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Banking on Success

Nov 1, 2011

Peru - Best Bank - BBVA Continental Peru

Few banks could wish for a better market to work in than Peru’s financial sector, and BBVA Continental has proven itself to be one of the top players in an economy than has enjoyed GDP growth of 8% plus and an inflation rate of just 2.1%–one of the region’s lowest.

The bank faces some formidable competitors including BCP, but it managed to maintain a lead in several categories by expanding quickly into new sectors such as small and medium-sized enterprises...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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