SBS: 7 Risks Peruvian Banks Will Face in 2024 | SBS | Risks for Peruvian Banking in 2024 | Banks | economy

The Banking Supervision, Insurance and AFP (SBS) That said seven major risks Peruvian Financial System Faced in 2024.

Firstly, the superintendent of SBS, Help HaysonNote that global inflation will persist, which in turn will occur Interest rates in developed countriesAs in America, it will be at a higher level.

As a result of the above, the third risk is that the global economic recession will persist, as lower growth may affect local economies and markets, he said.

At the international level, the escalation of geopolitical tensions (wars in Gaza and Ukraine, among others) is another source of concern for the regulator of the Peruvian financial system.

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Low growth risk and its impact on Peruvian banking

At the domestic level, Heyson cited the potential Low growth of the Peruvian economy, which will follow the regression process that is affected today. The economic downturn has led to a credit crunch in the country, the Peru Banking and Finance Summit is scheduled for 2023. El Dorado Investments.

A sixth, almost obvious, risk that SBS weighs is the severity of the L event. Beach Boy And this Global Child From the end of this year, according to Heisson, an anomaly that financial institutions are generally adequately prepared for, Backed by adequate capital buffers, liquidity and provisions, as well as significant profits and profitability.

The watchdog said the country’s credit rating will eventually be downgraded, a seventh condition that will affect the performance of the financial system in the next year unless political stability and economic growth are restored.

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Interest rates

Conversely, a process that benefits banks is the benchmark interest rate Central Reserve Bank of Peru (BCRP) keep coming down After three cuts between September and November, he commented.

BCRP’s reduction in interest rates is transferred to commercial banking, encouraging a reduction in the cost of credit and, consequently, an expansion of financing for households and firms.