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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Disposable income to stay at 9 to 10% growth

Disposable income to stay at 9 to 10% growth

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sri Lanka’s gross national disposable income levels are expected to maintain a 9 to 10% annual growth over the next five years, a leading brokering company said.

The loan growth is likely to keep pace with the increasing gross national disposable income levels in the country,it said.In 2014, disposable income increased by 12.9% in Sri Lanka and credit granted by the banking industry came in at 37.6% of the disposable income, Asia Securities said.
Loan growth remains challenging in the short term with increasing uncertainty in the political and economic environment due to upcoming policy changes and elections.

It is expected that the growth in project loans will also affect in 2015 due to slow growth in infrastructure, construction, and sub contracting sectors.
The total amount of project loans disbursed by 12 banks that contributed to 85% of the total loan growth in 2014 and was Rs 419 billion, contributed 75% of the total disbursed excluding pawning.

Sector wise, new loans were mainly directed to infrastructure including roads and construction sectors. Moreover 36% of the new loans were given to state owned enterprises while large and mid sized corporate represented 47%.
Courtesy: Daily News 16 July 2015

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