Mauritian private sector had Rs 317 bn loans outstanding at end-June 2015
The sectors in Mauritius which benefited most from credit, according to the latest central bank data, are construction, tourism, trading and financial services, among many others, with the construction sector having loans outstanding to the tune of Rs 83.2 billion and capturing the highest share of banking credit.
The Mauritian private sector had loans outstanding to the tune of Rs 316.7 billion as at end June 2015, according to the consolidated statement of sector-wise distribution of credit to the private sector released by the Bank of Mauritius.
The sectors which benefited most from credit, according to the latest central bank data, are construction, tourism, trading and financial services, among many others.
Construction sector had loans outstanding to the tune of Rs 83.2 billion, enjoying the highest level of credit among all sectors of the Mauritian economy. In comparison, credit to the sector stood at Rs 82.1 billion as at end of March 2015.
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 47.5 billion at the end of June 2015, after an increase of Rs 1.1 million between April and June 2015.
Traders had a debt book of Rs 30.0 billion while Financial and Business Services had loans outstanding to the tune of Rs 25.0 billion as at end June 2015, representing a drop of 9.2% against March figures which turned at Rs 27.6 billion.
Agriculture & Fishing registered total debts of Rs 17.7 billion compared to March 2015 when loans to the sector were set at Rs 18.0 billion, representing a 1.6% decline.
Manufacturing, for its part, was set at Rs 20.0 billion at the end of June 2015, compared to Rs 21.1 billion as at end March 2015.
The Information and Communication Technology (ICT) sector has registered an increase in loans, such that at the end of June 2015 its debt book was set at Rs 1.48 billion compared to March 2015 when outstanding credit to the sector stood at Rs 1.48 billion.
Transport credit was set at Rs 4.92 billion at the end of June 2015 compared to Rs 5.16 billion at the end of the previous quarter.
Finally, infrastructure showed an increase of 0.2% in its loan book where at the end of March 2015 it was Rs 4.2 billion compared to June when it stood at Rs 4.3 billion.