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Sri Lanka , Sunday 30 August 2026

Sri Lanka's banks come back from the brink as bad loans fall and credit surges 24%

Published on: Sunday 16 August 2026

Sri Lanka's banks come back from the brink as bad loans fall and credit surges 24% By Ben Aris in Berlin Sri Lanka's banks are lending again, pushing out credit at the fastest pace in years as bad loans melt away and record profits pile up. It is a striking turn for a system that, barely two years ago, was staring into the abyss. When the island defaulted on its foreign debt in 2022 and the economy shrank 7.3%, its lenders were l...


News source: https://www.msn.com/en-us/money/markets/sri-lanka-s-banks-come-back-from-the-brink-as-bad-loans-fall-and-credit-surges-24/ar-AA2ahfci

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