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Asunción, Paraguay, IP Agency.- The Central Bank of Paraguay (BCP) reported that total credit in November grew 6.12% year-on-year. This behavior is explained by the dynamism of credit in national currency, which has grown by 14.21% year-on-year.
Regarding loans in foreign currency, the bulletin sent by the BCP, details that although they have improved in the margin, they continue to show a year-on-year 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 national currency, the interannual increase has been 19.10%, while, in foreign currency, it has reached 9.86%.
The weighted average of the lending interest rate in domestic currency 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 national currency was 12.64%, while the deposit rate in national currency grew in monthly terms, but decreased in interannual terms, standing at 3, 32%.
Lending rates in domestic currency for commercial, development, consumer, housing, overdraft and credit card loans have fallen year-on-year.
The weighted average of the active interest rate in foreign currency of the banking system has been reduced both in monthly and inter-annual terms, standing at 7.24%. On the other hand, the weighted average interest rate on deposits in foreign currency has increased in monthly terms, while in year-on-year terms it has decreased, standing at 2.03%.
Finally, the lending rate in foreign currency for personal consumer and housing loans has increased in year-on-year terms, while the rates for commercial, development and overdraft loans have decreased for the same period.
To access the most extensive detail of the financial report you can go to the following Financial Indicators Report November 20.
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