Best bank 2025: BBVA
BBVA is this year’s best bank in Peru due to its strong performance, strategic resilience and customer-centric innovation during a year of economic recovery and transformation in the country.
Amidst a challenging macroeconomic backdrop, BBVA delivered a robust return on equity of 15.1%, driven by a 15% growth in deposits and market-leading expansion in personal loans and mortgage lending.
The bank’s digital transformation was a standout success during the review period. With more than 2.9 million active mobile users and 552 million monetary transactions through its app, BBVA achieved a 70% net promoter score in Peru – signifying its trusted status as the most widely used digital banking platform. Initiatives such as the Plin Zone, PowerPay and the zero-fee Digital Account furthered convenience and accessibility for both retail and business clients.
BBVA’s commitment to sustainability and inclusion was equally impressive. It exceeded its sustainable financing target by 45%, launched inclusive leadership programmes and supported more than 51,000 individuals through educational and financial literacy initiatives in 2024.
With a clear focus on customer experience, digital excellence and sustainable growth, BBVA Peru is a deserving winner of this year’s best bank award.
Best investment bank 2025: BofA Securities
BofA Securities is Peru’s best investment bank due to its leadership, innovation and execution across the country’s capital markets.
In 2024, BofA continued as a top-tier adviser and underwriter, leading landmark transactions across M&A, debt capital markets and syndicated loans. Notably, the firm served as exclusive financial adviser to Petroperu in the complex sale of Block 192 to Altamesa Energy, marking a pivotal reopening of Peru’s M&A market.
In debt markets, BofA led more than $8.2 billion in new issuances for Peruvian clients including BCP, Interbank, BBVA and the Republic of Peru, reinforcing its dominance in both USD and PEN-denominated deals.
BofA’s role in structuring and executing high-impact transactions, such as the $320 million syndicated facility for Alicorp and the $3 billion dual-tranche sovereign bond for Peru, demonstrates its ability to navigate complexity and deliver value. Its leadership in liability management, exemplified by the Volcan refinancing, further highlights its strategic depth.
With a strong on-the-ground presence and a team of 10 seasoned professionals, BofA has demonstrated exceptional cross-product capabilities, delivering strategic and financing solutions in Peru. This award recognises BofA’s commitment its trusted client relationships and its ability to drive outcomes in a dynamic market.
Best bank for large corporates 2025: Citi Perú
Citi has become a cornerstone of Peru’s financial infrastructure, offering a full suite of corporate banking services tailored to the evolving needs of large local and multinational clients.
Citi’s strength lies in its ability to deliver integrated solutions across cash management, trade finance, risk management and capital markets. In 2024, Citi supported over 60 Peruvian conglomerates and more than 700 subsidiaries of multinational firms, leveraging its global network across 94 countries to provide seamless cross-border services.
Citi also advanced digital transformation through platforms such as CitiDirect and CitiConnect, offering clients real-time access, biometric authentication and artificial intelligence-driven fraud detection. Its leadership in cash and liquidity management was further reinforced by exclusive offerings such as Multi-Bank Target Balance Accounts and InfoPool.
Beyond banking, Citi demonstrated a strong commitment to community impact, supporting financial inclusion, sustainability and entrepreneurship initiatives across Peru.
With a proven track record of innovation, execution and client partnership, Citi continues to set the standard for excellence in corporate banking. Its recognition as Peru’s best bank for large corporates reflects its enduring leadership and unwavering dedication to empowering Peru’s largest and most dynamic enterprises.
