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Best Bank - Peru

Nov 1, 2010

In the April-June period, Banco de Crédito Del Peru (BCP) achieved some of its best quarterly results to date, supported by a strong reactivation of the Peruvian economy.

Things are expected to get even better for the bank, as it is positioning for further expansion in the local financial system.

"The system as a whole will double in the next four to five years and BCP is gearing up for this," says Walter Bayly, general manager of BCP. "We are expecting to see a lot of growth in the retail space, as only 50% of those people that live in cities and earn over a minimum wage have a banking relationship," he tells LatinFinance.

Bayly adds that BCP is focused on micro-financing and financing for low-income customers, which Bayly expects...

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