banking Archives | Peru Reports banking Archives | Peru Reports

banking

Peru puts partisans on central bank’s board of directors
Posted by Colin Post on Oct 28, 2016 1 comment

Peru puts partisans on central bank’s board of directors

Peru’s opposition-controlled Congress is widely criticized for electing two of Keiko Fujimori’s former running mates as directors of the central bank. The Popular Force party which controls 71 seats in  Full Article »

Peru refinances govt debt with historic local-currency bond
Posted by Colin Post on Oct 5, 2016 Leave a comment

Peru refinances govt debt with historic local-currency bond

Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates. Last Wednesday Peru’s finance ministry issued $3 billion of  Full Article »

MSCI keeps Peru as ‘emerging market’
Posted by Colin Post on Jun 17, 2016 Leave a comment

MSCI keeps Peru as ‘emerging market’

Index-fund provider Morgan Stanley Capital International (MSCI) has ruled that Peru will remain an “emerging market” in its widely-followed market classifications. The decision ends a 10-month saga since the world’s  Full Article »

Peru mobile-payment system aims to expand access to finance
Posted by Colin Post on May 27, 2016 1 comment

Peru mobile-payment system aims to expand access to finance

Peru’s new digital wallet, Bim, has attracted almost 80,000 users in its first three months since launching in February. Bim does not require a bank account to sign up. Users  Full Article »

Ruling signals MSCI likely to keep Peru as ‘emerging market’
Posted by Colin Post on May 12, 2016 2 comments

Ruling signals MSCI likely to keep Peru as ‘emerging market’

Index-fund provider MSCI has kept the Southern Copper stock in the Peru universe, a move which indicates Peru will remain classified as an “emerging market.” Southern Copper is one of  Full Article »

Peru allows retirees to dissolve private pensions
Posted by Colin Post on Apr 16, 2016 1 comment

Peru allows retirees to dissolve private pensions

Peru’s Congress voted on Thursday to allow retirees to withdraw all of their private pension accounts in cash. By a vote of 84 to two, Congress overwhelmingly overrode a previous  Full Article »

Peru markets rally as leftist fails to qualify for runoff
Posted by Colin Post on Apr 14, 2016 Leave a comment

Peru markets rally as leftist fails to qualify for runoff

Peru stocks and the sol soared after leftist presidential candidate Veronika Mendoza did not garner enough votes to qualify for a runoff in the 2016 general election. Peru’s elections authority  Full Article »

Peru’s sol gains against dollar on China, Europe news
Posted by Colin Post on Mar 16, 2016 1 comment

Peru’s sol gains against dollar on China, Europe news

Peru’s sol has gained over 5% against the dollar this month to reverse all its losses in 2016. The sol traded at a 3.520 per dollar on March 2 when  Full Article »

Peru takes advantage of low interest rates with euro-bond issues
Posted by Colin Post on Feb 24, 2016 1 comment

Peru takes advantage of low interest rates with euro-bond issues

Peru issued $1.1 billion in 14-year bonds denominated in euros with a 3.77% yield to finance its fiscal deficit in 2017. The issue was the second time Peru has tapped  Full Article »