Sri Lanka’s NSB hit by Rs7.9bn NPLs; COPE flags ‘illegal’ Maldivian loan

Sri Lanka’s NSB Faces Rs7.9 Billion in Non-Performing Loans Amid COPE’s Concerns Over ‘Illegal’ Maldivian Loan

According to a report by the Committee on Public Enterprises (COPE), Sri Lanka’s state-owned National Savings Bank (NSB) is grappling with non-performing loans (NPLs) amounting to 7,972 million rupees. This includes a significant loan to a foreign entity, as stated by the bank’s chair, Nishantha Samaraweera, during a parliamentary session. The investigation targeted the bank’s outstanding loan balances that exceeded 5 million rupees as of Septem…

Sri Lanka’s NSB hit by Rs7.9bn NPLs; COPE flags ‘illegal’ Maldivian loan

ECONOMYNEXT – A report by the Committee on Public Enterprises (COPE) found that Sri Lanka’s state-owned National Savings Bank (NSB) has 7,972 million rupees in non-performing loans (NPLs), including a multi-million dollar facility to a foreign firm, its chair told parliament. “The investigation focused on the bank’s outstanding loan balances exceeding Rs. 5 million as of September 30, 2025. Under this category, out of a total of Rs. 96,046 milli…