Sri Lanka, March 27 -- The provisional data from the Central Bank showed that the private sector credit was growing at a robust pace, picking up from December's rapid rise, ahead of the festive season.
This is as the manufacturers ramp up production while the traders stock up goods. According to the data, the total outstanding credit to the private sector had grown by Rs.106.0 billion in February 2025, after a seasonal decline of Rs.4.6 billion seen in January, following a bumper growth of Rs.193.2 billion seen in December 2024.
February marked a solid start to private sector credit by commercial banks in 2025, after the sector disbursed a whopping Rs.790.0 billion in fresh credit for the whole of 2024.
The February credit translated in...