Credit to private sector up 9.4% in March 2021

Credit to the private sector —which includes loans granted by banks, finance companies, cooperatives, as well as municipal and rural savings banks— grew 9.4% year‐on‐year in March, mainly due to loans associated with the Reactiva Peru Program, the Central Reserve Bank (BCR) has reported. Excluding the effect of this program, total credit to the private sector would have fallen 7.0% year-on-year.

Source: Andina