Peruvian Bank Lending Growth of 18% Is Sustainable, Rivera Says

Peruvian bank lending will grow as much as 18 percent this year and next without creating risks to the financial system, said the president of the country’s banking association, Asbanc.

Economic growth of about 6 percent and demand from new customers will allow a faster rate of loan expansion than in developed economies, Oscar Rivera told reporters in Lima today. Demand for sol-denominated loans is stronger than for credit in dollars, he said.

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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