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 over 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, for the placement of 1,047 new loans.

Operating profit reached 423.230 million soles, while the recoveries reached a record amount, in so far this year of 15 million soles 537.697, which reflects a growth of 18.8 percent over the previous month and 5.65 percent relation to October 2008.

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

In the remainder of the year will be finalizing arrangements for the surrender of appropriations for the program My Market which will 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, which will build houses of up to 30,000 dollars, having risen to 30,000 soles Banmat regular appropriations, the bank can project the number of borrowers and housing construction will grow apace.

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