Peru bank chairman departs as assets shrink

Peru bank chairman departs as assets shrink

People Regulation Peru

Jorge Chávez, chairman of Peru's state-owned lender Banco de la Nación, has quit following reports that the country's banking regulator had issued warnings about steep losses in the bank's portfolio investments. Banco de la Nación announced Chávez's resignation in a securities filing. He had served as chairman since December 2020. He departed in the wake of a report in Gestión newspaper centered on a statement from the banking regulator warning the lender about the risks posed by a drop in its e

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