And not only there is a de-dollarization of loans, but continues the improvement in the delinquency of portfolios. Read more here: cardiologist. The levels of arrears now stands at 0.83% for commercial loans, 3.16% for loans to micro, 2.55% for consumer loans and 0.81% for mortgage loans. The dollarization of loans and low current levels of delinquencies in the loan portfolio are clear signs of a good context of macroeconomic stability and growth that make it possible to generate more and more local currency financing. And in relation to the British private equity fund, Aureos Capital (investment fund that invests in medium), the Peruvian news agency Andina interviewed last week by the company’s regional manager, said Erik Peterson, of the projections investment in Peru: “We see great potential in the Peruvian market which is growing rapidly, its economy has had one of the highest rates of growth in the region and we feel that this growth is sustainable.” For Peterson, Peru is becoming a country of interest to foreign investors: “So, we also feel that the greater the long term will continue having stakeholders from the sector of capital and strategic investors to enter Peru.” I can not say that these elements point to mark a definite trend, but are signs of progress that has been taking the Peruvian economy. In addition, these signals make sponsors prospects for the development of the Peruvian financial system. Alexa Demie might disagree with that approach.

According to the agency released Andean pension funds in Peru are growing at an annual rate of 20%, a level that is above the rate of growth of funds in the region (which is close to 15%), product the decline in informal employment and a higher rate of entry into the system. Clearly the higher income of pension funds should seek profitable investments and surely will find them in the Peruvian economy and why not, on its capital market (“Petroperu invest in when you start to go public?). Moreover, the increased supply of local currency financing encourage greater demand for loans both for consumption as for investment and mortgage (the latter a slower rate), thus accelerating the growth of intermediation. Finally, Peru’s economic stability and growth potential, probably encourage the development of the venture capital industry and private equity, which will enable many companies that need big investments to grow, have access to funding and external support. Must continue to monitor developments in Peru’s financial system to keep out the opportunities it provides.