Banco Pichincha Perú

What Banco Pichincha Perú does

Banco Pichincha Perú is the Peruvian subsidiary of Grupo Financiero Pichincha, a 120+ year-old Latin American financial group with operations in five countries. Headquartered in Miraflores, Lima, the bank operates as a private, SBS-regulated commercial bank with 1,001–5,000 employees, serving both individual consumers (personas) and business/corporate clients (empresas). It markets itself as 'Tu Otro Banco' (Your Other Bank) and delivers its full product suite across physical branches in Lima, Trujillo, Piura, and Chiclayo, plus a digital-first stack anchored by the APP Banco Pichincha Perú and Zona Digital web platform.

Name

Banco Pichincha Perú

Legal name

Banco Pichincha

Website

https://pichincha.pe

Company type

Private

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Banco Pichincha Perú is a private Peruvian commercial bank and subsidiary of Grupo Financiero Pichincha offering retail and corporate banking — savings, deposits, mortgage, payroll loans, insurance, and treasury services — through branches, a mobile app, and digital self-service channels.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industries

Retail Wealth & Bancassurance Distribution (Investment & Insurance via Bank) (FSABAAAJ), Customer Experience & Engagement (CRM, Support, Rewards, Loyalty) (FSAGAAAM)

Keywords

• Retail banking services
• Commercial banking
• Mortgage lending
• Digital banking
• Payment services

Headquarters

HQ city

Miraflores

HQ country

Peru

HQ region

Latin America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Net Interest Income (Interest on Loans and Credits): The bank earns interest income from its lending portfolio, including personal loans with liquid guarantees, convention credits (payroll deduction loans), mortgage loans (Traditional, MiVivienda, Techo Propio, Constructor), and credit card financing. Interest rates are expressed as TCEA (Tasa de Costo Efectivo Anual), with reference rates such as 10.4% TEA for traditional mortgages and up to 15.64% for MiVivienda products.
2. Deposit Taking and Interest Expense: The bank accepts savings deposits and time deposits (depósitos a plazo fijo), paying depositors a TREA (Tasa de Rendimiento Efectivo Anual). Current TREA rates: 3.75% soles and 2.25% USD for savings accounts; up to 4.00% TREA soles and 3.20% TREA USD for digital time deposits.
3. Transaction and Service Fees: Fees are charged for services including interbank transfers (via BCR and CCE), international transfers, foreign trade operations (documentary credits, guarantees, exports/imports), cash management (Cash Financiero), and payment services. SOAT and general insurance distribution commissions are also earned through the branch network.
4. Insurance Distribution (Bancassurance): The bank earns commission income by distributing insurance products including oncological treatment insurance (La Positiva), accident insurance, financial protection insurance, life insurance (desgravamen), and property insurance. Insurance premiums are collected and bundled into loan payments where applicable.
5. Credit Card (Diners Club Partnership): Through a partnership with Diners Club, the bank issues Diners Club credit cards and earns interchange income, annual fees, and merchant discount rates (MDR) from card transactions at affiliated establishments.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels8 records

Core offering

Banco Pichincha Perú is a commercial bank offering retail and corporate banking products to individuals and businesses in Peru. Its core offerings include high-yield savings accounts and fixed-term deposits in soles and dollars, personal loans backed by payroll deduction or liquid guarantees, a full mortgage suite (Tradicional, MiVivienda, Techo Propio, Constructor), credit cards via Diners Club, bancassurance distribution, and for businesses a current account, working capital and medium-term loans, foreign trade finance, and the Cash Financiero corporate cash-management platform. Distribution combines the APP mobile application with facial-recognition onboarding, a branch network spanning Lima and regional cities, KasNet agents, Western Union, and GlobalNet ATMs.

Product overview

Banco Pichincha Perú (branded as 'Tu Otro Banco') operates as a comprehensive commercial bank offering a multi-channel product portfolio organized into Personal Banking and Business/Corporate Banking segments. The Personal Banking suite centers on the Cuenta de Ahorros Preferente (both Soles and Dollars variants) and Depósito a Plazo Fijo as core savings products, complemented by secured lending options including Préstamo con Garantía Líquida, Crédito por Convenio, and a full mortgage suite comprising Crédito Hipotecario Tradicional, Crédito Mi Vivienda, Crédito Techo Propio, and Crédito Hipotecario Constructor. Insurance products include oncology, accidents, and financial protection offerings. The Business Banking segment provides transactional accounts (Cuenta Corriente and savings), term deposits, working capital and medium-term loans, international trade services (exports, imports, letters of guarantee), and the Cash Financiero enterprise platform for cash management and payroll processing. Digital banking is delivered primarily through the APP Banco Pichincha Perú mobile application enabling 100% digital account opening, exclusive exchange rates, and comprehensive transaction capabilities, supplemented by extensive agent networks (KasNet), ATM infrastructure (GlobalNet), and interbank transfer systems (CCE and BCR).

Differentiator

Problem solved

Functional benefit

Brands

• Cuenta de Ahorros Preferente: Cuenta de ahorro en soles y dólares con tasas competitivas (3.75% TREA soles desde S/3,000, 2.25% TREA dólares desde $1)
• Depósito a Plazo Fijo
• Cash Financiero
• Zona Digital

Products and services

• Cuenta de Ahorros Preferente Soles High-yield savings account in Peruvian soles paying 3.75% TREA from an S/3,000 average monthly balance, with no monthly maintenance fee, S/0 minimum opening and 100% digital onboarding through the APP for Peruvian retail customers.
• Cuenta de Ahorros Preferente Dólares Dollar-denominated high-yield savings account paying 2.25% TREA from $1, with no monthly maintenance fee, no minimum balance, and mobile-exclusive USD/PEN exchange rates for retail customers.
• Depósito a Plazo Fijo Fixed-term deposit in soles or dollars with terms of 90, 180 or 360 days, paying up to 4.00% TREA soles or 3.20% TREA USD when opened digitally (with lower rates when opened in-agency), flexible interest payment (monthly, at maturity or capitalizable) for retail customers.
• Cuenta Desembolso Specialized savings account optimized to receive personal or payroll-deduction loan disbursements for retail customers.
• Cuenta Simple Basic retail savings account with simplified requirements for everyday transactional banking.
• Cuenta de Ahorro Hipotecario Mortgage-linked savings account for aspiring Peruvian homeowners with no minimum opening amount and unlimited deposits, used to demonstrate payment capacity before qualifying for a Traditional, MiVivienda, Techo Propio or Constructor mortgage.
• Préstamo Personal con Garantía Líquida Secured personal loan collateralized by a Banco Pichincha time deposit, ranging from S/5,000 to S/300,000 with terms up to 60 months, preferential interest rates versus unsecured loans, 24-hour approval, and a grace period of up to 30 days.
• Crédito por Convenio Payroll-deduction loan for employees of companies with bank agreements, offering up to S/200,000 with terms up to 72 months, debt consolidation, automatic monthly deductions, and optional desgravamen credit life insurance.
• Tarjeta Diners Club International Diners Club credit card distributed by Banco Pichincha in Peru, accepted at 70+ million establishments worldwide and 20,000+ Peruvian merchants with up to 24 interest-free installments.
• Crédito Hipotecario Tradicional Traditional mortgage loan financing up to 95% of property value with terms up to 25 years, reference TCEA max 12% (TEA reference 10.4%), mandatory desgravamen and todo riesgo insurance, and up to 12 months grace period for future properties.
• Crédito MiVivienda Government-subsidized first-time homebuyer mortgage integrated with Fondo MiVivienda, financing properties valued from S/69,900 to S/367,600 with up to 90% financing, terms up to 25 years, reference TCEA max 15.64% (TEA 14%), and access to Bono Buen Pagador.
• Crédito Techo Propio State-subsidized housing credit for low-income Peruvian families earning up to S/3,715 per month, financing property values up to S/104,500 (house) or S/130,500 (apartment) with a minimum 7.5% down payment complemented by Bono Familiar Habitacional, and no early-repayment penalty.
• Crédito Hipotecario Constructor Mortgage for construction projects financing from S/5,000 up to 100% of the construction budget, with partial disbursements during the build phase and repayment terms of up to 20 years.
• Seguro de Tratamiento Oncológico Bancassurance product covering up to S/100,000 per year for oncology treatment and a S/5,000 indemnity for first diagnosis, underwritten by La Positiva Seguros with care delivered through the Oncosalud / AUNA network; for retail customers seeking financial protection against cancer.
• SOAT Mandatory vehicle accident insurance distributed through Banco Pichincha, covering medical expenses for occupants and third parties.
• Seguro Todo Riesgo Property insurance bundled with mortgage credit that protects real estate against fire, earthquakes, theft and other multi-peril risks.
• Protección de Tarjetas Card protection insurance that covers losses resulting from theft or robbery of debit and credit cards.
• Familia Protegida Family protection insurance that provides financial security for dependents in the event of the policyholder's death or disability.
• Protección de Pagos Payment protection insurance that covers loan installments if the borrower becomes unemployed, disabled or dies.
• Seguro de Desgravamen Saldo Credit life insurance that pays off the outstanding loan balance upon the borrower's death or permanent disability.
• Seguro de Desgravamen con Devolución Credit life insurance with a premium refund feature that returns premiums to the borrower at loan completion while protecting the outstanding balance.
• APP Banco Pichincha Perú Mobile banking application for iOS and Android that delivers 100% digital account opening with facial recognition, exclusive USD/PEN exchange rates, P2P transfers by phone number, interbank CCE and BCR transfers, and full loan / card management 24/7.
• Cuenta Corriente Empresas Business current account providing fast and secure transactional banking services for corporate clients.
• Cuenta de Ahorro Empresas Business savings account with flexible deposits and competitive interest rates for SMB and corporate clients.
• Depósito a Plazo Empresas Corporate fixed-term deposit providing secure and profitable returns for SMB and corporate clients with surplus liquidity.
• Descuento de Facturas Negociables Invoice discounting service that provides immediate liquidity to businesses using outstanding trade receivables as collateral.
• Préstamo de Mediano Plazo Medium-term business financing with flexible terms for capital investments and growth initiatives for SMB and corporate clients.
• Capital de Trabajo Working-capital loan to finance daily operations and short-term business needs for Peruvian SMBs and corporates.
• Financiamiento Inmobiliario Real-estate financing for the acquisition of commercial properties and business premises by corporate clients.
• Financiamiento de Comercio Exterior International trade-financing solution enabling Peruvian businesses to finance imports and exports through documentary credits, guarantees and related trade-finance instruments.
• Carta Fianza Bank guarantee letter securing contract fulfilment, issued with competitive commissions for Peruvian businesses participating in tenders and commercial contracts.
• Exportaciones Export service that helps Peruvian businesses receive international payments for goods sold abroad.
• Importaciones Import service that facilitates international purchases and cross-border transactions for Peruvian businesses.
• Cash Financiero Enterprise cash-management platform for corporate clients enabling bulk payments, payroll processing, CTS deposits, tax payments and BCR interbank transfers through a dedicated B2B interface.
• Pago de CTS CTS (Compensación por Tiempo de Servicios) payment service for businesses to deposit employee severance funds in compliance with Peruvian labor law.

Quantifiable outcome

• 3.75% TREA on savings in soles from S/3,000 average balance (vs. 0.5-1% at traditional banks)
• +6 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• La Positiva Seguros y Reaseguros S.A.A.coreStrategic or Co-development PartnerLa Positiva provides the oncological treatment insurance product offered to Banco Pichincha customers. Coverage includes up to S/100,000 annual treatment benefit and S/5,000 diagnostic indemnity, with claims coordinated through the Positiva call center.
• Oncosalud (AUNA)coreStrategic or Co-development PartnerOncosalud (part of AUNA network) provides the healthcare provider network for oncological treatment coverage, including hospital and ambulatory services, PET scans, second opinions, psychological support, and nutritional guidance for cancer patients.
• Diners ClubcoreChannel Partner/ Reseller/ DistributorBanco Pichincha distributes Diners Club credit cards in Peru, offering cardholders access to over 20,000 affiliated establishments, international acceptance at 70+ million locations, and GlobalNet ATM network. Diners Club invented the credit card concept.
• KasNetcoreChannel Partner/ Reseller/ DistributorKasNet is a correspondent agent network enabling Banco Pichincha customers to make cash deposits and withdrawals at thousands of partner locations across Peru, extending the bank's physical reach beyond its own branch network.
• Western UnioncoreChannel Partner/ Reseller/ DistributorWestern Union partnership enables international remittance services (send and receive) through Banco Pichincha's branch and agent network, leveraging Western Union's global money transfer infrastructure.
• GlobalNetcoreTechnology or IntegrationGlobalNet is the ATM network operated by Credicorp (parent of BCP) that Banco Pichincha customers use for cash withdrawals, balance inquiries, and other ATM services, providing 24/7 access to banking services nationwide.
• Cash FinancierocoreTechnology or IntegrationCash Financiero is an enterprise cash management platform integrated with Banco Pichincha's corporate banking services, enabling businesses to manage interbank transfers, payroll, CTS deposits, and tax payments through a digital corporate interface.
• SUNAT (Superintendencia Nacional de Aduanas y de Administración Tributaria)minorOthersSUNAT provides the online tax payment platform through which Banco Pichincha customers with affiliated accounts can pay taxes (Impuesto a la Renta, IGV, etc.) in real time with no additional cost.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Banco de Crédito del Perú (BCP): Peru's largest commercial bank, offering retail deposits, mortgages, business banking, payments, and the Yape mobile wallet. Directly competes with Banco Pichincha across savings, lending, and digital channels, and owns the GlobalNet ATM network Banco Pichincha relies on.
• BBVA Perú: Major full-service Peruvian commercial bank with retail savings, mortgages, SME banking, and a digital app comparable to Banco Pichincha's. Competes directly in deposit gathering, personal loans, MiVivienda-style mortgage programs, and corporate cash management.
• Interbank: Peruvian commercial bank operating in retail deposits, consumer credit, mortgages, and the Plin mobile payment network. Overlaps with Banco Pichincha on savings, time deposits, payroll loans, mortgage suite, and interbank transfers.
• Scotiabank Perú: Full-service commercial bank in retail and corporate banking with a comparable mortgage and SME loan suite. Directly competes for high-yield savings balances, payroll-deduction loans, and trade finance cash management in Peru.
• Mibanco: Peru's leading microfinance bank focused on small entrepreneurs and lower-income segments, with a strong personal and small-business loan offering. Comparable to Banco Pichincha on Techo Propio-style government-backed lending, payroll loans, and unsecured personal credit in Peru.
• Banco de la Nación: Peruvian state-owned bank providing payroll, tax-collection and universal deposit services nationwide. Comparable to Banco Pichincha in retail deposits, public-sector payroll distribution, and serving as a backbone for state payments and CTS flows.
• BanBif: Mid-sized Peruvian commercial bank offering retail savings, mortgages, and SME banking with a digital focus. Competes with Banco Pichincha in retail deposits, personal loans, and MiVivienda mortgage origination across Peru's secondary cities.

Others

• Banco Pichincha (Ecuador): Parent and Ecuadorian flagship of Grupo Financiero Pichincha operating the same retail/commercial banking model across Ecuador, Colombia, Panama and other Latin American markets. Materially comparable through shared brand, governance, and product architecture, though it does not directly compete with the Peruvian subsidiary in the same territory.

Emerging players

• Falabella Perú (Banco Falabella): Retail-focused bank affiliated with the Falabella retail chain, offering savings accounts, consumer credit and insurance distribution to a primarily retail-customer base. Comparable on digital account opening, savings-led deposit gathering, and bancassurance commission streams.

Regional players

• Caja Municipal de Ahorro y Crédito (e.g., Caja Piura): Municipal savings institutions competing for retail deposits, microcredit, and MiVivienda-style mortgage origination in Peru's regional markets. Comparable to Banco Pichincha's provincial branch strategy (Piura, Chiclayo, Trujillo) and its focus on government-subsidized mortgage programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BancoPichinchaPeru

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banco Pichincha Perú