Banco Wiese Readies Itself for Recovery

Banco Wiese Readies Itself for Recovery

Peru

Eugenio Bertini Peru is only slowly recovering from a battering of several years of political turmoil, stalled economic restructuring, global and regional recession, a commodity price slump and the worst El Niño season for a generation. The optimism that suffused the Peruvian banking sector in September 1994, when Banco Wiese listed on the New York Stock Exchange at $19.75, is gone along with the listing itself: BWP was delisted in April 2001, at 40 cents a share. The bank that carries the Wiese name today is a far cry from the venerable local franchise that was listed seven years ago. The most impo

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