Credit to the private sector —which includes loans granted by banks, financial, municipal and rural savings banks, as well as cooperatives— grew 7.9% year-on-year in March 2020, Central Reserve Bank of Peru (BCR) has reported.
By segments,
credit to companies increased at an annual growth rate of 7% in the third month of the year, compared to 5.4% a month earlier, while that to natural persons went from 11.4% in February to 9.3% in March.
Liquidity
On the other hand,
private sector liquidity —including money supply plus deposits— increased 11.5% year-on-year in March, at a rate similar to that recorded in the previous month.
The issuing entity remarked that deposits rose 12.1% in March, at the same rate as February, while money supply did so from 8.5% in February to 10.7% in March.
Moreover, term deposits increased at annual rate of 15% in March, while savings deposits grew 13.1% after expanding at a 9.2% pace the previous month.
Finally, the
BCR stated that demand deposits grew by 11.2%, and Service Time Compensation (CTS) deposits did so by 2.3%.
(END) MDV/MDV/RMB
Published: 5/3/2020