Credit to the private sector grew 6.7% in April, reported the BCR | ECONOMY

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Lima, 29/05/2022 01:04 p.m.

In April of this year, credit to the private sector, which includes loans granted by banks, finance companies, municipal and rural savings banks and cooperatives, registered an increase of 6.7% in April of this year compared to the same month in 2021, reported the Central Reserve Bank (BCR).

The issuing entity indicated that a greater dynamism was observed in credit to individuals, which increased at a year-on-year rate of 12.8% in April (11.7% in March), although the growth of loans to companies slowed down from 4.9% in March to 3.5 % in April.

In monthly terms, credit advanced 0.3%, based on a greater dynamism of loans to individuals (1.6% monthly) although there was a decrease in credit to companies (-0.4% monthly).

Analyzing by currency, credit in soles grew at a year-on-year rate of 7% in April, mainly explained by the dynamism of loans to individuals at 14.2%.

In monthly terms, credit in soles registered zero growth in April, but with an expansion of loans to individuals by 1.6%.

In dollars, credit to the private sector grew 5.7% in April compared to the same month of the previous year. In monthly terms, there was an increase of 1.4% in April compared to the previous month.

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