...Moderate Growth, Stable Performance: Growth has moderated for Peru's top banks in line with the slower economic activity. Banco de Credito del Peru (BCP), BBVA Continental (BC), Scotiabank Peru (SBP), Banco Internacional del Peru (IBK) and Banco Interamericano de Finanzas (BIF) maintained their performance with robust asset quality, adequate capital and stable funding and liquidity. With some variation, these banks boast strong credit metrics that compare very well to those of their regional and global peers. In addition, the top four banks enjoy strong competitive positions in an open yet concentrated market. Slower Economic Growth: The Peruvian economy showed sustained albeit slower growth with fiscal and monetary discipline and resilient external balances. Moderate inflation, stable employment, increasing GDP per capita, relatively low banking penetration and a strong regulatory framework foster sustained and healthy growth. Banks Maintain Strong Balance Sheets: Banks' balance sheets...
