Tag: New Rules to Accelerate NPL Recognition by Sri Lankan FLCs

Mar 14, 2020 (LBO) – Tighter regulation in Sri Lanka on classification and measurement of credit facilities for finance and leasing companies (FLCs) will accelerate recognition of bad loans in 2020-2022, which is likely to exert pressure on FLCs’ capitalisation due to the knock-on effects on their profitability, Fitch Ratings says. Nonetheless, the more stringent […]