The Monetary Board of Central Bank of Sri Lanka has appointed several new Directors and has also issued necessary directions for the future conduct of business under a new restructuring plan for The Finance Company. 

The Monetary Board has further decided to provide a long term facility from the Sri Lanka Deposit Insurance and Liquidity Support Scheme with immediate effect, to support the liquidity  requirements of the Company in keeping with the envisaged business  model.

The Monetary Board is of the view that with the further strengthening of  TFC, it would now be in a position to attract a suitable strategic investor  in accordance with the consolidation programme announced by the Central Bank for the financial sector.

At the same time, of the existing directors, M P Jayawardena (Chairman/Non-Executive Director) and C Rosa (Non-Executive Director), had indicated that they would not be available for consideration to be re-appointed for the reconstituted board of TFC. Accordingly, the newly constituted Board of Directors of the TFC would be the following,

Dr. S H A M Abeyratne, PhD (Chairman) S Rajapaksha, FCA (Deputy Chairman) A P Lekamge, MBA (Managing Director) Dr. T Senthilverl, (Non-Executive Director) R Ahukorala, MBA (Non-Executive Director) T B Ekanayake, Attorney at Law & Notary Public (Executive Director) R D Abeywickrama, ACA (Executive Director)