Credicorp Ltd. · Lima Peru ·(NYSE: BAP)
Company Description
View Credicorp Ltd. Locations On A US Map
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This link will open in a new window You have to give Credicorp where Credicorp is due -- in this case, Peru. Credicorp is the holding company for several financial services companies in Latin America. It owns 97% of Banco de Crédito (BCP), Peru's oldest and largest commercial bank with more than 270 branches. In addition to commercial banking, BCP provides retail and investment banking services. Credicorp also owns some 76% of El Pacífico-Peruano Suiza, which underwrites and sells insurance in Peru. Atlantic Security serves Peruvian private-banking customers in Panama. Credicorp was founded in 1995. To read the full description, subscribe now.
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Key Credicorp Ltd. Financials
| Company Type | Public - NYSE: BAP Single Location |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $1,467.5 |
| 2008 Employees | 15,969 |
Credicorp Ltd. Executives
12 executives listed for Credicorp Ltd.'s Lima, location.
| Title | Name & Bio | Contact |
| Chairman | Dionisio Romero Paoletti | Network |
| Vice Chairman | Raimundo Morales | Network |
| COO; General Manager, BCP | Walter Bayly | Network |
Competition
Competitive Landscape for Credicorp Ltd.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Credicorp Ltd. Competitors
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