Outstanding Credit to Sri Lanka private sector tops Rs. 8.5 t mark
- CNL Reporter
- June 16, 2025
- Banking and Financial, News
- private sector
- 0 Comments
Outstanding credit to the private sector as at the end of April crossed the Rs. 8.5 trillion mark, with lower demand in the festive month but clocking over 15% year-on-year (YoY).At the end of April, credit to the private sector stood at Rs. 8,501.6 billion as against Rs. 8,414.6 billion in March, reflecting an increase of Rs. 87 billion.
The banking sector saw a spike in private sector credit demand in March at Rs. 158 billion, whilst in February it amounted to Rs. 105 billion.
Annual growth in outstanding private credit was 11.6% in January and 12.9% in February and 13.8% in March. The figure as at end December 2024 was Rs. 8,156 billion, reflecting an annual change of 10.7%.
The Central Bank of Sri Lanka (CBSL) last month said credit flows to the private sector remain strong, with all economic sectors benefitting from such expansion. It also said this credit expansion is expected to continue throughout the year with support from its last Monetary Policy easing move in May.
