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Monday, 24 September 2012 - 14:40
Sri Lanka bank credit volumes fall to 18-month low in July
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Loans from Sri Lanka's commercial banks to state and private borrowers fell to 10.1 billion rupees in July 2012, down from 13.5 billion rupees a month earlier, the lowest since January 2011, partly helped by a sovereign bond sale.

Loans to private borrowers rose 35.7 billion rupees to 2,270.6 billion rupees in July up 31.6 percent from a year earlier.

The monetary authority its policy statement for September said private credit volumes were enough to keep the economy ticking.

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