Total credit to Peru's private sector—including loans granted by banks, finance companies, municipal and rural savings banks, and cooperatives—accelerated from a 7.2% year-on-year growth rate in March to 8.7% in April, the
The issuing entity noted that outstanding credit balances in April increased 1.9% from the previous month.
By segment, credit to individuals grew 8.2% year-on-year in April, up from 7.6% in March, the BCR said.
Meanwhile, credit to businesses posted a 9% year-on-year growth rate in April, up from 6.9% in March.
The central bank reported that credit to individuals increased 1.1% in April, while credit to businesses rose 2.5%.
Peruvian soles and U.S. dollars
By currency, credit denominated in soles accelerated from a 5.9% year-on-year growth rate in March to 7.4% in April.
Foreign-currency credit accelerated from 12.3% to 13.4% year-on-year between the two months.
On a monthly basis, credit denominated in the local currency increased 1.9%. Meanwhile, dollar-denominated lending rose 1.8%.