Overview
- Moody’s projects bank lending to grow about 6% in 2026 and 8% in 2027 as Peru’s GDP expands near 3% in both years.
- Nonperforming loans are expected to fall below 3% in 2026, supported by banks’ risk‑reduction strategies and healthier borrowers.
- Sector earnings hit records in 2025, with banks posting S/14,147 million in net profits and 46 of 47 supervised institutions profitable, according to the SBS.
- Moody’s highlights a tilt toward consumer and SME lending, helped by a firm labor market, with working‑capital loans leading until elections before a shift to longer‑term corporate credit.
- A 4.25% policy rate and inflation near 2% keep funding costs low, though analysts warn that 2026 election uncertainty could disrupt the favorable outlook.