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.
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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