La Nación / Renegotiated loans are 16% of the total portfolio

The Central Bank of Paraguay (BCP) reported through a virtual conference that total credit in the month of November 2020 grew 6.12% year-on-year.

This behavior is explained by the dynamism of credit in national currency (MN), which has grown by 14.21% year-on-year, while credits in foreign currency (EM), although it has improved in the margin, continues to show a contraction , closing with a drop of 7.85%.

On the other hand, total private deposits have accelerated with respect to that registered in the previous month, reaching a year-on-year growth of 15.26%. In MN, the year-on-year increase has been 19.10%, while in EM, it has reached 9.86%.

It may interest you: Bonds and CDA generated US $ 23.5 million for Caja Fiscal

The weighted average of the lending interest rate in MN of the banking system has decreased, both in monthly and inter-annual terms. Thus, in the month of November, the weighted average of the lending rate in MN stood at 12.64%, while the deposit rate in MN grew in monthly terms, but decreased in interannual terms, standing at 3.32% .

Lending rates in MN for commercial, development, consumer, housing, overdraft and credit card loans have fallen year-on-year.

Also read: A year after its appearance, the WHO will investigate the origin of COVID-19 in China

The weighted average of the active interest rate in EM of the banking system has fallen both in monthly and inter-annual terms, standing at 7.24%. Meanwhile, the weighted average interest rate on deposits in FC has increased in monthly terms, while in year-on-year terms it has decreased, standing at 2.03%.

The lending rate in EM of personal consumer and home loans have increased year-on-year, while the rates of commercial, development and overdraft loans have decreased for the same period.

– .