Earn your certification as a Financial Modeling & Valuation Analyst (FMVA)®. Register today!

Top Banks in Peru

Overview of Peru's leading financial institutions

Overview of Banks in Peru

Banks in Peru are comprised 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

 

Due to improving economic conditions and capitalization, Moody’s Investors Service revised its outlook on banks in Peru to positive. Following the recent economic slowdown in the country, the domestic economy is expected to grow, which will support improved lending activity and stabilization of asset risk.

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 are:

 

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. 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.

Revenue: PEN 9.78 billion (2017)

Net income:  PEN 3.03 billion (2017)

Total assets: PEN 139.11 billion (2017)

 

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.

Revenue: PEN 1.11 million (2016)

Net income: PEN 304,017 (2016)

Total assets: PEN 78.58 million (2016)

 

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.

Revenue: PEN 4.74 billion (2017)

Net income: PEN 1.21 billion (2017)

Total assets: PEN 60.79 billion (2017)

 

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 1,500 Interbank agents. It also offers change machines that exchange bills for coins.

 

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. It acts on behalf of the Peruvian government in financial transactions in public and private sectors, locally and internationally.

 

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 of the banks in Peru, it 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.

 

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.

 

Banco Financiero

Banco Financiero was established in 1964 under the name Financiera y Promotora de la Construcción SA. It then renamed itself to 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 subsidiary of Banco Pichincha C.A.

 

Banco Interamericano de Finanzas SA

Founded in 1990, financial institution 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 4,000 agents.

 

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…. 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
  • Top 100 investment banks
  • Investment banking interview questions
  • Walk me through a DCF
  • Financial modeling guide

Financial Analyst Certification

Become a certified Financial Modeling and Valuation Analyst (FMVA)® by completing CFI’s online financial modeling classes and training program!