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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyYesterday at 3:03 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Apr 05, 2020 8:00 pm by nihal123

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Apr 04, 2020 10:23 am by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Apr 04, 2020 9:39 am by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Apr 03, 2020 8:15 pm by කිත්සිරි ද සිල්වා

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» Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Apr 02, 2020 8:49 pm by The Invisible

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Mar 29, 2020 10:10 am by LSE

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Mar 28, 2020 2:32 am by pjrngroup

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Mar 27, 2020 12:02 pm by nihal123

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Mar 26, 2020 4:26 pm by malanp

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Mar 25, 2020 7:59 pm by nihal123

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Why we need to practise social distancing
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Mar 24, 2020 8:17 pm by chutiputha

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Mar 24, 2020 6:01 pm by nihal123

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Mar 23, 2020 7:35 am by The Invisible

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Mar 21, 2020 9:49 am by The Invisible

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Mar 21, 2020 9:43 am by nihal123

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept

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Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept Empty Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept

Post by The Invisible on Wed Jan 01, 2020 9:29 am


ECONOMYNEXT – Bad loans in Sri Lanka’s banks grew to 4.9 percent of assets in the September quarter from 4.8 percent in June, while those in non-bank finance companies grew to 9.69 percent from the 9.09 percent in the aftermath of a 2018 collapse of the currency.

The rate of bad loan accumulation seems to have slowed in the banks 0.1 percent in the quarter.

So far the level of bad loans is much lower than had come from previous collapses of Sri Lanka’ soft-pegs.

After the 2008/2009 crisis, which came after a relatively long period of stability followed by a severe collapse of the US economy, bad loans spiked to 8.8 percent before beginning to fall, a new credit cycle and recovery began.

In the 2011/2012 balance of payments crisis bad loans spiked to 6.2 percent for banks.

For non-banks it was 7.56 percent.

The 2018 crisis of the flexible exchange rate however came as rates were cut and liquidity was injected from April, with only a few months of recovery from the previous liquidity injection crisis in 2015/2016.

There was barely one year of monetary stability in 2017, before instability began, that the bad loans from the two crises look as if they came from one currency crisis.

All collapses of soft-pegs or ‘flexible exchange rates’ are followed by spikes of bad loans. In currency crises in East Asia, bad loans had gone up as much 20 percent and some banks collapsed.

A prolonged period of low interest rates may help build a bigger bubble, whose collapse would be greater.



See Also


Sri Lanka's key challenge in 2020 to maintain economic stability



Sri Lanka's inflation ends at 4.8-pct in 2019



Sri Lanka rupee closes stronger, gilts ease



China terminal handles 40-pct of Sri Lanka's Colombo port box volume



Sri Lanka stocks snap four-day rally on banks, ends 2019 on a high

In the recovery phase, bad loans fall due to repayments as well as relative falls, as credit volumes recover.

A prolonged period of monetary instability and bad loans may trigger high nominal interest rates. Analysts have called for monetary stability to be restored by reforms. (Colombo/Dec30/2019)
The Invisible
The Invisible

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