Three years of underwhelming economic growth and a huge political scandal now in its fourth year have not had a downward drag on Peru’s banking system.
The country’s 15 banks racked up higher net profits in the year to November 2019 than they did in all of 2018, and return on equity was a strong 18.7% in November, up slightly from the end of the previous year, when it was 18.4%. Past due loans were at 3.05% in November 2019, slightly higher than the 2.95% at the end of 2018.
