Sri Lanka state credit hit new high in December 2011 Reply

Sri Lankan Rupee

Sri Lankan Rupee

Reposted from Lanka Business Online

Loans to business from Sri Lanka’s commercial banks rose 34.5 percent to 2,005.9 billion rupees in the year to December 2011, with credit to the state hitting a new monthly high, official data showed.
Credit to business in December remained at a high 60.2 billion rupees in December 2011, slightly lower than the 63.2 billion rupees in November but state credit hit a new high of 52.9 billion rupees up from 32.1 billion rupees a month earlier. More…