Best M&A house
JPMorgan
The largest and best bank in Peru is Banco de Crédito del Perú. With $5.3 billion in assets and $65 million in profits in 2002 – more than twice its closest competitor – it’s the bank everybody wants to deal with. Its ratios have suffered a little of late due to the costs of digesting Banco Santander Central Hispano-Perú, which it bought in December, but ultimately the acquisition will only strengthen its dominant position.
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