November 1, 2010
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 to be the fastest growing retail sector. "We are dedicated to growing the pie, not just getting a bigger share of the existi
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.