Banco de Credito del Peru, the Andean country’s biggest lender, will probably spend about $150 million to purchase a brokerage in Chile, El Comercio reported, citing comments by Chief Executive Officer Walter Bayly.
The lender expects to complete the acquisition in the first half of this year, Bayly said in an interview, according to the Lima-based newspaper.
Maria Pia Dyer, a Lima-based spokeswoman for Banco de Credito del Peru (CREDITC1), confirmed what El Comercio wrote is correct and declined to give further details.
To contact the reporter on this story: John Quigley in Lima at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com