Sri Lanka consumption loans driven by 140-pct surge in vehicle loans

Sri Lanka consumption loans driven by 140-pct surge in vehicle loans

ECONOMYNEXT – Sri Lanka’s consumption loans, the largest credit segment in the banking sector totaling 2.3 trillion rupees, grew 11 percent in the year to the June 2025 quarter, driven by vehicle credits, the central bank said in a Financial Stability Report. Leasing and hire purchase facilities grew 140.5 percent by end 2Q, after import controls were relaxed in February 2025. Vehicle loans are considered ‘consumption’ though the asset have long…