Credit to the private sector, which includes loans granted by banks, finance companies, municipal and rural savings banks and cooperatives, accelerated from 6.7% year-on-year in February to 7.3% year-on-year in March, thus registering seven months of consecutive expansion, according to the Central Bank Reserve of Peru (BCR).
In monthly terms, credit expanded 1.3% in March, due to the dynamism of loans to individuals (2.4% monthly) and to companies (0.7% monthly).
In March, there was a year-on-year acceleration of loans to individuals from 9% in February to 11.7% in March and a slowdown in the growth of loans to companies from 5.5% to 4.9% in the same period.
By currencies, credit in soles registered a monthly growth of 1% in March, and in dollars it increased 2.6% in the month. The year-on-year expansion rate of credit in soles rose from 7.5% to 7.6% between February and March, and the growth rate of credit in dollars rose from 3.8% in February to 5.9% in March.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/NMDN5T5IENGKDKBQWY3KWUQW34.png "Credit to the private sector increased to 7.3% year-on-year in March, according to the BCR")
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:quality(75)/cdn.jwplayer.com/v2/media/eYxv6TuX/poster.jpg "Credit to the private sector increased to 7.3% year-on-year in March, according to the BCR")
