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Top Banks in Peru

Overview of Peru's leading financial institutions

Overview of Banks in Peru

Banks in Peru are composed of private banks, financial services companies, non-bank microcredit providers, and state-owned institutions. The Peruvian banking system is profitable, well-capitalized, and highly concentrated. Four of the top largest banks in Peru account for the majority of deposits, credit portfolio, and net worth.

Formed in 1932, Superintendencia de Banca, Seguros y AFP is the organization responsible for regulating and supervising the financial system of Peru.

 

Banks in Peru

 

In March 2021, Moody’s Investors Service changed its outlook on the Brazil and Peru banking systems to stable from negative in light of an improving operating environment over the next 12-18 months. Moody’s believes the Peruvian banks’ asset quality and profitability will benefit from the expected recovery in the domestic economy and adequate support packages.

For anyone considering a banking career in Peru, this list of top banks in Peru is a helpful guide on where to start. To learn more, see our list of financial institutions.

 

The Top Banks in Peru Include:

 

Banco de Credito del Peru (BCP)

Banco de Crédito del Perú is the largest of the banks in Peru in terms of total assets, total loans, and deposits and was founded in 1889. The bank provides a range of products and services, including asset management, foreign exchange, treasury, custody and trust, investment advisory, and research to over six million clients, through more than 8,340 points of contact. BCP is the main subsidiary of Credicorp, Peru’s largest financial holding company.

Net income:  PEN 819.93 million (2020)

Total assets: PEN 200.47 billion (3/2021)

 

BBVA Continental

Formerly called BBVA Banco Continental, Peruvian bank BBVA Continental was the product of the merger of three banks in Peru – Banco Continental, Banco Bilbao Vizcaya, and Grupo Breca. The bank operates as a subsidiary of Holding Continental and provides banking services through 311 branches in the country.

In 2014, BBVA Continental was recognized as the Best Bank in Peru by Global Finance. Founded in 1951, it currently employs around 5,000 staff.

Net income: PEN 262.80 million (2020)

Total assets: PEN 80.00 billion (2020)

 

Scotiabank Peru S.A.A.

Scotiabank Peru is the third-largest bank in the country, providing services through 170 branches. The Canadian group established its presence in Peru in 1997 when it acquired a 35% shareholding in Banco Sudamericano. In 2006, Scotiabank became the sole shareholder.

The bank continued its expansion into Latin America by acquiring the 77% stake by Banca Intesa S.p.A. in Banco Wiese Sudameris. Scotiabank Peru was the product of the integration of Banco Sudamericano and Banco Wiese Sudameris.

Net income: PEN 262.80 million (2020)

Total assets: PEN 80.00 billion (2020)

 

Banco Internacional del Peru – Interbank

Founded in 1897, Interbank operates as a subsidiary of financial group Peruvian Group Intercorp Financial Services Inc. Headquartered in Lima, the oldest of the banks in Peru provides financial and ATM services through its 230 branches, over 1,500 ATMs, and more than 6,600 Interbank agents. It also offers change machines that exchange bills for coins.

Net income: PEN 264.88 million (2020)

Total assets: PEN 69.52 billion (3/2021)

 

Banco de la Nación

Based in the San Isidro District of Lima, Banco de la Nación (or Bank of the Nation) is a state-owned financial institution that is operated by the Peruvian Ministry of Economy and Finance. It was created by Law 16000 that was approved by Congress and signed into law by then-President Fernando Belaúnde Terry in 1966. The bank acts on behalf of the Peruvian government in financial transactions in public and private sectors, locally and internationally.

Net income: PEN 658.29 million (2020)

Total assets: PEN 44.51 billion (3/2021)

 

HSBC Peru

HSBC Bank Peru S.A. provides a range of personal and corporate banking products and services, including saving and current accounts, fixed-term deposits, consumer and commercial loans, mortgages, debit and credit cards, foreign trade, and cash management. It oversees a main office and 12 branches in Lima.

 

Citibank Peru

International financial group Citibank established its presence in Peru in 1920, providing corporate and investment banking services across the country. It is also the only US bank that operates in the country. Citi Peru is considered a key player in the group’s emerging markets strategy in the region.

One of the most prestigious banks in Peru, Citi Peru is the recipient of a number of awards through the years, including Best Private Banking Services Overall, Best Investment Bank, Best Corporate/Institutional Internet Bank, and Deal of the Year.

Net income: PEN 161.75 million (2020)

Total assets: PEN 8.56 billion (3/2021)

 

Banco Santander Perú S.A.

Formed in 2007, Banco Santander Perú S.A. provides a range of banking and financial services to individuals and businesses in the country, including letter bonds, treasury, leasing, international trade, and money transfer services. Headquartered in Lima, it operates as a subsidiary of Spanish banking group Banco Santander, S.A.

Net income: PEN 118.71 million (2020)

Total assets: PEN 8.32 billion (2020)

 

Banco Financiero

Banco Financiero was established in 1964 under the name Financiera y Promotora de la Construcción SA. It then renamed itself FINANPRO Empresa Financiera in 1982. In 1986, it became a commercial bank named Banco Financiero.

The bank offers a range of savings and deposit products, as well as financial services for micro-companies, foreign trade, and customized banking services. Based in Lima, it is a subsidiary of Banco Pichincha C.A.

 

Banco Interamericano de Finanzas SA

Founded in 1990, Banco Interamericano de Finanzas S.A. provides a range of banking products and services to individual and corporate customers in Peru. Aside from deposits, consumer and commercial loans, and retail banking products, it also offers collection services, leasing, financial intermediation, international banking, and treasury services.

Headquartered in Lima, the bank operates through 89 offices, 2,300 ATMs, and 1,400 agents.

Net income: PEN 63.88 million (2020)

Total assets: PEN 18.34 billion (2020)

 

Careers in Investment Banking

To break into investment banking, there are several important things to focus on. These include networking, resume, experience, and financial modeling skills. To learn more, explore our interactive career map:investment banking careers For banking careers, you will have a significant edge over the competition with our financial modeling courses.

 

Additional Resources

This has been a guide to the top banks in Peru. Please also see these additional CFI resources:

  • Top Banks in Brazil
  • Investment Banking Interview Questions
  • Walk Me Through a DCF
  • Financial Modeling Guide

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