US EditionSri Lanka banks say parate action only on 1-pct of NPLs, not a first resort
Summary by EconomyNext
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.1 Articles
1 Articles
All
Left
Center
Right
Sri Lanka banks say parate action only on 1-pct of NPLs, not a first resort
ECONOMYNEXT – Sri Lanka Banks’ Association said parate execution (foreclosure of mortgaged assets) has been made only on 1 percent of non-performing loans from 2019 to 2023 and it is a last resort to protect depositor’s funds. During the last currency crisis and Coronavirus pandemic where bad loans climbed to 13 percent, the government suspended parate law up to March 2025 and banks extended a moratorium by another three months for borrowers to …
Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center0Last UpdatedBias DistributionNo sources with tracked biases.
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
