The de-dollarization of credits granted to the private sector accelerated during the last 12 months and the ratio fell to 34% last June, Peru's Central Reserve Bank (BCR) announced.
Thus, the rate is 6 percentage points lower compared to its similar period in 2014. Likewise, June registered a 4.3 percentage point decline in comparison with 2014's year-end.
The de-dollarization process was registered in each credit sector, including personal and business loans.
Regarding Dollar loans granted to enterprises, the ratio fell to 43.2% in June 2015 (a 7.5 percentage point decline if compared to the previous 12 months).
With regard to personal loans, a considerable decrease was registered in the auto loans granted in Dollars. It went from 71.7% (June 2014) to 57.4% (June 2015).
These results show Peruvians prefer the Soles indebtedness due to the Dollar's upward trajectory and the measures implemented by the Central Reserve Bank to accelerate the loan de-dollarization process.