Best Bank Peru: Quality Counts

Best Bank Peru: Quality Counts


Continental still trails BCP in terms of assets ­ $10.8 billion to $17.0 billion as of July, according to Peru's banks superintendent ­ but has maintained superior ratios during the crisis. ROE rose to 38.3% in May from 36.2% at year-end 2008, and ROA increased to 2.6% from 2.5%, according to the banks. BCP saw ROE of 31.6%, down from 37.6% at year-end 2008, and ROA of 2.4 %, versus 2.7%, they add.Continental's smaller presence compared to BCP may have served to keep it out of some riskier retail business. The two both claim 1.2% in past due loans of May, according to Continental. This, along with a more efficient network has helped maintain profitability. Operating expenses were jus

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