ECONOMYNEXT – Sri Lanka Central Bank expects net interest margin of commercial banks to fall from the current 4 percent with economic recovery and increasing competition among banks, its Governor, Nandalal Weerasinghe said. Despite declining monetary policy rates, commercial banks have reported exorbitant profit in the first half of this year compared to the same period in 2024. The banking sector reported a profit after tax (PAT) of 187.5 billion rupees in the Jan-June period this year compared to111.8 billion rupees in the first half of 2024, recording a significant growth of 67.8 percent, the latest Financial Stability Review report…
Sri Lanka CB expects banks’ net interest rate margin to decline
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