With nearly double-digit growth in premiums over the last several years, Peru’s insurance sector is gaining strength. However, penetration rates in the country remain among the lowest in the region. Insurance premiums constitute only 1.5% of GDP, compared with a regional average of 3%. The government is attempting to address this shortfall...
THE COMPANY: Alicorp is a leading manufacturer of branded products based in Peru, with operations in Argentina, Brazil, Chile, Colombia and Ecuador. It is listed on the Lima Stock Exchange and represents 4.44% of the General Index (IGBVL). The company has over 153 family brands in 16 categories in the...
Consumer lending – whether in the form of loans, credit cards or mortgages – has surged over the past few years, contributing to the rapid rise in loan portfolios at Peru’s banks. While the ratio of non-performing loans (NPLs) is still moderate both by historical and regional standards, it has risen slightly over the past year, prompting some...
It is not uncommon to see long lines of customers at Lima’s banks. Nor is it unusual for the average Peruvian to travel long distances to the nearest branch to pay bills or complete other basic transactions. Yet all of this may be about to change. In December 2012 the national Congress approved the Electronic Money Law, a first step towards...
Banking penetration in Peru is among the region’s lowest. What are the issues and opportunities?
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