Banks expect lower demand for mortgage loans for the second quarter

The banks expect that in the next three months the demand for mortgage loans will be lower than in the first quarter of 2023. This is despite the fact that the offer in this segment has improved, according to the XLIII Survey of Credit Conditions (ECC) of the Central Reserve Bank of Peru (BCRP), which is carried out to the representatives of the risk, commercial and finance areas of the different commercial banking institutions in the country.

Banks’ expectations regarding the demand and supply of credits. Fountain:
BCRP

On the side of the credits to people, the expectations of the banks are that the demand for consumer loans and credit cards will be greater during the second quarter of the year. While, in the case of mypesthese are expected to be less.

Regarding the current situation, Banking entities indicate that supply conditions improved in the first three months of the year compared to last quarter for the segments of medium-sized companies and Mypes. Likewise, on the side of natural persons, the supply of both consumer and mortgage credit has improved. However, it can be seen that credit card loans remain in the pessimistic tranche since 2021.

Regarding the perception of credit demand, the category of large and corporate companies remained in the optimistic tranche, while medium, small and micro-enterprises have deteriorated, and became pessimistic. Likewise, the demand for cards fell, although it remained in the positive tranche.

“In general, there is a slight improvement in the supply indicators for loans to companies and positive progress in the supply conditions for loans to individuals. On the other hand, there are negative indicators on the perception of both supply and demand by credit via cards. Most of the demand indicators are below the average of previous quarters,” summarizes the monetary entity.