Sri Lanka private credit fall to three year low in April

Monday, 17 June 2013 - 12:13

Sri+Lanka+private+credit+fall+to+three+year+low+in+April

Sri Lanka's credit to private business fell to a three year low of 7.6 billion rupees in April 2013 the lowest since May 2010, with state borrowings continuing to crowd out other loans.

 

In the same month, central government borrowing from domestic banks rose 76.8 billion rupees to 851.2 billion rupees, with borrowings in the past 12 months growing 54.6 percent accelerating from 41.9 percent in March.

 

State enterprises borrowed another 9.1 billion rupees in April, with total borrowings up 34 percent in the 12-months to 344.6 billion rupees.

 

The increase was lower than in March.



Gold price goes up further
Sunday, 05 July 2020 - 8:29

The gold price in the world market has risen further as the commodity remains a safe investment in view of the global economic instability due to the Covid-19... Read More

Central Bank approved Rs. 53 billion for 20,240 COVID-19 affected Businesses
Saturday, 04 July 2020 - 20:02

The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to provide working capital... Read More

Sri Lanka Rupee appreciates against US dollar
Saturday, 04 July 2020 - 8:17

The Sri Lanka Rupees appreciated against the US dollar yesterday (04).Ending the day, the SLR was 188.38 a US dollar. Read More