Moody’s Investors Service on Wednesday announced that it has changed its outlook on the Peru and Brazil banking systems to stable from negative. This change comes in light of an improving operating environment over the next 12-18 months.
The expected for the increise of Peru in economic growth and ample support packages will aid local banks’ asset quality and boost profitability.
Moreover, strong liquidity and solid core deposit funding will continue to support Peruvian banks’ financial profiles in 2021.
Date: Marzo 24, 2021