Study Note No. 68: Liquidity and Credit: August 2026

Total private sector credit growth accelerated to 10.3 percent year-on-year in August 2026, driven by increases in both corporate and household lending. Private sector liquidity rose by 0.9 percent monthly, with an annual growth rate of 16.0 percent, while the credit dollarization coefficient remained stable at 22.5 percent. Banking external liabilities decreased by USD 127 million, resulting in an external liabilities-to-credit ratio of 11.4 percent. Financial savings grew by 0.4 percent monthly, and the dollarization of AFP investment portfolios reached 63.9 percent.

BCRP published 13 documents in the last 30 days — get each new one by email the day it lands.

STUDY NOTES OF THE BCRP

No. 68 – September 24, 2026
1 / 9

LIQUIDITY AND CREDIT: AUGUST 20261

I. CREDIT TO THE PRIVATE SECTOR2

Total credit to the private sector increased its year-on-year growth rate from 9.4 percent in July to 10.3 percent in August. This result corresponds to a monthly growth of 1.6 percent.

BCRPData/NELYC202608G1

The year-on-year growth of credit granted to individuals stood at 10.6 percent in August (9.9 percent in the previous month). On the other hand, credit to companies increased by 10.1 percent year-on-year, compared to the 9.0 percent increase recorded in July.

Read the rest free, and get an email when BCRP publishes again

Email me when BCRP publishes something newOne email per publication, same day. Sign in below to keep reading.

Source: Banco Central de Reserva del Peru — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works