Credicorp Q3 net income increases 31%, preparing for period of sustained growth

Peru's largest financial services group Credicorp (NYSE: BAP) reported third quarter net income of US$122mn, up 5.6% on the second quarter and rising 31.4% year-on-year, the group said in its latest e...

Brazil
CEF boosts Q3 profits 20.4%
Brazilian federal bank Caixa Econômica Federal (CEF) boosted third quarter net profits 20.4% to 870m... more
Colombia
Santander could go shopping to beef up presence
The Colombian banking unit of Spain's Santander (NYSE: STD) could buy local financial institutions t... more
Brazil
Bradesco aims to grant US$3.49bn in home loans next year
Brazil's second largest private sector bank Bradesco (NYSE: BBD) aims to issue at least 6bn reais (U... more
Mexico
Banamex to open 125 branches in 2010, increases SME lending 46%
Mexico's Banamex, controlled by Citigroup (NYSE: C), plans to open 125 new branches in 2010, after o... more
Peru
Banco Nación to launch micro/small business credit line for capital goods imports
Peru's state bank Banco de la Nación (BN) will in the next few days launch a new credit line to help... more
Brazil
Government could inject US$58.3bn into BNDES - report
Brazil's government is planning to inject further money into national development bank BNDES to secu... more
Colombia
IN BRIEF Banks invest US$125mn in new security measures over past few years
Colombian banks have invested a combined US$125mn to improve security for customers over the last fe... more
Argentina
IN BRIEF Citi continues branch expansion
The Argentine banking unit of Citi (NYSE: C) is continuing its branch expansion with the opening of ... more
Peru
Scotiabank unit to accelerate growth in retail business in 2010
The Peruvian banking unit of Canada's Scotiabank (NYSE: BNS) plans to accelerate growth in the retai... more
Brazil
Expect economic plan provisioning to drop in coming quarters - Bradesco
After provisioning away 387mn reais (US$224mn) in the third quarter for lawsuits resulting from econ... more
Argentina
Macro ups Q3 net income 17% on strong financial, operating income
Argentina's Banco Macro (NYSE: BMA) increased third quarter net income by 17% to 191mn pesos (US$50.... more
Mexico
Citi-Banamex case now in hands of supreme court
The Mexican senate has brought before the country's supreme court the controversy over the legality ... more
Argentina, Peru
Banco Nación, Banco de Córdoba look to cooperate
Peruvian state bank Banco Nación and Argentine province bank Banco de Córdoba are planning to sign a... more

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In Depth Interviews

Scotiabank goes for more

Carlos González-Taboada
CEO
Scotiabank Perú

Scotiabank has been an active player in the Peruvian banking system in the past few years. In 2006, through a combination of transactions, the Canadia ...more