In the third quarter of the year, the saving of people continued to expand and expanded 12.3%, Scotiabank reported. In terms of amount, a positive flow of S/26,130 million was recorded during the last 12 months, accumulating a balance of S/238,620 million (constant exchange rate).
Among the factors behind this increase is inflation, which is within the target range of the Central Reserve Bank (between 1% and 3%), increasing people’s purchasing power and giving more room for savings. In addition, he pointed out that the continuous growth of employment also played a role.
According to the entity, regulated savings in the banking system, made up of deposits in the salary account and CTS deposits, registered a growth of 10.9% at the end of the third quarter.
“This recovery occurs mainly in savings accounts, growing 11.6% at the end of September and accumulating a balance of S/118,650 million. These deposits are the most important component of people’s savings with a participation of 50%,” said Scotiabank.
The balance of deposits in CTS accounts remained practically unchanged in the last 12 months, accumulating a balance of S/6,130 million, an amount 63% lower than that recorded pre-pandemic due to the withdrawals of funds that have been occurring since 2020.
Meanwhile, discretionary savings, made up of time deposits, mutual funds and non-pension funds, registered a growth of 15.4% between July and September, maintaining solid and stable growth in recent quarters.
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