The Central Bank of Peru published figures showing that mortgage credit for home purchases rose 5.9% year on year in May to PEN 72,102 million, mainly driven by stronger lending in domestic currency. Soles-denominated mortgage credit increased 6.9% year on year, while total mortgage credit grew 0.4% from April, supported by a 0.5% monthly rise in sol lending. Borrowers continued to favour soles, with US dollar mortgages representing 6.7% of outstanding mortgage credit in May, unchanged from April and down from 7.9% in December 2023, which the central bank associated with lower exposure of households to adverse exchange-rate movements.
Central Bank of Peru 2025-06-27
Central Bank of Peru reports mortgage credit up 5.9% year on year in May led by sol-denominated lending
The Central Bank of Peru reported a 5.9% year-on-year increase in mortgage credit for home purchases in May, reaching PEN 72,102 million, driven by stronger domestic currency lending. Soles-denominated mortgage credit rose 6.9% year on year, while US dollar mortgages remained at 6.7% of total mortgage credit, reflecting reduced household exposure to exchange-rate risks.