The Central Bank of Sri Lanka has extended the term of the administrator appointed to Nation Lanka Finance PLC by a further six months, to ensure the uninterrupted continuation of the company’s resolution process.
In a statement, the Central Bank of Sri Lanka said the tenure of Mr. P. W. D. N. R. Rodrigo, appointed under the Banking (Special Provisions) Act, No. 17 of 2023, will now run from January 4, 2026 to July 3, 2026.
Mr. Rodrigo was initially appointed through an order published in Gazette Extraordinary No. 2443/57 dated July 4, 2025, to oversee the affairs of Nation Lanka Finance PLC amid regulatory intervention.
The central bank said the extension was granted to allow additional time to advance key stages of the resolution process, including the implementation of an appropriate resolution tool as permitted under the Banking (Special Provisions) Act. (Newswire)
