Finance

FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024

  • September 9, 2024

First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to 10-12% by mid-2025. This projection comes amidst slow economic conditions, weak demand for credit, and a lag in the reduction of new loan rates. The Average Weighted Prime Lending Rate (AWPLR) dropped

Read More
Economics

Sri Lanka’s Private Sector Credit Grows by Rs.146 B

  • July 25, 2024

Sri Lanka’s credit to the private sector has expanded by Rs. 146 billion in the first half of 2024, with a notable increase of Rs. 74 billion in June alone, according to data from the Central Bank. This represents a 2% expansion in private credit for the first half of the year, which is lower

Read More