In October, the credit The private sector grew 6.1%, which represented the largest percentage increase in 39 months and continued with its clear upward trend that has been registered since the end of 2024, Scotiabank reported.
According to the financial institution, credit to individuals advanced 6.9% in the month of analysis, driven by mortgage loans (which increased by 7%), as well as consumer loans (6.8%).
Loans from economic sectors with the greatest weight in commercial banking are those that have been registering the greatest growth. Such is the case of the wholesale trade, logistics and telecommunications, retail trade, food industry, agro-export and mining sectors.
These six sectors are driving the growth of loans to companies, in line with the good dynamics of private investment (10.9% accumulated as of the third quarter, according to INEI figures).
“It is important to mention that of the 28 economic sectors that we monitor, 21 are registering growth. In the past it was not usual to see so many economic sectors expanding their credit,” Scotiabank said.
Following these results, the entity projects that total credit will maintain solid progress this year. According to estimates, growth would be slightly below 6% in 2025. For 2026, they estimate 5%.
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