BBVA Banco Continental, Peru's second largest bank, is beginning to catch up with its fiercest rival, Banco de Crédito del Perú. Although locally-owned BCP is the country's largest bank, Continental has become the most profitable major bank in Peru. This, and its steady growth and rising efficiency make it LatinFinance's best bank in Peru for 2003.
In the second quarter of 2003, Continental posted pre-tax profits of $20.4 million,...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.