The Central Bank of Sri Lanka (CBSL) has extended the tenure 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 CBSL said the term of Mr. P. W. D. N. R. Rodrigo, appointed under the Banking (Special Provisions) Act, No. 17 of 2023, has been extended 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 following regulatory intervention.
The Central Bank said the extension was granted to provide additional time to progress key stages of the resolution process, including the implementation of an appropriate resolution tool as permitted under the Banking (Special Provisions) Act.
