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Peru Lending to Expand 15% in 2012, La Republica Says

Peru’s outstanding bank loan growth will ease to 15 percent this year from a 17 percent pace last year as the economy slows, La Republica reported.

Lenders’ non-performing loan ratio will be about 1.5 percent, the Lima-based newspaper said, citing comments by Alberto Morisaki, head of research at the country’s banking association known as Asbanc.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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