Tamil Diplomat

North picking up…increase in deposits, Central Bank report

The Central Bank report had indicated that the total amount of loans in banks had dropped by 30 billion and the deposits have increased by 41 billion. The economy of the North had declined in the past 5 year and in the period between 2012-2013, several traders in the North either committed suicide or went underground.

From last year, the Northern economy had recovered an is somewhat stabilized. Loans of 18.5 billion in 2009 were given by banks in the North, 99.3billion in 2012 and 68.7 billion in 2014.Likewise, the Northern Banks received 108 billion as deposits in 2010, 134 billion in 2012 and 171 billion in 2014, the report says.