In June 2015, dollarization of credit continued its downward trend and declined to 34%, 5.8 percentage points lower than June last year, Central Reserve Bank of Peru (BCR) reported.
This result ratifies the downward trend expected by the issuing entity, taking into account that in June 2014 the dollarization ratio of credit stood at 39.8%.
On the other hand, total credit of depository institutions to the non-financial private sector –including the loans placed by local banks’ branch offices in other countries– increased 0.2% in June 2015 (S/. 440 million or US$137.9 million) and 8.5% compared to June 2014.
Credit in soles grew 1.9% in that month (S/. 3.02 billion or US$946.7 million) and 24.5% in the last twelve months.
Furthermore, credit in dollars fell 3.2% (negative flow of US$ 864 million) and 14.4% in the last 12 months.
Corporate credit decreased 0.2% in June, while credit to individuals grew 0.9%. Within the segment of personal credit, consumer loans grew 1.2%, while mortgage loans grew 0.6%.
Total liquidity in the private sector increased 0.5% in June (S/. 1.12 billion or US$349.8 million) and thus recorded an annual growth rate of 6.0%. This increase of liquidity in June is explained by higher demand deposits (2.6%) and term deposits (0.4%). In June, demand for currency fell (1.1%).
Liquidity in soles increased 0.3% in June (S/. 379 million or US$118.8 million), thus recording an annual growth rate of 6.9%. Liquidity in dollars grew 1.0% in May (US$ 247 million) and thus recorded a rate of 4.5% in annual terms.
(END) JCC/JCC/RMB
Published: 7/25/2015