The Peruvian banking sector closed March 2026 with a total average delinquency ratio of 2.99% across all loan portfolios, reflecting a still challenging but gradually stabilizing credit environment. While several consumer and small business lending categories continued to present elevated non-performing loan ratios, the majority of segments showed improvements compared to March 2025, suggesting that banks have strengthened risk management practices and that borrower repayment conditions have moderately recovered.
Banks Delinquency Rate in Peru
Total Credit Portfolio average - March 2026
Within consumer lending, revolving credit products remained the segment with the highest delinquency levels. Revolving consumer loans registered an average delinquency ratio of 4.4% in March 2026, improving from 5.8% one year earlier, representing a decline of 1.4 percentage points. Credit cards also showed a notable improvement, with delinquency decreasing from 4.8% to 3.7%, while vehicle loans declined from 4.6% to 3.7%. Non-revolving consumer financing and general consumer loans both recorded delinquency ratios of 2.1%, improving by 0.5 percentage points compared to March 2025. Consumer leasing maintained a delinquency ratio of 0.0%, unchanged from the previous year.
Corporate lending continued to exhibit the strongest asset quality indicators in the Peruvian banking industry. Corporate loans maintained an average delinquency ratio of just 0.1%, unchanged from March 2025, confirming the relatively low risk profile associated with large corporate borrowers. Large companies recorded a delinquency ratio of 2.4%, slightly above the 2.1% observed one year earlier. Medium-sized companies remained one of the most pressured segments despite a significant improvement, with delinquency declining from 11.2% to 9.9%. Small businesses also showed a favorable trend, improving from 9.5% to 8.6%, while microenterprise loans increased slightly from 4.0% to 4.1%. Mortgage lending continued to perform relatively well, with delinquency easing from 2.7% to 2.5%.
At the institutional level, Banco BCI Peru reported the lowest total portfolio delinquency ratio in the Peruvian banking system at 0.71%, followed by ICBC with 1.17% and Banco GNB with 2.07%. Interbank registered a delinquency ratio of 2.30%, while Banco Falabella Perú reached 2.47%. Alfin Banco stood at 2.63%, followed by Santander Perú at 2.66%, BCP at 2.82%, Banco Ripley at 2.88%, and BBVA Perú at 2.93%, all remaining below the industry average.
The overall banking sector average of 2.99% was followed by Santander Consumer Bank with 3.10%, Interamericano de Finanzas with 3.31%, and Scotiabank Perú with 3.75%. Higher delinquency ratios were observed in Banco de Comercio at 3.97%, Mibanco at 4.07%, Compartamos Banco at 4.33%, and Pichincha at 4.87%, reflecting the greater exposure of several institutions to higher-risk retail and microfinance customer segments.
The March 2026 data suggests that Peru’s banking system continues to normalize after a period of elevated credit stress, particularly within consumer and SME lending portfolios. Although delinquency levels in medium-sized and small business lending remain comparatively high, the year-on-year reductions indicate improving repayment dynamics and a more stable operating environment for banks focused on these segments.