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Saturday Nov 16, 2024
Monday, 30 January 2012 00:01 - - {{hitsCtrl.values.hits}}
Key Issues
Strong loan expansion to continue
The Sri Lankan banking sector experienced strong loan growth of about 24% (annualised) in 6M11 and Fitch forecasts loan growth to remain above 25% in 2012 supported by strong economic growth. The loans to GDP ratio increased marginally in H111 to 36% from 35% at end-2010, which is still below the 41% average from 2006-2008.
