Industrial promotion in the difficult eighties. Crisis of the Banco Industrial del Perú, 1980-1990

Abstract

The performance of the Banco Industrial del Perú during the 1980s in a context of generalized crisis is analyzed, as well as its role in economic policy, the lending strategy used, its support to small industry and its relevance in the financial sector. During that period, the bank allocated significant amounts of capital to rescue industry from the crisis; however, the high level of default due to the deterioration of the industrial sector compromised the bank’s solvency.