September 1, 2009
by Lucien ChauvinNet income at Credicorp, Perus 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 Perus 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
Banco de Crédito, Peru’s biggest bank, is forecasting strong growth next year, in line with the country’s GDP expansion path. It plans to raise funds in Chile.