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Fitch: Sri Lanka Credit Guarantee Positive for Pawning Loans – Reuters

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Fitch: Sri Lanka Credit Guarantee Positive for Pawning Loans
Reuters
Gold-backed lending peaked at about 19% of total banking sector loans at end-2012, but the decline in gold prices in 2013 has subsequently contributed to a rapid deterioration of asset quality. Aggregate system NPLs rose to 5.6% of total lending at end ...
Sri Lanka credit guarantee good for banks; pawning loans not risk free: FitchLanka Business Online

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