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 […]
Tag: banks
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, […]
Deposit Insurance Fund rises to S/124,199: which financial entities have this support?
The maximum amount of coverage of the Deposit Insurance Fund (FSD) for the period September-November 2023 will rise to S/124,199, which represents an increase of S/279 compared to the previous quarter, when it was S/123,920, according to the latest update from the Superintendency of Banking, Insurance and AFP (SBS). In this way, savings accounts, time […]
Interbank fined more than S/182,000 for unilaterally altering the contract
“A way of the cross to only receive S/36 despite losing more than S/50,000,” warned the citizen and lawyer Claudia Alayo in conversation with La República, when describing his experience after suing Interbank before Indecopi for unilaterally altering the conditions of their contractual relationship. Like many Peruvians, Claudia took advantage of the facilities announced by […]
AFP Retirement 2023: how have the pension fund disbursement proposals turned out and what’s next?
With the commissions already established in Congress, many people are wondering about the future of the proposals of retirement AFP 2023 and the agreements of the members of the Economy Commission. Join the WhatsApp channel of La República The new one Economy Commission of the Congress of the republic has finally been kept under the […]