Scotiabank Peru holds a ratings advantage over its rivals because its local-currency long-term rating was raised to A minus from BBB+ rather than cut.

Fitch affirms Scotiabank Peru's A- long-term foreign-currency rating with a stable outlook.

Scotiabank Peru's growth trajectory could change through the personal and commercial banking operations of Citibank in Peru that it was authorized to acquire in May 2015.

Scotiabank Peru raised its ATM network from 600 to 864 and its correspondent agents to 5,866.

Scotiabank Peru captures value through a wide deposit and loan franchise, with capital intensity visible in US$15,747 million in assets against US$1,790 million in equity at March 2015, alongside holdings of 14.6% of deposits and 14.7% of direct loans.

The bank serves over 1.3 million clients spanning retail, corporate, business, institutional, and investment banking. At March 2015 it maintained 212 branches, 145 in Lima and Callao and 67 in the provinces.

Scotiabank Peru's digital channel model combines remote account opening without visiting a branch, no-cost digital transactions completed in the app without a physical card, and instant payments and collections using a QR code or a cellphone number.

Through its app and web, customers can carry out the same operations they would otherwise handle in a branch.