Peru Bank Lending Rose 18 Percent Last Year, Andina Reports

Peru’s outstanding bank loans climbed 18 percent last year amid rising demand for consumer and mortgage credit, Andina reported.

Bank deposits rose 8.9 percent in 2011, the state news agency said, citing comments by Javier Poggi, head of research at the country’s financial regulator. Poggi said 45 percent of outstanding loans and 41 percent of deposits were denominated in dollars, according to Andina.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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