BCP CEO Interview

BCP CEO Interview


by Lucien ChauvinNet income at Credicorp, Peru’s largest financial holding company, jumped 56% in the second quarter compared to 2008, to $115 million, fueled by good results at all subsidiaries. Credicorp owns Banco de Crédito (BCP), Atlantic Security, Pacifíco, Prima AFP and BCP Bolivia. In Peru, BCP has 32.15% of loans and 35.37% of deposits in the system, according to the Banking, Insurance and Pension Fund Superintendency, and is the only bank with at least one branch in all of Peru’s 25 departments. BCP CEO Walter Bayly talks to LatinFinance. What are the drivers of 2009 profit?In the second quarter of 2008 we had some translation losses, which are reflected in an i

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