Stanley Wijesundera Mawatha
Colombo 7

(LB Finance PLC acquired 64.63% of ordinary voting shares of Multi Finance PLC by investing Rs.400 Mn under the Master Plan for Consolidation of NBFIs.)

Nation Lanka Finance PLC
690, Galle Road
Colombo 03

(Due to inability of the company to comply with minimum regulatory capital requirements, the following regulatory restrictions have been currently imposed on Nation Lanka Finance PLC.

a. A deposit cap of Rs. 7.3 Bn
b. Downsizing deposits and loans & advances by Rs. 100 Mn and Rs. 50 Mn, on monthly basis.)

Tel.
Fax
E-mail
Website

Softlogic Finance PLC
13, De Fonseka Place
Colombo 4

(Due to inability of the company to comply with regulatory capital Adequacy requirements (CARs), Softlogic Finance PLC has been imposed with the following regulatory restrictions with effect from 27.06.2022.

a. A lending cap of Rs. 18.2 Bn on net loans and advances. However, the company may continue granting cash back loans, pawning advances, gold loans and other related claims secured by gold which does not create any adverse impact on CARs.
b. A deposit cap of Rs. 17 Bn.
c. Offering interest rates 100 basis points lower than the maximum interest rates payable on deposits as announced by the Director, Department of Supervision of Non-Bank Financial Institutions’ letter dated 18th April 2022 on Amendments to the Maximum Interest Rates on Deposits and Debt Instruments by Licensed Finance Companies.

The company requires to submit a viable capital restoration plan to comply with CARs to the Director, Department of Supervision of Non-Bank Financial Institutions within 30 days from 27.06.2022.)

Swarnamahal Financial Services PLC
69/A, R G Senananyake Mawatha (Gregory's Road)
Colombo 07

(The Monetary Board has issued a notice of cancellation of the licence to this Company under the provisions of Finance Business Act, No. 42 of 2011)