Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit
Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by.
Finance
Finance
FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 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.
- September 9, 2024
Economics
Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to.
- September 9, 2024
Economics
Sri Lanka’s Forex Reserves Slightly Decline to $5.649 Bn in July
Sri Lanka’s foreign exchange reserves experienced a marginal decline, reaching $5.649 billion in July 2024, down from $5.654 billion in June, according to.
- August 8, 2024
Finance
Sri Lanka’s Private Credit Grows in 2024, Government Credit Declines
Sri Lanka’s private sector credit saw a notable expansion of 146 billion rupees during the first half of 2024, according to official data..
- July 29, 2024