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Peru: Credit to private sector up 7.6% in February 2019

00:00 | Lima, Mar. 23.

Total credit to the private sector —which includes the loans made by banks, municipal-rural savings banks, and cooperatives— increased 7.6% in February 2019 compared to the same month last year, Central Reserve Bank (BCR) has reported.

According to BCR, Peruvian Sol-denominated loans posted an annual rise of 11.2% in the second month of this year, while U.S. dollar credits slid 0.7%. 

By borrower type, financing to people registered an 11.4% annual growth rate, while credit to businesses expanded 5.4%. 

Likewise, consumer loans increased 13.2%, while mortgage loans rose 8.7%. 

On the other hand, the annual growth of micro- and small-scale enterprises (+6.7%) stood out. 

Furthermore, the corporate sector and large enterprises, as well as medium-sized enterprises rose 5.4% and 4.2%, respectively. 

(END) CNA/DTK/MVB

Published: 3/23/2019
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