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AfricaMoney | August 21, 2017

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Mauritian private sector had loans of Rs 310 bn outstanding at end November 2014

Mauritian private sector had loans of Rs 310 bn outstanding at end November 2014

The sectors which benefited most from credit, according to the latest central bank data, are construction, tourism, traders and financial services, among many others. (Image: travelblog.agoda)

The Mauritian private sector had loans outstanding to the tune of Rs 310 billion as at end November 2014, according to the consolidated statement of sector-wise distribution of credit to the private sector released by the Bank of Mauritius.

In comparison, the private sector of the island economy showed a debt book of Rs 306.31 billion as at end October 2014.

The sectors which benefited most from credit, according to the latest central bank data, are construction, tourism, traders and financial services, among many others.

Construction sector had loans outstanding to the tune of Rs 79.1 billion, enjoying the highest level of credit among all sectors of the Mauritian economy. In comparison, credit to the sector stood at Rs 78.1 billion as at end of October.

The tourism sector, which is another important pillar of the Mauritian economy, has for its part registered a slight increase in loans availed and ended up with a total loan book of Rs 47.23 billion at the end of November 2014, after an increase of Rs 2.9 million over October 2014.

Traders had a debt book of Rs 31.43 billion while Financial and Business Services had loans outstanding to the tune of Rs 24.3 billion as at end November 2014.

Agriculture & Fishing registered total debts of Rs 18.96 billion compared to October 2014 when it was set at Rs 18.08 billion, representing a rise of 4.86%.

Manufacturing for its part was set at Rs 18.49 billion at the end of November 2014 compared to Rs 18.44 billion as at end October 2014.

Information and Communication Technology (ICT) has registered an increase in loans, where at the end of November 2014 its debt book was set at Rs1.46 billion compared to October 2014 when its outstanding credit stood at Rs 1.39 billion.

Finally, transport was set at Rs 5.17 billion at the end of November 2014 compared to Rs 4.85 billion at the end of the previous month, whereas infrastructure was the only sector to show a decrease in its loan book where at the end of October 2014 it was Rs 4.27 billion compared to November when it stood at Rs 4.20 billion.

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