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Sunday, 11 March 2012 - 8:04
Credit to state zooms in Jan, private credit lower
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Credit to business from Sri Lanka's commercial banks fell to 44.5 billion rupees in January 2012 from 60.2 billion rupees a month earlier, but credit to the state zoomed to a new monthly peak 73.7 billion rupees.

Total credit to government from the banking system increased 53.3 percent to 926.8 billion rupees by end January 2012 from 833.6 billion rupees a month earlier, central bank data showed.

In January credit to state enterprises rose 3.2 billion rupees to 201.7 billion rupees.

Borrowings by state enterprises rose from 120.7 billion in April to 198.5 billion in November 2012.

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