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The credit card industry has seen a marginal but welcome growth in November 2021 after suffering rare cancellations in October.
As per CBSL data, at the end of November, there were 1.902 million active credit cards in operation, up from 1.894 million in the previous month. October saw cancellation of around 60,000 cards as opposed to the September base of 1.956 million. Though November saw a rebound, the market has more room for growth to revert to the end of September base.
By end-November, the total outstanding balance was Rs. 128 billion, up from Rs. 124 billion in October and Rs. 121 billion in September.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.