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» Obituary Notice.
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Jan 12, 2020 9:16 pm by lanka

» In the Meantime, Within Our Shores !
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySun Jan 12, 2020 10:46 am by කිත්සිරි ද සිල්වා

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Jan 10, 2020 9:42 am by කිත්සිරි ද සිල්වා

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Gota's Era
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Jan 09, 2020 9:53 am by yellow knife

» Tokyo Cement
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 08, 2020 4:32 pm by LSE

» Tourism Sector
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 7:48 pm by Rana

» Thread for News on CSE and SL Economy
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 7:42 pm by nihal123

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 10, 2019 5:23 pm by Backstage

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyTue Dec 10, 2019 12:31 pm by Rana

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Dec 09, 2019 6:41 pm by soileconomy

» East West properties
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptyMon Dec 09, 2019 10:01 am by LSE

» MHDL Millennium Housing
Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept EmptySat Dec 07, 2019 12:35 pm by pure equity

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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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