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BCRP: consumer credit accelerated to 21.6% year-on-year in June this year

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The Central Reserve Bank of Peru (BCRP) reported that the expansion of consumer credit accelerated from 20.1% year-on-year in May to 21.6% in June, a result favored by the 22.1% increase in consumer loans in soles; and in dollars at 15.2%.

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In monthly terms,s consumer loans advanced 1.6% in June relative to May.

Evolution of consumer credit. Source: BCRP

By segments, the vehicle credit it grew 1.0% monthly in June, with which its year-on-year growth rate accelerated to 12.6% in that month.

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The credits for Credit cards they increased by 2.7% monthly in June and in interannual terms they grew by 15.6%.

The rest of the consumer loans registered a monthly expansion rate of 1.4% in June and one of 23.4% in the last 12 months.

Likewise, the dollarization coefficient of consumer loans fell to 6.0% in June in relation to May, lower than the one registered a year ago (6.4%).

Dollarization of consumer credit. Source: BCRP

Source: Larepublica

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