Sri Lanka, Sept. 22 -- Outstanding credit card balances rose by Rs. 373 mn in July
Cumulative increase for the first seven months of 2025 reached Rs. 3.23 bn, bringing the total outstanding balance to Rs. 161.28 bn
Sri Lanka's credit card debt expanded at a slower pace in July, even as overall credit in the economy grew faster, supported by low interest rates and improving consumer sentiment.
Outstanding credit card balances rose by Rs. 373 million in July, easing from increases of Rs. 539 million in June and Rs. 534 million in May, Central Bank data showed.
This brought the total increase for the first seven months of 2025 to Rs. 3.23 billion. The total outstanding balance at the end of July stood at Rs. 161.28 billion, up 7.7 percen...