Analysis

Peru sees trade surplus after rise in non-traditional exports
OBG
plus

According to the Central Reserve Bank of Peru, the country’s trade surplus increased further in 2018, to $7.6bn, the highest figure since 2011 and the fourth biggest on record. Though the trade balance was down from $1.9bn to $1.2bn in the first quarter of 2019, economists are still predicting a surplus. According to Guillermo Arbe, head of economic studies at Scotiabank Perú, the surplus…

Analysis

Outlook for Peruvian banking sector positive despite pressure
OBG
plus

With Peruvian GDP growth improving to 4% in 2018, lending saw some renewed dynamism after a slow couple of years. Showing its fastest growth since 2010, lending from private sector banks was up 8.77%, according to the Peruvian Banking Association (Asociación de Bancos del Perú, ASBANC). Though different data providers offer different figures, partly due to fluctuations caused by the dual-currency…