Caiman Valores
Contrarian, long-term horizon, research analyst, value

Peru's Credicorp Continues To Perform Strongly And Offers Some Upside For Investors

Since I last wrote on Peru´s Credicorp (NYSE:BAP) the bank´s NYSE listed American Depositary Receipts (ADRs) have risen by 31% in value, on the back of the bank´s ongoing strong financial performance. In this article I am going to review Credicorp´s financial performance in comparison to its key peers that operate in the Andean region including Colombia´s Bancolombia (NYSE:CIB), Canada´s Scotia Bank (NYSE:BNS) and Banco Santander-Chile (NYSE:BSAC). In this analysis I will review the bank´s key risk metrics including asset quality, coverage ratios and capital adequacy along with the bank´s performance metrics to determine whether it will still continue to grow in value and deliver solid value for investors.

Company...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details