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More Signs Of Economic Maturity

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What is the relationship between the Scotiabank, the British fund Aureos Capital and increasing the proportion of loans in sales in Peru? In the next few lines … We’ll find out in parts. The first thing I tell them is that according to the Peruvian newspaper, El Comercio, Scotiabank agreed to enter the business of managing pension funds in Peru to acquire a stake in Profuturo AFP something less than 50% by would pay about U.S. $ 35 million. Profuturo AFP, was founded in 1993 with the start of the Peruvian pension system in Peru and manages the fourth private pension fund in the country (I have to say that the AFP are 4 participating in the system), where it handles 21% of system customers and accounts for 17% market share of total revenues of the system. Peruvian AFP system is a multi-fund system, which means that the contributor can choose between three different types of funds according to their preference toward risk. And this is not an element lower for a pension system, but shows the degree of development that exists there. Argentina has been debating the possibility of multi-fund system but so far has not been accomplished (and indeed is far from done). In other news from “El Comercio” realized that during the month of May, the dollarization of loans by the financial system had declined in all segments, reporting levels of 75.24% in mortgage loans, 72.10% in commercial loans, 20.03% in loans to micro and 19.75% in consumer loans.

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