# Banking leadership changes in Peru and Costa Rica

> Live situation record from CLSTR: https://clstr.news/situations/banking-leadership-changes-in-peru-and-costa-rica
> Updated: 2026-07-31T17:59:57.000Z. Sources: 2. Developments: 2.

In mid‑July 2026, Peru’s newly licensed commercial bank Efectibank announced the appointment of former Alicorp CEO Álvaro Correa as chairman of its board, alongside other new directors, as the institution expanded its product range and set a two‑million‑client target by 2028.

Later that month, the focus broadened to the wider region. Costa Rica named former deputy Jorge Eduardo Sánchez as interim director of the state‑owned Banco de Costa Rica, while Peru appointed economist Luis Alberto Arias Minaya to head the advisory cabinet of the Ministry of Economy and Finance, reflecting parallel moves to refresh leadership in key financial and economic bodies.

Together, the appointments illustrate a regional trend of reshuffling senior positions in banking and economic policy institutions across Peru and Costa Rica.

## Timeline

### 2026-07-31: Costa Rica and Peru name new leaders in banking and economic advisory

Costa Rica appoints former deputy Jorge Eduardo Sánchez as interim director of Banco de Costa Rica, while Peru names economist Luis Arias Minaya head of its Ministry of Economy's advisory cabinet.

2 sources. https://clstr.news/cluster/costa-rica-and-peru-name-new-leaders-in-banking-and-economic-advisory

### 2026-07-14: Efectibank appoints former Alicorp CEO Álvaro Correa as board chairman

Efectibank named former Alicorp CEO Álvaro Correa as board chairman, succeeding Manuel Emilio Tudela, as the bank expands its services after gaining full banking licence in Peru.

6 sources. https://clstr.news/cluster/efectibank-appoints-former-alicorp-ceo-lvaro-correa-as-board-chairman

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Cite as: Banking leadership changes in Peru and Costa Rica. CLSTR, https://clstr.news/situations/banking-leadership-changes-in-peru-and-costa-rica