The banking industry in Peru is nascent but stands to benefit from planned government measures, explains Alex Contreras, minister of economy and finance.
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Latest articles from Peru

A glimmer of hope in Peru?
July 27, 2021Political tensions risk getting in the way of Peru’s economic rebound, but a freshly ratified trade agreement may keep investors’ interest alive.

Peru’s plan to bounce back
April 27, 2021Peru's foreign trade and tourism minister Claudia Cornejo expects foreign investment to rebound in 2021.

Peru prays for political stability
April 1, 2021Huge risks loom over Peru’s economy, as the country pulls out of its worst crisis in decades.

Peru’s banks brace for another tough year
April 1, 2021The South American country's financial institutions anticipate 2021 will not be easy.

Pandemic and political upheaval weigh on Peruvian banks
November 20, 2020Bad loans expected to show up on banks' balance sheets in 2021, according to S&P Global.

Banking optimism prevails as Peru falters
February 5, 2020Despite sluggish economic growth and political turmoil in the country, Peru’s banks continue to perform impressively.

Peru’s finance minister shrugs off stability concerns
August 1, 2018Following his predecessor’s resignation, Peru’s new finance minister Carlos Oliva talks to Silvia Pavoni about achieving political stability and the potential of public-private partnerships.

Peruvian banks face digital challenge as cash appeal endures
July 4, 2018A change of president and an uptick in GDP is cause for optimism in Peru. However, as the economy improves, the country’s banks face a challenge in prising citizens away from their traditional faith in cash. Silvia Pavoni reports.

Alfredo E Thorne: Priming Peru’s new engines of growth
January 2, 2017Economic growth in commodity-dependent Peru is unlikely to surpass 5% in 2017, prompting the Kuczynski government to devise a plan to boost the economy that focuses on investment in infrastructure and improved productivity.