The year-on-year growth of loans to individuals went from 9% in February to 11.7% in March, accelerating to its highest expansion rate since September 2019, the
The issuing entity indicated that this dynamism was favored by higher loans in Peruvian Soles, whose increase was 12.8% year-on-year in March versus 10.6% in February.
By segments
The institution explained that, by segments, consumer loans grew 15.1% annually in March compared to 10.5% in February.
This was explained by the higher year-on-year growth of vehicle loans (13.8%) and of the rest of consumer loans (18.8%); the latter was mainly due to the reclassification effect in March by a financial entity.
The BCR stressed that mortgage credit increased 7.3% year-on-year in March —higher than the 7% rate in February.
In monthly terms, credit to individuals rose by 2.4% in March —the eighth consecutive month of expansion.
It asserted that this monthly increase was explained by the higher growth of consumer and mortgage loans at 3.4% and 1%, respectively.