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Peruvian banks' vehicle loan portfolio continued to expand through the end of April, growing 20.8% year-on-year.
According to a report from banking association Asbanc, Peruvian banks have US$481mn worth of vehicle loans on their books.
However, the delinquency rate on the portfolio continues to expand. Through the end of April, it came to 2.31%, up one basis point from March and 41 basis points from a year prior.