Peru’s Superintendency of Banking, Insurance and Private Pension Fund Administrators authorised Banco BTG Pactual Peru to operate as a bank. The approval completes a regulatory process that BTG Pactual began in July 2025, Peruvian broadcaster RPP reported. The licensed institution will focus on corporate clients, large companies and institutional investors.
The regulator listed the authorisation under SBS Resolution No. 02364-2026. BTG Pactual already operated in Peru through investment-banking, brokerage and fund-management businesses, but the licence adds a locally regulated banking platform. The group must now complete its operational preparations before serving customers through the new bank.
LICENCE EXTENDS BTG PACTUAL’S REGIONAL PLATFORM
The SBS said the bank will be able to carry out corporate-banking, treasury and investment-banking activities for companies. BTG Pactual Peru chief executive José Antonio Blanco had earlier estimated that the bank would begin operating towards the end of 2026, Peru Retail reported. BTG Pactual said it would make a US$100 million capital contribution to the new bank.
BTG Pactual has operations in Chile, Argentina, Colombia, Uruguay and Mexico, and in January 2026 completed its acquisition of M.Y. Safra Bank in the United States. BTG Pactual said it would become the only Brazilian financial group with a bank operating in Peru, where it has had a presence for more than a decade. The new bank does not plan to enter consumer banking, according to Peru Retail.
OPERATING READINESS IS THE NEXT TEST
The authorisation marks a legal milestone rather than the start of customer operations. BTG Pactual said the start date of operations would be communicated to the market later.
Once licensed, the bank will be able to take deposits and raise funding in soles and dollars, and plans products such as local-currency loans and guarantees, Peru Retail reported.