They urged the Finance Ministry coming under President Anura Kumara Dissanyake to enact binding legislation to enforce these measures. For the hundreds of thousands of MSMEs that had borrowed before these hikes, the sudden tripling of interest costs triggered a cascade of defaults and closures, MSMEs representatives claimed. However while small enterprises have suffered under these financial burdens, Sri Lanka’s banking sector recorded extraordinary gains. In the 2023-2024 financial year, total banking sector profits before tax have recorded an estimated Rs. “Banks and government coffers are flush, while MSMEs struggle to get basic working capital.”Share This Post FacebookTwitterEmail × Send Email to FriendSend Please enter valid email WhatsappDeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspaceRSS

Source: Sunday Times February 07, 2026 20:10 UTC