As of September 23, more than 522,000 loans to all economic sectors were granted through the
Reactiva Peru Program, which benefited from historically low interest rates, the
Central Reserve Bank (BCR) has reported.
With additional S/ 30 billion (about US$8.491 billion), the second stage of the program seeks to provide liquidity at low rates to companies of all sizes, especially favoring loans to micro and small businesses.
Funds for a total of S/ 74.26 billion (about US$21.018 billion) in government-backed repos have been offered in this second stage (from June 30 to September 17), with S/ 24.89 billion (about US$7.045 billion) at an average interest rate of 1.71% having been placed for the clients of financial entities.
(END) NDP/MVB
Published: 10/1/2020