Banco de Crédito del Perú is the largest bank and the largest supplier of integrated financial services in Peru with approximately US$39 billion in total assets and a market share of 30.4% in total loans and 33.5% in total deposits.
Operations
BCP has more than 133 years of presence in the country and represents Peru's most valuable brand. Its network of more than 8,340 points of contact serves its more than 6 million clients. BCP is the main subsidiary of Credicorp (NYSE: BAP), the largest financial holding in Peru.
BCP's Wholesale Banking competes with local and foreign banks and provides its customers with short and medium-term loans in local and foreign currencies, foreign trade-related financing, lease financing, underwriting and financial advisory. Its currently the market leader with a market share of more than 40% in corporate loans.
BCP's Retail Banking serves individuals and small-sized companies with a wide range of high value-proposition products with a market share of over 20%. In addition, BCP is the largest capital market and brokerage distribution system in Peru; its main activities include asset management, foreign exchange transactions, treasury, custody and trust, investment advisory services, and research activities.
History
Banco de Crédito del Perú (BCP), was founded by a group of Italian-Peruvian businessmen on April 9, 1889, and called during its first 52 years "Banco Italiano" ("Italian Bank"), adopting a credit policy based on the principles that would guide institutional behavior in the future.