The Peruvian financial system is strengthening its capital and liquidity structure, as well as its response capacity, to address the potential effects of the El Niño phenomenon and reduce its impact on clients, stated Martín Naranjo, president of the Association of Banks of Peru (Asbanc).
“The entire system is working to strengthen its capital structure, liquidity position, and response capacity, in order to better serve our clients,” he said during an interview with the Andina news agency, held on the sidelines of the 60th Annual Assembly of the Latin American Federation of Banks (FELABAN) in Lima.
He further emphasized that the objective is to prevent external events—those originating outside the financial system—from causing consequences that could otherwise be mitigated through proactive measures.
In this regard, he noted that the work of financial institutions encompasses three areas: managing prevention, organizing an immediate response, and subsequently managing any damages that may occur.
Naranjo highlighted that this effort requires the collaborative participation of the financial sector, the private sector, the public sector, and society as a whole.
“The core priority is ensuring that no one suffers the impact of events that we can prepare for in advance,” he stressed.
Cybersecurity and competition
Separately, the president of Asbanc maintained that cybersecurity is a central issue for the financial system and must be integrated from the very inception and design stages of financial products.
He pointed out that the advancement of digitalization necessitates adjustments to management and supervisory models, as well as to regulatory frameworks, to ensure the stability and security of operations.
Additionally, he addressed the entry of new competitors into the financial market, noting that competition is essential for business development and financial inclusion.
In this regard, he explained that entities seeking to enter the system must undergo organizational processes and obtain the necessary operating licenses, during which their moral, technological, technical, and economic suitability is verified.
“If these conditions are met and demonstrated to the supervisor’s satisfaction, then their contribution to the system is necessarily positive,” he stated.
Financial gathering
Elsewhere, Naranjo highlighted the turnout for the financial gathering currently taking place in Lima, which has brought together nearly 2,500 participants—a significant increase from the 400 attendees recorded at the previous edition held in Peru in 2012.
He noted that the country’s economic stability, international reserves, and solid fiscal position help enhance its appeal as a host for such events.
Furthermore, he announced that the Peruvian Association of Banks (Asociación de Bancos del Perú) will mark its 60th anniversary next year. To celebrate, it will host the National Banking Convention in Lima, alongside a regional and global gathering that will bring together directors and general managers from international banks.
Finally, he mentioned that an event focused on technology and cybersecurity is being planned for 2028.
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Published: 11/6/2026