Awards for excellence – Peru

Best bank:

Banco de Crédito del Perú

Best debt house:

Citigroup/Salomon Smith Barney

Banco de Crédito del Perú, the flagship bank of Credicorp, undoubtedly has the strongest franchise in the country. Its one million customers have given it more than $6 billion in assets, $493 million of equity, 24% of total loans, and 30% of total deposits. It is also rated number one in customer service. But its 4% return on equity, its 11.9% past-due-loan ratio, and its reliance on the sluggish Peruvian economy hardly make the company a poster child for Andean banking.