Peru’s economic expansion is slowing. Yet Walter
Bayly, chief executive of Banco de Crédito del
Perú, reckons that the country’s banks will
grow at around twice the speed of GDP. This is a fall from the
multiples of between 2.5 and four times in previous years. Yet
banking prospects are still strong as new consumers enter the
Bank of the Year, Peru: Banco de Crédito del Perú
BCP is growing its retail businesses and expanding consumer lending
BCP, like its peers, has competed to capture that growth and
now has a market share of around 30% across its products.
It is Bank of the Year Peru for that dominance, for
diversifying and expanding lending, and for improving capital
and liquidity over the period under consideration. And although
profitability slipped and bad loans increased, these were in
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