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Tue 02 Feb 2010Central Bank says lending to businesses continues to decline

LENDING TO businesses continued to decline at the end of 2009, and at a faster pace than in previous months, according to the latest figures from the Central Bank.

Credit to non-financial corporations (NFCs) fell by 3.2 per cent in December, compared to a 2.7 per cent fall for November 2009 and a decline of 2.2 per cent recorded in October.