November, 16, 2020
The number of active credit cards in the country increased to nearly 1,884,341 in September 2020 from 1,870,827 in August 2020. This was stated in the latest report issued by the Central Bank of Sri Lanka (CBSL) on credit cards issued by Licensed Commercial Banks (LCBs).
The country had 1,829,927 active credit cards in December 2019 and this increased by 54,414 in the first nine months up to end- September 2020.
However, the total outstanding balance of all active credits cards fell by Rs.566 million in September 2020 alone to Rs.117.53 billion. The total outstanding balance of all active credit cards in December 2019 was Rs.121,48 million and this has fell by Rs. 3.95 billion in the first nine months up to end- September 2020.