The Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru has published its latest Financial System Stability Report, pointing to stronger consumer, mortgage and smaller-business lending alongside lower household debt burdens and improved loan quality. The report also says the financial system would remain solvent and liquid under adverse scenarios, supported by capital buffers and high-quality liquid assets. By March 2026, consumer credit grew 8.0% year on year and mortgage credit 6.8%, while the household delinquency ratio fell continuously to 6.2% after peaking at 10.5% in June 2024. The average installment-to-income ratio for consumer and mortgage borrowers declined to 25.8% in 2025 from 27.0% in 2024, its lowest level since 2018, in a context of greater use of low-value loans originated through digital wallets. In the business portfolio, retail lending to small and micro enterprises rose 9.5% against 2.5% for wholesale lending, and the retail delinquency ratio improved to 6.9%, three percentage points below April 2024. Across the system, credit increased 5.9% and deposits 10.5%. Starting from an average capital ratio of 16.4% in March 2026, stress tests showed the system at 15.1% under a stress scenario and 14.0% under a severe stress scenario over two years, both above the 10% legal minimum, while the 12-month cumulative liquidity gap remained positive at 11% of total liabilities even in a severely adverse scenario.

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