Mortgage and personal loans continue to be responsible for much of the 5% increase in domestic credit to the private sector, recorded between June 2017 and the same month in 2018.

According to the latest report by the Superintendency of Banks, in the sixth month of the year the credit portfolio of the private sector totaled $52.311 billion, which is equivalent to an increase of 5.4% compared to the $49.609 billion reported as of June 2017.

The consumer portfolio grew at a sustained rate of 9.3% when comparing June of this year versus the same period last year, explained by growth in personal loans of 10.6%, as well as credit card balances with a significant increase of 9.7% and car loans, which increased by 2.8% in June 2018 compared to the same month last year.

Residential mortgage credit continues to be one of the types of finance that has maintained an increase in demand. Up to the end of June, this financing option grew by 6.7%. For the period covered by this report, the credit balance for mortgages granted totaled US $16.465 billion, recording an expansion of US $1.035 billion compared to the same period last year, the document said.

See the full report. (In Spanish)