Sri Lanka, Jan. 29 -- Sri Lanka's tourism sector recovering from multiple crisis, is helping banks to maintain stability and enhance liquidity, according to First Capital Research (FCR) Chief Research & Strategy Officer Dimantha Mathew said.
He noted that tourism sector is helping banks to reduce their NPLs, which would ultimately ease the burden on the banking sector and the economy. In addition, recovery of the tourism sector has also given boost to the crisis-hit construction sector, which again shows a similar impact on NPLs.
"The tourism sector started to pay off their loans, so it will come into the performing range. We are also seeing some activity in the construction sector related to tourism such as renovations and refurbishments...