Seeking Alpha

BBVA eyes growth in Peru

  • 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).
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