Even After A Little Rally, Credicorp Could Have More Headroom
Stephen Simpson, CFA • Yesterday, 2:54 PM
- Credicorp has better than one-third share in a country that is seriously under-banked.
- Cost control is a tradeoff between maintaining an accessible branch network and maximizing near-term profits.
- Credicorp has a balanced loan book and the acquisition of Mibanco will significantly expand its micro-lending presence.