Peru

Peru's banking system consists of 20 multiple banks, with assets of S/604.3bn in July 2026, alongside the state-owned Banco de la Nación and non-bank deposit takers such as municipal savings banks. Concentration is high: Banco de Crédito del Perú (BCP), the main subsidiary of Credicorp, held 36.0% of multiple-bank assets, followed by BBVA Perú (19.9%), Interbank (13.6%) and Scotiabank Perú (12.0%), giving the four largest banks 81.6%. Credicorp also owns Mibanco, which focuses on micro and small-business lending. The remaining banks are mid-sized or niche corporate, consumer-finance, retail-affiliated and foreign-owned institutions.