Bankers Trust Corp. will buy half of the insurance company Interseguro, a unit of Grupo Interbank, the fourth-largest Peruvian bank.

A Bankers Trust spokeswoman said the purchase will be made through Bankers Trust's Chilean insurance company, Consorcio Nacional de Seguros, in which the U.S. bank holds a 50% stake.

Bankers Trust has also applied to Peruvian regulators to buy a minority stake in Grupo Carsa, majority owner of consumer credit bank Banco Orion.

This year Bankers Trust announced a program for expanding into life insurance and annuities across Latin America.

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