Total credit to the private sector
increased 8.1% in November 2018, Central Reserve Bank (BCR) informed Monday.
includes loans granted by banks, municipal and rural saving entities, as well as other financial institutions.
According to BCR, Peruvian Sol-denominated loans maintained its expansion rhythm, posting an annual increase of 10.6% in November, while U.S. dollar credits
By borrower type, loans to firms rose at an annual rate of 6.3%, while credit to households
With regards to people, consumption and mortgage lending continue registering the highest annual growth rates (13.1% and 8.3%, respectively).
On the other hand, the corporate sector and large enterprises (+8%), as well as micro- and small-scale enterprises (+6.2%) recorded greater dynamism, while medium-sized enterprises increased 2.1%.