Tuesday, 17 December 2013 - 11:14
Sri Lanka bank credit to state, business, up in October
Sri Lanka's commercial bank credit to the state surged in October 2013 following a net payback in September, while credit to business also rose.
Credit to the central government rose 36.7 billion rupees in October 2013 to 1,329 billion rupees, after falling 50.3 billion rupees in September to 1,292.3 billion rupees from 1,342.6 billion rupees in August.
In October credit to state enterprises fell 12.5 billion rupees to 326.8 billion rupees, for the third straight month, pointing to improved finances in state energy enterprises, which are the biggest borrowers.