3 sources
Vehicle and gold-backed loans account for nearly a quarter of Sri Lanka’s credit
Vehicle and gold-backed loans accounted for nearly a quarter of all credit extended by Sri Lanka's banks and finance companies by end-Ju
Summary
Gold-backed loans alone represented 21.4% of their credit portfolio, up from 19.4%. Gold-backed lending increased 59.8%, contributing 25.8% to the expansion. Stage 2 loans, which indicate a significant increase in credit risk, rose 75.5% for vehicle-backed lending and 279.2% for gold-backed lending in the year to June 2026.
What this story is about
People
- Nandalal Weerasinghe2
- Chandranath Amarasekara
Organisations
- Central Bank of Sri Lanka3
- Credit Information Bureau
Places
- Sri Lanka3
- United States
Keywords
- backed3
- loans3
- gold3
- financial2
- quarter2
- vehicle2
- nearly2
- account
- report
- sector
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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3 newsrooms have reported this story
CBSL flags financial risks from surge in vehicle & gold-backed loansSri Lanka Mirror
Nearly a quarter of Sri Lanka’s financial sector loans backed by vehicles, gold: ReportEconomyNext