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Peruvian banks see mortgage lending in local currency jump 36.9%

Bnamericas Published: Friday, December 27, 2013

Peru's banking sector saw mortgage lending in local currency jump 36.9% in the 12 months through November, according to the country's association for private sector banks (Asbanc).

During November alone, local currency-denominated mortgages advanced 2.97% to 17.1bn soles (US$6.12​bn).

Dollar-denominated mortgage loans rose 0.69% during the month of November to US$4.07bn and increased 3.34% compared to end-November 2012.

In Peru, there are 11 commercial banks offering mortgage loans.

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