The Central Bank of Sri Lanka (CBSL) has cancelled the finance business licence of Nation Lanka Finance PLC with effect from July 3, 2026, and will proceed with winding up the company under the Banking (Special Provisions) Act, No. 17 of 2023.
CBSL said it had placed the company under administration on July 4, 2025, after continuous violations of the Finance Business Act despite multiple regulatory interventions.
According to the Central Bank, several attempts were made over the past year to revive the company, including exploring restructuring options, seeking acquisitions by licensed banks and finance companies, and inviting potential investors. However, none of these efforts resulted in a viable solution.
The Central Bank said…