Banking

Peru 2019 Banking

The banking crises of the 1980s and 1990s have left Peru with a highly concentrated, conservative banking system that is on one of the region’s most solid foundations, boasting strong capital and liquidity. The sector has retained a positive outlook from global credit ratings agency Moody’s since November 2017, which last reaffirmed this view in October 2018, predicting a recovery in loan growth, stable asset risk and solid profits to bolster capital buffers. However, though domestic lending to the private sector has increased, provision of credit remains comparatively low, at 41.1% of GDP. Furthermore, despite significant progress to increase banking penetration, financial inclusion metrics remain below the Latin American average. If Peru’s financial system truly embraces the digital era, financial inclusion indicators should improve, representing a chance for banks to vastly grow their customer base. This chapter contains an interview with Gianfranco Ferrari, CEO, Banco de Crédito del Perú.

Cover of The Report: Peru 2019

The Report

This chapter is from the Peru 2019 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Gianfranco Ferrari, CEO, Banco de Crédito del Perú
Gianfranco Ferrari, CEO, Banco de Crédito del Perú: Interview

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart