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  • Credicorp fattens bottom line

    2/6/18
    Peru's Credicorp posted a 20% year-on-year rise in reported net income for Q4 to 1.06bn soles (US$328mn). Positively impacting the bottom line was a 163mn-sol gain from the sale of shares in power company Enel, according to a...

  • Bradesco names new CEO

    2/5/18
    The board of Brazil's Banco Bradesco named Octavio de Lazari Junior as chief executive officer in place of Luiz Carlos Trabuco Cappi, effective March 12. Lazari, who currently heads the insurance arm Bradesco Seguros, will fulfill...

  • Brazil's rate cut cycle nearing its end

    2/5/18
    Brazil's central bank is expected to slash its benchmark Selic interest rate on Wednesday in what is likely to be the last of its long and deep rate cut cycle. Most economists see a last reduction of 25 basis points of the Selic...