Foreign Currency Loans Still on the Rise

Despite the Central Bank imposing a 1% monthly growth limit on foreign currency loans, the upward trend continues. The share of foreign currency loans has reached 50%.
The increase in foreign currency loans surpassed the monthly 1% growth limit, reaching 2.7%.
The share of foreign currency loans in total commercial loans has also reached 50%. According to the Banking Regulation and Supervision Agency (BRSA) data, foreign currency loans reached approximately $175 billion, accounting for 49.7% of total commercial loans. Since September 2019, foreign currency loans hit their highest level, showing a 4.3% increase since the end of last year.