Banking

Peru’s banking system is widely seen as one of the most stable and well regulated in Latin America. One of main the banking sector stories in 2017 is how this solid services industry will adapt to Peru’s gradual transition from average annual growth rates of 7-8% during the commodity boom to a more moderate medium-term average growth rate, with the economy expected to stabilise at around 4-5%. Successive governments have sought to deepen the country’s financial markets, increase the proportion of the population that has access to banking services, and address the wider issue of financial inclusion and poverty reduction.

This chapter contains interviews with Julio Velarde, Governor, Central Reserve Bank of Peru, and Miguel Uccelli, CEO and Country Head, Scotiabank Peru.