Finance

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.

  • October 7, 2024
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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
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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
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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
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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
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