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Peru: Credit to private sector up 8.1% in November 2018

15:38 | Lima, Dec. 24.

Total credit to the private sector increased 8.1% in November 2018, Central Reserve Bank (BCR) informed Monday.

This segment 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 grew 2.1%. 

By borrower type, loans to firms rose at an annual rate of 6.3%, while credit to households expanded 11.1%.

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%. 

(END) RGP/DTK/MVB

Published: 12/24/2018
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