The Central Reserve Bank of Peru will expand its additional reserve requirement linked to foreign currency lending from December 2026. The measure, which currently covers vehicle and mortgage loans, will include other consumer loans but exclude credit card lending. The requirement will be triggered when the average daily balance of mortgage and covered consumer loans exceeds the higher of 95% of the May 2026 balance or 7% of a financial institution’s regulatory capital. The balance-based threshold will fall to 80% of the May 2026 level in December 2027 and 60% in December 2028. From December 2029, the requirement will be determined solely by regulatory capital, with the applicable threshold declining by 1 percentage point annually from 7% to 5%. The current regime will remain in force through November 2026.
2026-08-22Central Bank of Peru
Central Reserve Bank of Peru expands additional foreign currency reserve requirement to consumer loans from December 2026
The Central Reserve Bank of Peru will extend its additional foreign currency reserve requirement to consumer loans, excluding credit cards, from December 2026. The trigger will initially be based on the higher of 95% of the May 2026 covered loan balance or 7% of regulatory capital, with both benchmarks scheduled to decline over time.