Total credit granted to the private sector —which includes loans by banks, municipal, as well as rural saving entities, and other financial institutions— increased from 7.7% last March to 8.6% in April, Central Reserve Bank (BCR) informed Friday.
It must be noted this is the highest growth rate recorded since November 2015.
According to BCR, Peruvian Sol-denominated
loans climbed from 7.4% (March) to 8.5% (April), thus marking five consecutive months of increase.
Similarly, U.S. dollar-denominated
credits expanded 8.8% last April, higher than the rate registered in March (8.6%).
The financial institution also noted
loans to enterprises grew from 6.6% (March) to 7.6% (April).
This result was driven by growth in
credits granted to large companies and corporations (+9.3%), as well as to small- and micro-sized enterprises (+8.8%).
Lastly,
loans granted to natural persons rose 10.2% in the analyzed month.
In this regard, BCR noted consumer credit and mortgage lending increased 11.1% and 9%, respectively.
(END) CNA/JAA/MVB