The Bank of Jamaica said financial institutions have indicated that they will boost loans in the current quarter, but unsecured loans are expected to decline.
The financial institutions made the disclosure to the central bank in its quarterly survey of credit conditions.
The survey found most lenders anticipating to lend mainly to businesses.
Most of the household loans are expected to be made to those wanting credit cards, mortgages and other loans backed by real estate.
It however says the anticipation is that apart from credit cards, financial institutions will reduce the amount of unsecured loans they offer.
Financial institutions say their overall expectation of lending more money this quarter is driven by perceptions that the economy is improving.
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Financial institutions to boost loans this quarter
