Peru Commercial Banking Report Q3 2012 - New Market Research Report
After a rapid recovery in 2010, Peru's commercial banking sector appears to have shifted onto a more stable growth trajectory as of late 2011, as we argued would be the case in our Q411 update. Asset growth came in at 7.5% last year, slightly above our own 7.0% estimate, but well off the 24.6% rate recorded in 2010, and loan growth slowed to 17.0%, from 19.1% the previous year (only one percentage point higher than our own estimate). Looking ahead,...
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