Congressman Carlos Alva Rojas proposes eliminating the Financial Transaction Tax (ITF). In recent years, other regulations have been approved that replace its functions, which made the ITF not only unnecessary, but also harming savers, the parliamentarian maintains. The ITF came into force in 2004, after the approval of Law 28194, Law for the fight against […]
Tag: banks
Which banks or savings banks pay the most interest to save your money in November?
If you are looking to save your money in a financial institution and invest that excess profit to use in an emergency situation or a future project, you should know that there are fixed-term deposit accounts that offer interest rates to optimize the profitability of your funds. Although until August of this year, the Annual […]
These are the banks that will no longer charge over-the-counter withdrawal fees to people with visual disabilities
With the aim of improving the conditions of access to financial services by people with visual disabilities, the National Council for the Integration of Persons with Disabilities (Conadis) and the Association of Banks of Peru (Asbanc) signed an agreement inter-institutional cooperation during a ceremony held at the Asbanc headquarters, located in San Borja. This initiative […]
MEF: commissions are equivalent to 70% of what the AFPs earn
Within the framework of the debate on the reform of the pension system, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, took stock of the AFPs, a model established in our country for 30 years. Thus, in addition to not establishing a minimum pension for members who make a minimum amount […]
US Banking announces better-than-expected third quarter, despite headwinds
The big ones banks of USA announced this Friday a third quarter of profits and exceeded analyst expectations both in terms of profits and revenues, despite the “headwinds” that come from both the economic situation of the country and the international war conflicts. The shares of JPMorgan, Citigroup and Wells Fargo, the three banks that […]
Will interest rates on loans go down? This is what the BCRP says
In its last board meeting, the Central Reserve Bank of Peru (BCRP) reduced—for the second consecutive month— the interest rate reference by 25 basis points to 7.25%. However, the monetary authority specified that this decision does not imply a “cycle of successive reductions.” Will interest rates go down? Adrián Armas, central manager of Economic Studies […]
China’s two largest banks land in Bolivia to inject yuan
The two largest banks in China They landed on Friday in Bolivia given the Bolivian government’s policy of using yuan in international transactions and thus reducing dependence on the US dollar, the Central Bank (BCB) reported. Executives from the Industrial and Commercial Bank of China (ICBC) and the Bank of China “They met on Friday […]
Fixed-term deposit: which financial institutions offer the highest interest rate for your savings?
If you have an amount of money that you will not use immediately and are looking to save it in a financial institution, pay attention to the following information. It turns out that there are fixed-term deposits that allow you to invest your money, which generates bank interest. In the following note, find out which […]
SBS: which banks offer the cheapest mortgage loans?
If you plan to buy a house for your family and you do not have all the necessary capital, then one of your options is to acquire a mortgage loan and organize your finances to pay the debt without damaging your family budget too much. To do this, first, you have to compare the interest […]
BCRP reduced its reference interest rate: will the cost of credit also decrease?
After 40 months, the Central Reserve Bank of Peru (BCRP) reduced its reference interest rate by 25 basis points to 7.50% due to the slowdown in inflation, which in August had an annual rate of 5.58% . However, this decision would have an impact on the credits offered by the entities of the financial system, […]