Chilean Norte Sur likely to expand financial operations to Peru

Chilean group Norte Sur announced Thursday that, as part of its expansion plan in the region it is interested in expanding its financial operations to Peru, focusing on emerging financial institutions.

The above-mentioned holding company is an investment society that, up to now, counts on a portfolio of projects in non-banking financial services and in real estate for 300 million dollars.

“In Peru, Norte Sur is looking forward to supporting rising financial institutions and, in this sense, we have been holding talks since we have in mind the amazing financial diversity of this country”, said the president of the conglomerate, Vicente Caruz.

Commenting on its expansion plan, he indicated that they will target the non-banking services, and other services in the countries where they will invest, since these countries have a greater financial diversity compared to Chile’s market.

Countries which we are interested in are Peru, Brazil, specifically the south of this one, and eventually Uruguay, since this country is an important neighbor of southern Brazil, besides being an interesting marketplace, reported the daily Estrategia de Chile.

News source: ANDINA