Asbanc: Congressional Commission approved by insistence the law of interest rate caps without considering arguments from the MEF, BCR or SBS

With a short discussion, the Consumer Defense Commission of the Congress of the Republic approved the insistence of the law on interest rate caps, said the Association of Banks of Peru (Asbanc). “This decision has been taken without heeding the observations made by the Executive Power, which were presented with solid economic and constitutional arguments,” … Read more

BCR: credit to the private sector expanded 12.3% during 2020 | News

Credit to the private sector, which includes loans granted by banks, finance companies, cooperatives, municipal and rural savings banks, expanded 12.3% in 2020, the highest annual rate since 2013, the Central Reserve Bank (BCR) reported today. He argued that this growth was mainly due to the credits of the Loan Program guaranteed by the Government. … Read more

Rate control will erase credit history achieved by entrepreneurs | News

The norm, approved in the Congress of the Republic, which establishes the fixing of caps on financing costs in financial institutions will erase the credit history built by entrepreneurs over 30 years, said the Association of Microfinance Institutions of Peru. (Asomif). Said regulations will have that effect (because they would not qualify for another loan), … Read more

BCR: Peru ranks as the second emerging market with the greatest macroeconomic strength

Peru ranks as the second emerging market with the greatest macroeconomic strength according to a recent Bank of America (BofA) report, due to a significant economic recovery expected in 2021, controlled annual inflation, a high level of reserves and its strong level of surplus commercial. In its semi-annual ranking of 71 Global Emerging Market (GEM) … Read more

Interest rate | Interest rate on a loan in the informal sector is 25 times more than the formal one | ECONOMY

In the Plenary of Congress this week it is planned to debate the bill that sets limits on interest rates on financial system loans, the same that has been questioned from the Ministry of Economy and Finance (MEF), the Central Reserve Bank (BCR) and the Superintendency of Banking, Insurance and AFP (AFP), as well as … Read more

Economy: Reactiva Peru: BCR auctioned S / 98 million today

Updated 09/01/2020 at 5:12 PM As of last August 31, there are already 419,975 companies from all economic sectors that received credits from Reactiva Perú, of which 98% (410,480) are micro and small companies (Mypes) that have benefited from historically low interest rates, reported today the Central Reserve Bank (BCR). He indicated that between June … Read more

Economy: Reactiva Peru 2: BCR today auctioned 711 million between financial entities

Updated 08/12/2020 at 4:03 PM The Central Reserve Bank of Peru (BCR) held the fourteenth session of auctions of Portfolio Repos with Guarantee of the National Government, assigning a total of S / 711 million at an average interest rate of 2.43% among the entities of the financial system . He BCR reported that between … Read more

Economy: Reactiva Peru 2: BCR auctioned today S / 422 million

Updated on 07/14/2020 at 16:58 The Central Reserve Bank of Peru (BCR) held the seventh session of Portfolio Repos auctions with a guarantee from the National Government, allocating a total of S / 422 million at an average interest rate of 1.75% among the entities of the financial system. These resources will be channeled to … Read more