Private sector borrowings in Sri Lanka during the first six months of 2015 have grown by Rs. 205 billion as compared to the same period last year, reveals latest date released by the Central Bank of Sri Lanka.

During the first six months of 2014, private sector borrowings had dropped by Rs. 53 billion as compared to the same period during 2013.

The Central Bank says that the reason for the growth in private sector borrowings during the first six months is due to the broadening of borrowings for the industrial and services sector.