The growth pace of
—which includes loans granted by banks, financial institutions, municipal-rural savings banks, and cooperatives— increased from an annual 7.5% in September to an annual 8.3% in October, the Central Reserve Bank of Peru (BCR) has reported.
According to the issuing entity, the annual growth rate of credit granted to companies climbed from 4.9% (September) to 6.4% (October), while the one aimed at people was an annual 11.4%.
Concerning
credit to enterprises, most of the increase was a
result of loans granted to large companies and corporations, whose annual growth rate rose from 6.3% (September) to 9.1% (October).
Credits to the micro and small business segment (Mypes) grew from 6.6% (September) to 7% (October).
Regarding
credit granted to people, BCR said the most dynamic segment was the consumer-oriented one. There, an annual expansion of 13% was registered in October, while mortgage loans expanded 9% in annual terms.
Currency
The issuing entity revealed that credit in Peruvian Soles continues to grow at annual double-digit rates, with an increase of 10.7% in October, a percentage higher than the 2.4% recorded in U.S. Dollars.