Credit growth rises in April

The high annual growth was due to faster growth in credit to the business sector, which accelerated to 19.3 percent from 14.4 percent in March.
Within the business sector, the year-on-year growth in credit to parastatals rose from -11.2 percent to 62.0 percent. Month-on-month, credit to businesses rose by 2.6 percent compared to a fall of 0.7 percent recorded in the previous month.
On the other hand, annual credit growth to the household sector fell slightly to 17.8 percent from 18.1 percent in March. On a monthly basis, growth in household credit was unchanged at 0.7 percent. The share of credit to the household sector in overall credit decreased from 59.0 percent to 58.5 percent.