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Sri Lanka’s Troubled Nation Lanka Finance Placed Under Administration

Summary by EconomyNext
ECONOMYNEXT – Sri Lanka’s central bank has appointed an administrator to run the Nation Lanka Finance Plc, using its new powers to resolved troubled banks and finance companies, after the firm failed to meet capital requirements and regulations. The central bank said the decision was taken to “safeguard the interests of depositors and creditors, as the current financial condition of the company poses a risk of further deterioration” and the stab…
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cbsl.gov.lk broke the news in on Friday, July 4, 2025.
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