Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Non-performing loan ratio is rising continuously at alaming phase

Bank & FinanceDec 7, 2022
Non-performing loan ratio is rising continuously  at alaming phase

Stage 3 loans to total loans and advances have jumped to 35% among the specialized Leasing companies, while the banking sector NPL has rosed to 11% from 9%. The debt moratorium is expected to end by year-end, which may increase the NPLs further in the next few quarters.

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