The state bank, reported that the recovery and placement of the Banco de Materiales (Banmat) reached a peak in October or historical level, denoting a growth of 0.85 percent compared to last September and 82.53 percent compared to October 2008.

He said thus consolidates its financial and economic position is projected as the state enterprise with better results this year.

This is the highest level since recovery and placement placements grew to 20 million soles 191.358, by the placement of 1,047 new loans.

Operating profit reached 423.230 million suns, while the recoveries reached a record level, so far this year 15 million suns 537.697, which reflects a growth of 8.18 percent the previous month and 5.65 percent in relation to October of 2008.

The Banmat noted that on November 15 began construction of 500 houses through the Housing Program for All Martyrs of Democracy in Iquitos (Loreto).

In the remainder of the year will be finalizing arrangements for the surrender of My Market program credits that allow the construction of modern markets in Cañete, Chincha, Pucallpa, Sullana, Paramonga, San Juan de Lurigancho and Villa El Salvador.

In addition, restarting the program housing for all, to be built up $ 30,000 homes, and to have increased to 30,000 suns Banmat regular appropriations, allowing the bank projected that the number of borrowers and housing construction will grow apace.

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