The Central Reserve Bank of Peru (BCRP) reported that the mortgage segment has recovered, and “even surpassed”, its pre-pandemic banking levels, in terms of new debtors.
In this way, with information as of October 2021, a monthly average of 3,062 new debtors was registered, higher than the 2,447 of 2019.
According to the issuing entity, although banking penetration was reduced in all credit segments during the pandemic, important differences are observed during the recovery period, which are explained by the dynamics of each credit segment.
“Bankarization is an important factor, especially for the consumer and mortgage segments. However, it is less relevant in the corporate segment and large companies, which due to their size are already included in the financial system,” the BCRP said in a press release.
In addition, mortgage loans only showed falls during the months in which the confinement measures were more restrictive, while loans to companies grew at high rates during the months of confinement due to the effect of credit support programs such as Reactiva Peru.
For their part, consumer loans experienced negative rates and “have just been recovering,” explained the BCRP.
Source: Larepublica
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
