In 2008 Peru, like most other economies at that time, suffered an abrupt slowdown. GDP growth dropped from 9.8% in 2008 to 0.8% in 2009, according to World Bank data. The banking sector, which had been on the rise since 2003, was also affected as credit growth sputtered. However, as banks in the US and Europe faced buyouts and nationalisation, Peru’...
Regional integration is a theme of growing importance for Peru and its Pacific coast neighbours. As Brazil seeks to solidify its position as the South American superpower, the continent’s smaller economies have found that the best way to compete is by working together. This is particularly true in the case of Chile, Colombia and Peru. In May 2011...
As of December 2011, foreign direct investment (FDI) in Peru was up 2.54% over the year prior. While Spain topped the charts as a lead investor in 2011 and mining activities were the primary recipient of FDI, going forward leaders from both the public and private sectors hope to attract a growing number of international investors to participate in...
Significant growth has been achieved in the banking sector over the last several years as more and more low- and middle-income Peruvians gained access to an increasing number of financial products specifically tailored to suit their needs and incomes. According to statistics published by the Superintendency of Banking, Insurance and Private Pension...
THE COMPANY: Alicorp is the leading consumer goods company of branded products in Peru. It is based in Peru with operations in Argentina, Colombia and Ecuador. Alicorp is listed on the Lima Stock Exchange, and represents 1.68% of the exchange’s total market capitalisation. The company has 106 family...
Given impressive growth figures and high profit margins, a number of international banks have expressed their interest in entering the domestic market. For the moment, however, the country’s banking sector is a consolidated one. While there are 15 banks, a significant majority of the sector’s assets are held by the “big four”, which together account...
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