Latin America best managed banks 2018: Peru

Banco de Crédito del Perú’s Walter Bayly is finally relinquishing his role as chief executive in April this year after a decade in charge. 

Under his leadership the bank has become the pre-eminent bank in Peru, always seemingly best-positioned to take advantage of the periods of economic expansion and pulling back in almost psychic anticipation of periods of slower credit growth and deteriorating asset quality.

That ability to navigate Peru’s (and the region’s) ups and downs as commodity cycles waxed and waned is widely credited to the bank’s corporate governance. Its risk committee continually challenges management’s assumptions contained in its business plans, and the result has been the creation of a strong focus on risk-adjusted return that has kept the bank’s growth on a steadily upward trajectory.