Lima, Peru  |  Saturday 21 November 2009 04:52  |  |  | 


Economy | 6 October, 2009 [ 22:44 ]

Peru's BCP buys more stock of Edyficar


LivinginPeru.com
Isabel Guerra

Banco de Crédito (BCP), the biggest bank in Peru, reached an agreement with International Financial Corporation (CFI) to purchase the 5.4% stake that the latter owns in Peruvian finance company Financiera Edyficar, for US$5.19mn,

BCP announced in September that they were to acquire a 77.2% stake in Edyficar from NGO CARE, and no they will buy an additional 8.5% stake in the finance company from US-based Microvest.

BCP will pay for with its own funds, and will take control on 91.1% of Edyficar's total stock after the transaction.

Edyficar (which has 195,000 clients) will continue to operate independently, focusing on low-income earners.

Have other topics you'd like to see in our news section? If you or someone you know would like to contribute a news article to Living in Peru, whether it's translated or based on a personal investigation, send it to editor@livinginperu.com.

 | digg it! | StumbleUpon | |

Add your comment
Name

Email

Notify me via e-mail of new comments to this entry


Code :


Comment

  • These comments are the property of their respective authors.
  • Currently we only allow english comments.
  • Por ahora solo se permiten comentarios en ingles.

 

News Sections (Archive)

  1. BREAKING NEWS! (61)
  2. Top (206)
  3. Peru (1832)
  4. Lima (684)
  5. Latin America (172)
  6. World (220)
  7. Politics (838)
  8. Elections 2006 (172)
  9. Economy (715)
  10. Business (612)
  11. Sports (571)
  12. Law and Order (786)
  13. Health (323)
  14. Travel and Tourism (442)
  15. Art/Culture/History (275)
  16. Education (113)
  17. Environment/Nature (198)
  18. TV/Entertainment (344)
  19. Tech / Internet (93)
  20. Press Releases (142)
  21. Dossiers (2)
  22. Opinion (13)
  23. Kids (29)
  24. Photo of the day (286)
  25. Advice (47)
  26. Announcements (52)
  27. Mining/Energy (344)
  28. Agriculture (55)
  29. Transportation (242)
  30. Natural Disasters (131)
  31. Communications (41)
  32. APEC PERU 2008 (225)
  33. EU-LAC Peru 2008 (70)
  34. Science (11)
  35. Fashion (7)
  36. Food (78)
  37. Celebrities (23)

Last 5 news articles

Last comments

See all comments

News web syndication [RSS]
what is "web syndication" ?