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Latest News in Peru / Archive
Economy | 11 November, 2009 [ 12:13 ]
Moody's gives good news to Peru's banking system
LivinginPeru.com
Isabel Guerra
The international consultant firm Moody announced that it has an “stable perspective” for Peruvian banking system, after local economy's stabilization.
Moody's had put its qualification of “Ba1” for Peru's debt in foreign currency last September, for a probably upgrade to grade investment.
“The conditions for business have stabilized after the 2008's global crisis, including a minor inflation and interest rates, and therefore leading to increase in the demand for credits,” says Moody's.
Last week, Banco de Credito, the largest bank in Peru, said that the sector might grow 15% or 20% annually during the next 5 years.
"The Peruvian banks have entered the global crisis with the strongest balance sheets and performance since the country's own financial crisis of 1999-2003," the report "Banking System Outlook: Peru" said.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
Isabel Guerra
The international consultant firm Moody announced that it has an “stable perspective” for Peruvian banking system, after local economy's stabilization. Moody's had put its qualification of “Ba1” for Peru's debt in foreign currency last September, for a probably upgrade to grade investment.
“The conditions for business have stabilized after the 2008's global crisis, including a minor inflation and interest rates, and therefore leading to increase in the demand for credits,” says Moody's.
Last week, Banco de Credito, the largest bank in Peru, said that the sector might grow 15% or 20% annually during the next 5 years.
"The Peruvian banks have entered the global crisis with the strongest balance sheets and performance since the country's own financial crisis of 1999-2003," the report "Banking System Outlook: Peru" said.
Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.
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