Bank of the Year, Peru: Banco de Crédito del Perú

Nov 1, 2013

BCP is growing its retail businesses and expanding consumer lending

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 system.

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 line with...

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