Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 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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