Peruvian financial holding company Credicorp reported a 75.9 pct year-on-year rise in its net profit for the third quarter of 2007 to a total $90.3 mln (61.7 mln euro), the company said on November 9, 2007.
The net profit rose by 3.3 pct compared to the net profit seen in the second quarter of 2007.
The accumulated net profit for January to September 2007 totalled $256.7 mln (175.5 mln), up 54 pct year-on-year.
Credicorp holds a 97.3 pct stake in Peruvian bank Banco de Credito (BCP). The holding Credicorp includes Banco de Credito de Peru, Atlantic Security Holding Corporation and Pacifico Peruano Suiza, listed on the stock exchange in Lima and New York.
BCP continues to be the main contributor of Credicorp's net profit with $88.2 mln (60.3 mln euro). BCP's net profit totalled $238.7 mln (163.2 mln euro) in the nine months to September 2007.
(Note: Unless otherwise stated, all figures/comparisons are for Q3 2007/Q2 2006.)
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: November 12, 2007
Showing posts with label Financial markets. Show all posts
Showing posts with label Financial markets. Show all posts
10/3/07
Deutsche Bank To Start Business in Peru Q1 2008
German banking group Deutsche Bank plans to start operations in Peru in the first quarter of 2008, once it obtains a permission from the country's banking sector regulator SBS, the president of Deutsche Bank Chile, Jose Miguel Alcalde, said.
The bank applied for the permission in August 2007, motivated by the financial stability in the country.
The activity of the bank in Peru will be strongly supported by the offices in Chile and New York. The president of the Peruvian unit will be Jose Miguel Alcalde.
Initially the Peruvian model will be very similar to the activity of the bank in Chile, with similar money supply, presence on the interest rate markets, and corporate finances covering companies and institutional investors on the domestic and international markets.
Peru will be the 76th country where Deutsche Bank will operate. The Andean country has been registering one of the highest economic growths in Latin America for the last ten years.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: October 3, 2007
The bank applied for the permission in August 2007, motivated by the financial stability in the country.
The activity of the bank in Peru will be strongly supported by the offices in Chile and New York. The president of the Peruvian unit will be Jose Miguel Alcalde.
Initially the Peruvian model will be very similar to the activity of the bank in Chile, with similar money supply, presence on the interest rate markets, and corporate finances covering companies and institutional investors on the domestic and international markets.
Peru will be the 76th country where Deutsche Bank will operate. The Andean country has been registering one of the highest economic growths in Latin America for the last ten years.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: October 3, 2007
Subscribe to:
Posts (Atom)
