# Peru banks say loan growth accelerating - BNamericas

> Peru's commercial bank loan portfolio grew 3.51% year-on-year through September to 239bn soles, the third consecutive month of accelerating growth. Asbanc attributed the pickup to a stronger economy, citing construction, commerce and manufacturing. INEI reported 2.28% economic expansion in August.

- Date: 2017-10-24 · published 2017-10-24T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/68731-peru-banks-say-loan-growth-accelerating-bnamericas
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Stronger domestic credit and a planned US$6bn reconstruction effort after El Niño flooding point to firmer Peruvian demand for feed inputs, though the effect on feed commodity prices is marginal.

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/peru-banks-say-loan-growth-accelerating

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.