Private sector credit —which includes loans granted by banks, financial, municipal and rural savings banks, as well as cooperatives— increased from an annual rate of 6.9% in December 2019 to 7.2% in January 2020, the Central Reserve Bank (BCR) has reported.
By segments, credit to natural persons remained the most dynamic, with an annual rate of 11.3% in January, similar to that of December, while that aimed at companies went from an annual increase of 4.2% to 4.6%.
Credit to families has achieved growth rates of over 10% since April 2019. The most dynamic segment was consumption, which went up 12.8% in January, as it did in December, while the mortgage sector grew 9.2%, higher than the previous month’s figure of 9%.
Credit to micro and small enterprises increased from 7.7% in December to 8.1% in January, whereas that aimed at large and corporate enterprises went from 4.4% to 4.6%, and that aimed at medium enterprises grew from 0.5% to 1.1%.
By currencies, Peruvian sol credit posted a gain of 9.5% in January. For its part, U.S. dollar credit has expanded at an annual rate of 1.2%.
(END) CAN/RMB
Published: 2/28/2020