The agency Moody’s projected a favorable future for Peruvian banking by assigning positive outlooks to the country’s main entities. This forecast anticipates a high probability of raising its credit ratings, supported by the strengthening of its financial solidity.
“Banks’ operating conditions will be supported by gross domestic product growth of around 3% in 2026 and 2027, sustained by favorable terms of trade, and a dynamic labor market that maintains household income and credit demand,” the agency said.
Several factors associated with the national and international economic context, as well as the performance of entities in the last three years, explain Moody’s forecasts.
Low delinquency
The agency projected that bank delinquencies will decrease this year, driven by the entities’ risk reduction strategies and the growth of their loan portfolios. In addition, he estimated that, at the end of 2026, loans granted by banks would grow 6%, double GDP, and 8% in 2027.
He anticipated that banks will deepen their focus on consumer and SME financing, due to favorable labor market conditions and low unemployment rate.
“Working capital financing will lead commercial lending until the presidential elections, after which banks will opt for longer-term loans for corporate investments,” the agency mentioned.
He added that the credit quality of corporate companies will also improve, thanks to rising commodity prices and reducing leverage ratios.
Regional leadership
Also, Moody’s highlighted that the bank has capital buffers to face eventual losses, accumulated in the last three years, which are above the average of the main banking systems in Latin America.
“Banks are likely to maintain high dividend payments, supported by solid profit generation and credit growth,” he added.
On the other hand, the agency forecast that the results obtained by the entities in 2025 will lead them to continue investing in innovation and digital offers, reducing their costs and boosting their profitability.
“Profitability will remain solid, thanks to high margins and lower financing costs,” he indicated.
Data
Moody’s evaluates the risk rating of these entities: Banco de Crédito, BBVA Perú Interbank, Scotiabank, Mibanco, Banco de la Nación and Fondo Mivivienda.
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