Credit to private sector in domestic currency grew at an annual rate of 18% in February this year, remaining strong compared to the loans in US dollars, which fell for third month in a row, the Central Reserve Bank of Peru (BCR) reported.
The credit to companies and individuals continued its two-digit expansion pace in the second month of the year.
On the other hand, the domestic currency credit granted to businesses recorded a 19% growth in annualized terms. BCR highlights the acceleration of credits to medium-sized companies, which was 29%, the highest rate since September 2014 (32%).
Credits issued to individuals in domestic currency expanded by 16,4%, higher figure than that of the two previous months. Besides, an increase was registered in domestic currency car (42%) and mortgage (22%) loans.
Loans in dollars decreased by 1.7% in February compared to the same month last year. This reduction, related to the expectations of exchange rate depreciation, was observed in loans to companies and individuals.
(END) JCC/JCC/RMB
Published: 3/28/2015