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Corporación Financiera de Desarrollo S.A.

Company Detail

Description

Peru's state-owned second-tier development bank Corporación Financiera de Desarrollo S.A. (Cofide), as part of the country's financial system, performs financial intermediary operations. Its mission is to foster decentralized sustainable development for the benefit of the country's various economic agents by financing investment and development of the financial and capital markets. The state, represented by the country's state business financing fund Fonafe, is the majority partner in the venture, holding a 98% stake. Cofide was founded in 1971 and is based in Lima, Peru.

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