Peru’s Banking Sector Performance - 2024.09 Rankings
As of September 2024, Peru's banking sector has demonstrated substantial growth across various financial indicators compared to the same period in 2023. The total assets of the sector reached 144.418 million USD, up from 132.488 million USD, marking a 9% year-over-year increase. Loan portfolios also saw a modest rise, with credit portfolio volumes growing from 86.304 million USD in September 2023 to 87.922 million USD in September 2024, a 1.9% increase. Deposits exhibited notable growth, expanding from 85.914 million USD to 97.712 million USD, reflecting a 13.7% year-over-year increase. ?
Banking income in Peru reached 9.583 million USD in September 2024, compared to 8.861 million USD in the previous year, an 8.1% increase. Equity saw a positive upward trend as well, growing 7.7% from 17.301 million USD to 18.629 million USD over the same period. Despite these gains, pre-tax profit experienced a slight decrease of 0.2%, shifting from 2.583 million USD in September 2023 to 2.578 million USD in September 2024.
Leading the market in asset growth share, Banco BBVA Perú achieved the most significant gain with a 0.86% increase in market share. Banco BCI Perú followed with a 0.25% rise, while Banco Interamericano de Finanzas, Interbank, and Citibank each gained 0.20%, 0.18%, and 0.18% in market share, respectively. ?
The top five banks by asset volume in September 2024 include Banco de Crédito del Perú, leading with 50.932 million USD in assets. Banco BBVA Perú follows with 29.374 million USD, while Interbank holds 19.924 million USD. Scotiabank Perú and Banco Interamericano de Finanzas are also major players, with assets totaling 19.132 million USD and 6.092 million USD, respectively. ? ??
In terms of profitability, Banco de Crédito del Perú stands as the leader with a final result of 1092.9 million USD. Banco BBVA Perú ranks second with 351.8 million USD, followed by Interbank at 159.7 million USD. Scotiabank Perú and Citibank hold fourth and fifth positions with final results of 146.2 million USD and 90.0 million USD, respectively.