Private sector credit expanded 5.6% year-on-year in March 2017, Peru's Central Reserve Bank (BCR) said on Thursday.
Said credits were granted by financial institutions, as well as municipal and rural savings banks.
March credit remained dynamic despite natural disasters triggered by "Coastal El Niño" phenomenon.
By currencies, Peruvian Sol-denominated credits experienced 5.7% annual increase, while US Dollar loans expanded 5.3%.
Moreover, credits to individuals grew 6.8% annually, whereas loans to businesses increased 4.9%.
As for natural persons, consumer loans rose 8.1% in the analyzed month, while mortgages registered an annualized growth rate of 5%.
Credits to large companies and corporations saw a 5.7% increase in March.
Meanwhile, credits to small and micro-sized enterprises experienced annual expansion of 8.9%.
(END) JJN/JJN/RMB/MVB
Published: 4/27/2017