Sri Lanka, July 17 -- The Finance Houses Association of Sri Lanka (FHA) said that the post COVID recovery of non-banking financial institutions (NBFIs) would be sooner than expected provided that there is no second wave of Covid-19, FHA Chairman R.H. Abeygoonewardena said.
He said that the main reason for this is that the sector is not very large and the feedback they get from the stakeholders are positive. The NBFIs have also attracted more funds from international development financing agencies, compared to the banking sector over the years.
"NBIF sector has grown by over 20% annually from 2013, up to now to Rs.1.3 trillion while its loan disbursements have recorded over 21% growth during the same period to Rs.1.06 trillion."
During th...