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Commercial banks extend July private sector credit by a whopping Rs.202bn
Daily Mirror - Sri Lanka
|September 09, 2025
► BRINGS TOTAL 7-MONTH PRIVATE SECTOR CREDIT TO A ΜΑΜΜΟΤΗ RS.902BN ► TRANSLATES TO A FASTER 19.6% GROWTH IN SUCH CREDIT THROUGH JULY, PICKING UP FROM 18%
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Credit to Sri Lanka's private sector continued its strong momentum in July, with the licensed commercial banks extending over Rs.200 billion for a second consecutive month, marking 2025 as a year of record growth in private sector lending.
According to the Central Bank's latest data, the commercial banks expanded total outstanding private sector credit by Rs.201.5 billion in July, following Rs.221.6 billion in June.
The cumulative credit extended in the first seven months of 2025 reached Rs.901.6 billion, surpassing Rs.790 billion extended in all of 2024 and reflecting a year-on-year growth of 19.6 percent, up from 17.9 percent through June.
In the 12 months through July, the licensed banks extended Rs.1.49 trillion in private credit.
This story is from the September 09, 2025 edition of Daily Mirror - Sri Lanka.
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