BBVA eyes growth in Peru

|By:, SA News Editor

BBVA sees a big growth opportunity in Peru, where banking penetration reaches just 30% of the population despite a financial system that's grown along with the economy. Mobile banking has the potential to greatly increase this number (75% of population has a cell phone) and the E-Money Act passed last year should help as a catalyst.

A Peruvian bank traded in the states is Credicorp (BAP).