The banking system in Peru is one of the most stable in Latin America. The four largest banks (two of which are foreign) are BCP, BBVA Continental, Scotiabank Peru and Banco Internacional. The banking sector includes 16 universal service banks, 33 municipal and rural savings banks, and microfinance providers; 12 specialized financial institutions, 2 leasing institutions as well as 4 government-owned institutions such as Central Bank, Banco de la Nacion, Agrarian Bank and Corporacion Financiera de Desarrollo. Below is a list of the ten largest banks in Peru ranked by total assets.

Banco de Credito del Peru

Founded in 1889, Banco de Crédito del Perú (BCP) is the largest bank in Peru by assets, deposits, loans, number of customers and employees. Headquartered in Lima, it operates through 424 domestic branches and 2,270 ATMs. It also has international offices in Miami, Florida and Panama. BCP offers savings products, personal and mortgage loans, debit and credit cards, insurance, investments, wealth management, treasury and advisory solutions, foreign exchange, online banking and much more. The Bank’s shares are listed on the Lima Stock Exchange, with a market capitalization of US$16 billion. BCP had total assets of US$43 billion, net loans of US$28.6 billion, total deposits of US$27.6 billion and total equity of US$5.04 billion as at December 31, 2018.

BBVA Continental

BBVA Continental (previously known as BBVA Banco Continental), founded in 1951, is the second largest bank in Peru with a national network of over 14,000 points of service including 330 branches, 1,965 ATMs and 11,721 express agents. Headquartered in San Isidro, it serves more than 4.5 million customers and employs approximately 5,900 staff. As of March 31, 2019, BBVA Continental reported total assets of US$24.3 billion, net loans of US$16.2 billion and total deposits of US$16.5 billion.

Scotiabank Peru

Scotiabank Peru S.A.A. is the third largest bank in Peru. It provides banking products and services through more than 200 branches and 865 ATMs distributed across the country. The company operates as a subsidiary of Canadian giant The Bank of Nova Scotia. As of December 31, 2018, Scotiabank Peru reported total assets of US$19 billion, net loans of US$13 billion, total deposits of US$11 billion and shareholders’ equity of US$2.6 billion. In March 2019, Scotiabank completed acquisition of 51% controlling stake in Banco Cencosud and became the second largest credit card issuer in Peru.

Banco Internacional del Peru - Interbank

Banco Internacional del Perú S.A.A. (Interbank) is the fourth largest Peruvian bank by assets and loans and the second largest player in consumer banking. It operates through more than 270 domestic branches and one branch in Panama. Interbank’s shares are listed on the Lima Stock Exchange under the symbol INTERBC1. The company is subsidiary of Intercorp Financial Services (IFS). As of March 31, 2019, Interbank had total deposits of US$9.6 billion, loan portfolio of US$9.8 billion and total assets of US$14.7 billion.

Banco de la Nación

Banco de la Nación is the fifth largest commercial bank in Peru with consolidated total assets of over PEN 30.2 billion. It acts as financial agent of the Government. Banco de la Nación is a state-owned bank with 4,770 employees and over 630 branches located in each of the Peruvian provinces. About 60% branches are located in the remote districts of the country. Established in 1966, it is headquartered in San Borja, a district of the Lima Province.

Banco Interamericano de Finanzas

With about 1,370 employees, Banco Interamericano de Finanzas (BanBif) is one of the top 10 banks in Peru. It was incorporated in 1990 and provides a broad range of financial products and services to individuals and businesses through internet banking, mobile and telephone banking as well as through a network of about 90 branches and 2,310 ATMs located in Peruvian regions of Lima, Cajamarca, Arequipa, Ancash, Piura, Puno, Chiclayo, Ica, Trujillo, Cusco, Junin and Tacna. BanBif posted deposits of US$3.0 billion, loans of US$2.9 billion and total assets of US$4.2 billion for the fourth quarter 2018.

Banco Financiero Peru

Banco Financiero del Perú S.A. is the seventh largest bank in Peru by assets and deposits. It provides a range of retail and commercial banking services including savings and current accounts, salary accounts, time deposits, credit cards, debit cards, personal and mortgage loans, insurance, payment services, online banking and more. It operates as s subsidiary of Banco Pichincha, the largest private bank in Ecuador by market capitalization and deposits. Banco Pichincha is part of Grupo Financiero Pichincha, Ecuador's largest financial services provider.

Citibank Perú

Citibank del Perú S.A., established in 1920, provides corporate and investment banking products to large companies, multinational corporations and local and state financial institutions. The Bank has consolidated total assets of approximately US$2.0 billion.

Banco GNB Perú

Banco GNB Peru S.A. (previously known as HSBC Bank Peru) is one of the ten largest banks in the country with approximately 25 branches and more than 6,000 Kasnet service points. It provides current, savings, salary and corporate accounts, term deposits, consumer and business loans, mortgage loans, car loans, credit cards, insurance products, foreign trade and cash management services as well as mobile, online, ATM and telephone banking, among others. Banco GNB Peru S.A. is a subsidiary of Banco GNB Sudameris S.A., a Colombian bank.

Santander Peru

Banco Santander Perú S.A., headquartered in Lima, provides a wide range of products and services to individual and business customers. The Bank reported total deposits of US$1.18 billion, net loans of US$1.16 billion and total assets of US$1.7 billion as of December 2018. The company was established in 2007 and operates as a subsidiary of Spanish giant Santander Group.

Updated as of June 24, 2019.

See also:

List of Foreign Banks in Peru

Here is a list of branches, subsidiaries and representative offices of foreign banks in Peru.

Banco Azteca del Perú S.A. – A subsidiary of Mexican Grupo Elektra, S.A.B. de C.V.

Banco Cencosud S.A., currently known as rural savings bank Caja Rural de Ahorro y Crédito SA, is owned by Chilean financial group Cencosud and Canada-based Scotiabank.

Banco Falabella Perú S.A. – A subsidiary of Chilean retailer S.A.C.I. Falabella, the largest South American department store.

Banco Financiero del Perú S.A. – A division of Ecuadorian bank Banco Pichincha.

Banco Ripley Perú S.A. – A member of Grupo Ripley, a Chilean department store and financial services company.

Bank of America Peru
Address: Av. Victor Andrés Belaúnde 214, Office 401, San Isidro, Lima 27
Tel: +51 1 2097240

BNP Paribas Cardif Perú, founded in 2016, offers property/casualty insurance and life/health insurance.
Address: Avenida Canaval y Moreyra 380, Oficina 1101, San Isidro, Lima, 27
Tel: 51 1 615 1700

Deutsche Bank (Perú) S.A. was incorporated in 2007 and was closed in 2015.

ICBC Perú Bank S.A. – A division of Industrial and Commercial Bank of China Ltd. ICBC Peru Branch was officially opened on 27 November 2012.
Address: Avenida Juan de Arona 151, Oficina 202, San Isidro, Lima, 15046
Tel: 51 1 631 6800

J.P. Morgan Banco de Inversión – An investment bank established in 2016.
Address: Piso 6, Avenida Miguel Dasso 104, San Isidro, Lima, 150131
Tel: +511 205 3741
J.P. Morgan Private Bank, Peru
Phone: +511 211 8500

Citibank del Peru S.A. – A subsidiary of U.S.- based Citibank, N.A.

Banco GNB Peru (formerly HSBC Bank Peru S.A.) – A subsidiary of Colombian financial institution Banco GNB Sudameris S.A.

Banco Santander Perú S.A – A part of Spanish financial group Banco Santander S.A.

BBVA Banco Continental (now BBVA Peru) – A subsidiary of Spanish BBVA Group.

Scotiabank Perú S.A.A. – A subsidiary of The Bank of Nova Scotia, the third largest Canadian bank.

Morgan Stanley Bank N.A.
Address: Av. Santo Toribio 173 Vía Central 125, Oficina 1502, Edificio Real Ocho, San Isidro, Lima 27
Tel: +51 1 627 1400

MUFG Bank Ltd Representative Office in Peru (or sub-branch)
The Bank of Tokyo-Mitsubishi UFJ (now MUFG Bank Ltd) (formerly Bank of Tokyo) opened a representative office in Lima in 1961.

Rabobank, the Netherlands-based financial group, operates in Peru through Rabobank Foundation. It specializes in agrifood development and financial services for rural clients in the Andean country.