Peru’s economy quite immune to international crisis, says Deutsche Bank chairman

Peru’s financial system and economy are quite "immune" to the international crisis facing many countries nowadays, stressed today the chairman of Deutsche Bank, Josef Ackermann, after meeting with Peruvian president Alan García at the Government Palace.

"The effects (of the crisis) that might eventually affect Peru’s economy are quite minor," compared with the impact on other nations, he added.

After meeting with the Peruvian leader, Ackermann said he feels optimistic about Deutsche Bank starting operations in our country, and expressed the bank’s will to become a very important bank in the Peruvian market.

On June 16, 2008, the Superintendency of Banking and Insurance (SBS) authorized Deutsche Bank (Peru) SA to start operations in Peru.

"We want to be a very strong bank in everything that has to do with interest rates or bonds, we want to advise companies, have presence in the business of mergers, acquisitions and financial restructuring," the Deutsche Bank chairman said.

Deutsch Bank is a leading global investment bank that was established on January 22, 1870.

It is a pioneer in investment banking, commercial banking, private banking and asset management in the global market.

News source: ANDINA