Peru: Mortgage credit up 7.8% in January 2023

Photo: ANDINA/Renato Pajuelo

Photo: ANDINA/Renato Pajuelo

19:30 | Lima, Feb. 27.

Mortgage credit experienced a growth of 7.8% in January 2023 over the same month last year, maintaining the dynamism observed in recent months, the Central Reserve Bank (BCR) reported on Monday.

The monthly variation in January was 0.3%, the issuing entity reported.

This type of credit was being favored by the year-on-year increase in mortgage loans granted in Peruvian Soles, whose growth rate was 9.3% in January, it explained.

In monthly terms, mortgage credit in Peruvian Soles grew 0.3% in January, the BCR indicated.

In addition, the dollarization rate of mortgage credit stood at 8.9% in January 2023, lower by 0.1 percentage point than the previous month.

Compared to the level observed in January 2022, said dollarization decreased by 1.3 percentage points, it concluded.

(END) NDP/MMG/MVB

Published: 2/27/2023