The desdolarizacion of loans and current levels of low defaults on the loan portfolio are clear signs of a good context of macroeconomic stability and growth that make possible that generates increasingly financing in local currency. And in relation to the British private equity fund, Aureos Capital (investment fund which invests in medium-sized companies), the Peruvian news agency Andina interviewed last week to the company’s regional manager, Erik Peterson saying, about the Peru investment projections: we see lots of potential in the Peruvian market which is growing rapidly, its economy has had one of the highest rates of growth in the region and feel that growth is sustainable. For Peterson, Peru is becoming a country of interest to foreign investors: then, we feel also that greater long-term will continue having stakeholders from the sector of strategic in entering Peru capital and investors. I can not say that these specific items marked a definite trend, but are signs of the progress that has been taking the Peruvian economy. But also, these signs mark sponsors perspectives for the development of the Peruvian financial system. As he unveiled the Andina News Agency, the pension funds in Peru are growing at an annual rate of 20%, a level that is above the growth rate of the funds in the region (which is close to 15%), product of the decrease in labor informality and a higher rate of entry into the system.
Clearly the higher income of pension funds should seek profitable investments and will probably find them in the Peruvian economy and why not, in its capital market (do invest in Petroperu when it begins trading on stock exchange?). Moreover, the increased supply of financing in local currency will encourage a greater demand for both consumption and investment credits and mortgage (the latter, at a slower pace), which will accelerate the growth of intermediation. Finally, the economic stability of Peru and their possibilities for growth, probably will encourage the development of the industry of venture capital and private equity, that will enable many companies that need large investments to grow, to access financing and receiving external support. We must closely follow the evolution of the financial system in Peru to not miss opportunities that we will provide the same. You will find us again tomorrow, Horacio Pozzo original author and source of the article.
