ECONOMYNEXT – Sri Lanka’s central bank has extended by another six months the tenure of the administrator appointed to Nation Lanka Finance to ensure the continuation of the firm’s resolution process, after it failed to meet capital requirements and regulations. P W D N R Rodrigo was appointed as the administrator for Nation Lanka for a period of six months, effective from July 4, 2025. “The extension has been granted to ensure the uninterrupted continuation of the resolution process of NLFP,” the central bank said in a statement. The administrator required further time to advance key steps in the process,…
Sri Lanka regulator extends administrator’s term for troubled Nation Lanka Finance
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