Profits of banks and savings banks grow more than 40%

The financial system shows a more solid situation than last year, which represents good news for the peace of mind of savers.

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According to data from the Superintendency of Banking, Insurance and AFP (SBS)financial entities achieved profits of S/11,502 million at the end of the third quarter of 2025, which represents a growth of 47.6% compared to the same period in 2024.

Of a total of 47 supervised entities, only three reported losses compared to the 13 that did so last year. In the case of the banks, all closed with positive results. The performance of Banco Ripley stands out, which managed to reverse the losses suffered during the pandemic, and Banco Pichincha, which also returned to blue numbers.

Among financial companies, only Proempresa recorded losses, after having made profits the previous year. In the municipal savings bank system, the smallest (Del Santa, Maynas and Paita) left behind several years of negative results and closed the period with profits. Overall, the municipal savings bank system ended with profits.

The rural savings bank system also showed a significant improvement: after having reported losses in 2024, in September of this year it closed in blue. Only Prymera and Del Centro recorded losses, although both reduced their negative results by more than half. For their part, credit companies (formerly edpymes) also managed to close with profits.

Causes of improvement

Jorge Mogrovejo, deputy superintendent of Banking and Microfinance at the SBS, pointed out that the positive performance of the system responds to the improvement of the economy and the prudent growth that the entities have maintained during the last year. He also highlighted the progress of municipal savings banks, whose credit growth with lower risk and the support of the regulator have strengthened their results.

Among the additional factors mentioned by sector executives is the reduction in financial spending, associated with the fall in interest rates, a pattern that has been repeated in most entities.

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