Overview
- Household saving grew 12.3% year over year in the third quarter, with a 12‑month net inflow of S/26,130 million and total balances at S/238,620 million.
- Regulated bank saving rose 10.9%, driven by savings accounts up 11.6% to S/118,650 million, which now represent about half of personal savings.
- Discretionary saving increased 15.4%, as mutual fund assets for individuals jumped 39.5% to S/51,500 million, reaching a new high.
- CTS balances were essentially flat at S/6,130 million, standing 63% below pre‑pandemic levels and accounting for just 2.6% of total deposits.
- Scotiabank views the slowdown versus 2024 as temporary and expects any new AFP withdrawals to park roughly 60% in bank accounts and about 6% in mutual funds in the short term.