Peruvian Bank โฃScotiabank Expects Loan Growth, Increased Risk Appetiteโ Amid Economic Optimism
LIMA, Peru – Scotiabank Peru anticipates โloan growth exceeding its previously projected 8-10% range, fueled by a resurgence in โขcredit card โขand SME lending, the bank’s executives โannouncedโค to investors. This optimistic outlook is coupledโค with โa slight increase in the bank’s risk appetite, driven by recent portfolio performance and positive expectations for the Peruvian macroeconomic environment.
The bank’s net interest margin is expected to expand alongside the growthโค in credit card andโค SME loans, according to Scotiabank’s leadership. Though, this growth will be tempered by โthe cost of funds, influenced by lower interest rates on deposits, explained bank representative Tori during โthe investor conference. The growth comes as Peruvians increasingly seek credit, prompting banks to refine their lendingโฃ filters.
Notably, Infocorp reports that individuals will be able to clear debts at a faster pace, with timelines shrinking to aโฃ matter of days in some cases. This increased access to credit and streamlined debt โresolutionโ are key indicators of a strengthening financial landscape โคin Peru.
The reporting was contributed by journalists Omar Manrique, a finance โคeditor with 10โข years of โฃexperience and โคa degree in economicsโฃ from the Pontifical Catholic University of Peru, and Guillermo Westreicher Herrera, an economist specializing in journalism and digital media.
