Total credit to the private sector expanded 9.2% in May 2018, thus marking eleven months of sustained growth, Central Reserve Bank (BCR) informed.
This segment included loans
granted by banks, municipal, as well as rural saving entities, and other financial institutions.
In this sense, Peruvian Sol-denominated loans
climbed from 8.5% (April) to 9% (May), marking six consecutive months of increase.
On the other hand, U.S. dollar credits reached a growth rate of 9.5% last May, higher than that registered in April (8.8%)
Credit to businesses
According to BCR, loans granted to enterprises rose from 7.4% (April) to 8.2% (May).
This result was mostly driven by growth in credits to the corporate sector and large companies (11%).
to small- and micro-sized enterprises expanded 8.9% in the fifth month, and those to medium-sized companies increased by 1.8%.
Credit to households
Lastly, loans to households grew 10.7% in May of 2018.
In this regard, BCR noted consumer credit and mortgage lending increased 11.6% and 9.4%, respectively.