Mortgages and personal loans explained much of the 6% increase in domestic credit to the private sector, recorded between May 2017 and the same month in 2018.

According to the latest report by the Superintendency of Banks, in the fifth month of the year, the private sector’s credit portfolio totaled $52.167 billion, which is equivalent to an increase of 5.9% compared to the $49.277 billion reported up to May 2017.

Residential mortgages continue to be one types of loans that is maintaining growth in demand. Up to the end of May, these loans had 7.5% growth. For the period covered by this report, the balance of mortgage loans granted totaled US $16.431 billion, registering an expansion of US $1.150 billion with respect to the same period last year, the document details.

Consumer loans continued to grow at a sustained rate of 9.5%. One of the most dynamic segments was the car loan-oriented segment, which grew 3.3% in May 2018 compared to the same month last year. Similarly, loans granted by credit cards also showed significant figures, growing by 10%.

See the full report. (In Spanish)