Licensed Finance Companies

Company-wise Key Financial Data

As at 04.07.2025

Note 1: Due to inability of the company to comply with regulatory capital requirements and/or  adhere to the Master Plan for Consolidation of NBFIs (Master Plan) following regulatory restrictions have been imposed.

a.) A Lending Cap
b) A Deposit Cap
c) Ceased Granting of Certain Types of Loans
d) Freezed acceptance of New Deposits
e) Offering interest rates 100 basis points lower than the maximum interest rates payable on deposits by Licensed Finance Companies.
f) Ceased mobilizing public funds

Note 2: The Commercial High Court of Colombo ordered that the winding up of ETI Finance Limited be carried out subject to the Supervision of the Court on the 15th day of December 2023. Further, the Court ordered that Mr. Gerard Jeevananthan David, C/o, S J M S Associates, 3rd Floor, No. 11, Castle Lane, Colombo 04 be appointed as the Liquidator of ETI Finance Limited.

Note 3: Nation Lanka Finance PLC has continuously been violating/contravening provisions of the Finance Business Act No. 42 of 2011 (FBA). Accordingly regulatory actions have been initiated in terms of Section 37(1) of the FBA). Resolution actions have been initiated under the provisions of the Banking (Special Provisions) Act, No. 17 of 2023 with effect from 04.07.2025 and accordingly, an administrator has been appointed to the Company.