Peruvian Bank Lending Growth of 18% Sustainable, Rivera Says

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

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, head of the association known as Asbanc, told reporters in Lima today.