Credicorp: Stay Upbeat On Peru's Premier Financial Group

Christian VincesPeruvian banks might operate in one of the smaller Latin American credit markets, but they more than compensate with superior profitability. The key reason being the outsized market concentration, led by Credicorp (NYSE:BAP) and its two banking subsidiaries, Banco de Crédito del Perú (or ‘BCP’) and Mibanco. Importantly for investors, Credicorp has translated this leadership into one of the best returns on equity profiles in LatAm - one that has sustained through the country’s volatile po ...