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Before September 2015, all share transactions on the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) attracted a 5% tax on capital gains. The tax was disliked by market players, who suggested that it be repealed. But the authorities did not take action until low liquidity levels threatened to have the BLV downgraded from emerging market to...

The Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has had a difficult three years in 2013-15, but market players believe conditions are beginning to point to a recovery in 2016.

After the hyper-inflationary shocks of the 1980s Peruvians had low levels of confidence in the national currency, as well as in government policy-making in general. Subsequent governments have sought to rebuild trust and restore macroeconomic stability. Part of achieving this was to allow free convertibility between the Peruvian nuevo sol and...

The life insurance sector has achieved impressive growth in recent years. According to the Superintendencia de Banca, Seguros y Administradoras de Fondos de Pensiones (SBS), life premiums rose 17.8% in 2014 to PEN4.93bn ($1.6bn), well ahead of the premium growth rate across all insurance products, of 11.9%. Both rates were a multiple of GDP...

The insurance sector in Peru has experienced a decade of strong growth, benefitting from the fact that the country has been one of the fastest-growing economies in Latin America and has seen both a significant reduction in poverty levels and an expansion of the middle class. In the 10 years to 2013, premium income tripled, and according to the...

Responsible for regulating financial flows and channelling savings and investment, banking is the single most important component of the wider financial, insurance and pensions sector, which accounts for 3.8% of Peru’s GDP. The financial sector – which includes banks, finance houses and credit cooperatives – accounts for more than 85% of that...