Credicorp Ltd. (USA) (NYSE:BAP)

CAPS Rating: 4 out of 5

The Company, through its banking and non-banking subsidiaries, provides a range of financial services and products throughout Peru and in selected international markets.

Recs

2
Player Avatar captfluffy (78.19) Submitted: 4/22/2009 3:46:33 PM : Outperform Start Price: $46.50 BAP Score: +82.27

I was in Peru April 09 and the economy appears to be solid. The political situation is stable. Talking to the locals they are not in fear of the global downturn.

In 2007 Peru GDP grew 9%. In 2008 the growth was 9.8%. in 2009 they are projected to grow 3%, which is much better than some industrialized countries around the world.

This bank is huge in Peru, specially Lima which holds 45% of the country's population. The bank will benefit from the Peruvian government's increased spending and stable structure.

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