Banco Santander Peru SA
Banco Santander Peru SA is a wholly-owned subsidiary of Spain's Grupo Santander, operating as a commercial bank in Peru through its core entity and three specialized subsidiaries (Santander Consumer, Surgir, Neoauto), serving SMBs, entrepreneurs, corporate clients, and individual vehicle buyers with working capital financing, factoring, current accounts, and digital banking via Office Banking.
- Company typePrivate
- Founded2007
- HeadquartersLima, Peru
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Banco Santander Peru SA does
Banco Santander Peru SA (legal name Banco Santander del Perú) is a wholly-owned subsidiary of the Spanish banking group Banco Santander S.A. (Grupo Santander), authorized by the Peruvian Superintendency of Banking, Insurance and Private Pension Fund Administrators to operate as a commercial bank in Peru. Founded in 2007 and headquartered in Lima, the bank serves Peruvian business and retail customers across four primary segments — small and medium businesses, entrepreneurs, individual vehicle buyers, and corporate clients — via a segmented subsidiary structure comprising Santander Consumer (vehicle loans for individuals), Surgir (microfinance for entrepreneurs), and Neoauto (consumer vehicle financing marketplace), alongside the core Banco Santander del Perú entity.
Core products include Santander Office Banking, an internet-banking platform providing interbank transfer queries, SWIFT/CCI lookup, coordinate-key authentication, guarantee letter (carta fianza) requests, and mass payment processing for suppliers, payroll (nominas), and CTS disbursements; Cuenta Corriente current accounts for daily banking operations; Factura Negociable, a negotiable-invoice factoring product that converts accounts receivable into immediate liquidity; and Capital de Trabajo, a working-capital financing line for SMBs. Product delivery spans digital self-service (Office Banking), direct field sales via Santander Consumer and Surgir, and an online marketplace channel via Neoauto.
The business model is a multi-entity commercial banking and consumer finance franchise generating revenue primarily through traditional interest income on lending products (working capital loans, factoring, vehicle financing) and fee-based services (account maintenance, transactions, guarantee letters, mass payments). Pricing is not publicly disclosed. The Peruvian perimeter is being expanded through the announced and now completed acquisition of CrediScotia Financiera from Scotiabank Peru, which strengthens consumer finance scale subject to regulatory approvals from Peruvian authorities and the European Central Bank.
Banco Santander Peru SA firmographics
Firmographics- Name
- Banco Santander Peru SA
- Legal name
- Banco Santander del Perú
- Website
- https://santander.com.pe
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Banco Santander Peru SA is a wholly-owned subsidiary of Spain's Grupo Santander, operating as a commercial bank in Peru through its core entity and three specialized subsidiaries (Santander Consumer, Surgir, Neoauto), serving SMBs, entrepreneurs, corporate clients, and individual vehicle buyers with working capital financing, factoring, current accounts, and digital banking via Office Banking.
- Ownership category
- akta.pro rank
Banco Santander Peru SA industry classification
Industry- Product category
- Commercial Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221), Consumer Lending (522291), Sales Financing (52222)
- SIC
- State Commercial Banks (6022), Commercial Banks, Nec (6029)
- akta.pro primary industry
- Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)
- akta.pro secondary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Banco Santander Peru SA is headquartered
LocationHeadquarters
- HQ city
- Lima
- HQ country
- Peru
- HQ region
- Latin America
Offices1 record
Markets served
Banco Santander Peru SA business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Traditional banking interest income from lending products including working capital loans, vehicle financing, and factoring services.
- Fee-based Services: Banking service fees including account maintenance, transaction processing, guarantee letters, and mass payment services.
Go-to-market motion1 record
Distribution channels4 records
Banco Santander Peru SA product offering
Product offeringCore offering
Banco Santander del Perú is a commercial bank that provides Peruvian businesses with current accounts, working capital financing, negotiable invoice factoring, and carta fianza services accessible through its Office Banking internet platform. It also extends consumer credit through subsidiaries, offering vehicle loans (Santander Consumer, Neoauto) and microfinance loans to entrepreneurs (Surgir).
Product overview
Banco Santander Peru operates as a commercial banking institution within Grupo Santander, offering a unified suite of products organized around core banking services and specialized consumer finance subsidiaries. The primary digital channel is Santander Office Banking, an online platform supporting business transactions including transfers, SWIFT queries, and batch payments. The product portfolio includes deposit accounts (Cuenta Corriente) and financing solutions such as Factura Negociable (factoring) and Capital de Trabajo (working capital loans). Consumer finance operations are extended through three subsidiaries: Santander Consumer (vehicle loans), Surgir (microfinance for entrepreneurs), and Neoauto (vehicle financing marketplace), each serving distinct customer segments while operating under the Grupo Santander Peru umbrella.
Differentiator
Problem solved
Functional benefit
Brands
- Santander Consumer: Vehicle loans for individuals
- Surgir
- Neoauto
Products and services
- Santander Office Banking Internet banking platform for business customers enabling interbank transfer queries, CCI and SWIFT lookups, electronic coordinate-key delivery, carta fianza requests and renewals, and mass payments to suppliers and employees.
- Factura Negociable Negotiable invoice factoring service that converts business accounts receivable into immediate cash, providing liquidity to clients whose customers pay on credit.
- Capital de Trabajo Working capital financing product providing liquidity for businesses to cover their ongoing financial needs.
- Cuenta Corriente Business current account that enables efficient money management and daily banking operations.
- Santander Consumer vehicle loans Vehicle loan offering from the Santander Consumer subsidiary for individual consumers in Peru, distributed through a dedicated sales force and dealer partnerships.
- Surgir microfinance loans Microfinance lending offering from the Surgir subsidiary providing financial services directly to entrepreneurs in Peru.
- Neoauto vehicle financing Vehicle financing platform that connects dealers and buyers for automobile purchases, operated as part of Grupo Santander Peru.
Companies that use Banco Santander Peru SA
Customer profileSegments4 records
Ideal customer profiles3 records
Banco Santander Peru SA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Banco Santander Peru SA partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
Banco Santander Peru SA competitors and assessment
Company assessmentDirect peers
- Banco de Crédito del Perú (BCP): Peru's largest commercial bank, offering the same core mix of SMB lending, deposits, factoring, working capital, and digital business banking. Directly competes with Santander Peru for the same SMB and corporate customer base across Lima and the provinces.
- BBVA Peru: Major full-service commercial bank in Peru, part of the BBVA global group, offering current accounts, business lending, consumer finance, and digital banking channels. Comparable in scale and product breadth to Santander Peru.
- Scotiabank Peru: Top-tier Peruvian commercial bank and former parent of CrediScotia Financiera (now being acquired by Santander Peru). Competes directly across commercial, SMB, and consumer finance segments.
- Interbank Peru: Peruvian commercial bank with strong digital and consumer finance positioning, including auto lending and SMB products. Directly comparable in product mix and target segments.
- BanBif (Banco Interamericano de Finanzas): Mid-sized Peruvian commercial bank focused on SMB and corporate banking with a similar profile to Santander Peru's business banking franchise.
Emerging players
- Banco Ripley Peru: Consumer-focused Peruvian bank specializing in retail-linked credit cards and personal lending. Comparable to Santander Consumer's vehicle loan and consumer finance subsidiaries.
- Caja Municipal de Ahorro y Crédito (multiple, e.g., Caja Arequipa, Caja Huancayo): Municipal savings institutions focused on microfinance and small business lending in regional Peru. Comparable to Santander's Surgir microfinance subsidiary and adjacent to the broader SMB lending book.
Regional players
- Banco Pichincha Peru: Peruvian arm of Ecuador-based Banco Pichincha, focused on microfinance, SME lending, and consumer credit. Overlaps with Santander Peru's Surgir and SMB segments.
Broad incumbents
- Citibank Peru: Peruvian subsidiary of a global incumbent bank, focused on corporate and treasury services with selective SMB coverage. Comparable in corporate banking capabilities and global parent backing.
- Banco Santander (Spain) / Grupo Santander: Global parent and broader group; useful as a comparable for the funding, governance, and digital banking playbook that shapes Banco Santander Peru's strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights5 records
Customer concentration
Banco Santander Peru SA financial estimates
Financial estimateRevenue estimate
Valuation estimate
Banco Santander Peru SA leadership team
Management profileNumber of profiles
Banco Santander Peru SA subsidiaries and ownership
Company hierarchySubsidiaries3 records
Banco Santander Peru SA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Banco Santander Peru SA M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Banco Santander Peru SA
What does Banco Santander Peru SA do?
Banco Santander del Perú is a commercial bank that provides Peruvian businesses with current accounts, working capital financing, negotiable invoice factoring, and carta fianza services accessible through its Office Banking internet platform. It also extends consumer credit through subsidiaries, offering vehicle loans (Santander Consumer, Neoauto) and microfinance loans to entrepreneurs (Surgir).
Is Banco Santander Peru SA a public or private company?
Banco Santander Peru SA is a private company. It is classified as corporate owned and is currently operating.
When was Banco Santander Peru SA founded?
Banco Santander Peru SA was founded in 2007. It employs 101 to 250 people.
Where is Banco Santander Peru SA based?
Banco Santander Peru SA is headquartered in Lima, Peru, in the Latin America region.
How does Banco Santander Peru SA make money?
Two revenue lines are on record. Interest Income is the primary driver. The others are fee-based Services.
Who are Banco Santander Peru SA's main competitors?
Direct peers on record are Banco de Crédito del Perú (BCP), BBVA Peru, Scotiabank Peru, Interbank Peru and BanBif (Banco Interamericano de Finanzas). Emerging players are Banco Ripley Peru and Caja Municipal de Ahorro y Crédito (multiple, e.g., Caja Arequipa, Caja Huancayo). Banco Pichincha Peru is listed as a regional player. Broad incumbents are Citibank Peru and Banco Santander (Spain) / Grupo Santander.
Does Banco Santander Peru SA have an API?
No public API is recorded for Banco Santander Peru SA.
What industry is Banco Santander Peru SA in?
Banco Santander Peru SA's product category is Commercial Banking. Its primary akta.pro industry code is FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines), with a secondary code of FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 522110 and its SIC code is 6022.