Bank of the Year Peru

Bank of the Year Peru

Corporate & Sovereign Strategy Bonds

At the end of the first half of 2015, the Peruvian arm of Scotiabank had managed to increase profits year-on-year by 24% to 1.072 billion soles ($333 million). Moreover, by August 20, it had grown its total net loans by 22% and customers deposits by 18%. A strategic mindset led the institution to shorten the gap separating it from its main competitors, Banco de Crédito del Perú, Interbank and BBVA.The Peruvian unit’s strategy reflects its Canadian parent company’s main guidelines, chief executive Miguel Uccelli tells LatinFinance. “We have focused on three objectives: becoming more client-centered while attracting profitable primary customers, [achieving] operational efficiency, and boosting

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