Sri Lanka, March 10 -- Credit to the private sector fell into a brief negative in January 2025, in a matter of seasonality and not something to do with the broader trend which has pointed to some robust growth seen through December 2024 and even beyond.
The data showed that licensed commercial banks have seen their net credit slipping by Rs.4.6 billion in January from the levels in December 2024 after a sharp growth seen during the latter part of last year.
Credit to the private sector grew by an outsize Rs.193.2 billion in fresh credit in December 2024, taking the full year growth in credit to a mammoth Rs.790.0 billion, translating into a growth of 10.7 percent.
The faster pace of credit growth and the sheer size of credit disbursed by...