Middle market segment shows fastest growth in 12 months through June

- Thursday, July 21, 2011

Middle market segment shows fastest growth in 12 months through June

Midsize businesses were the fastest growing credit segment in Peru in the 12 months through June, boosting their share of total loan portfolio to 17.9% from 16.4% in June 2010.

At the end of last month, loans to this segment reached 21.6bn soles (US$7.86bn), up from 16.6bn soles in the same month last year, according to figures published by local banking association Asbanc.

The two other fastest growing segments have been mortgages and consumer loans, which as of end-June represented 14.5% and 17.1% of system lending, respectively.

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