WASHINGTON The Federal Reserve Board on Thursday approved the application of the Lima-based Banco de Credito del Peru to open an agency office in Miami.
Banco de Credito, the oldest and largest banking company in Peru, has $6.4 billion of assets and 220 branches and offices. According to a press release issued by the Fed, the purpose of the Miami office will be to provide trade-related and other corporate banking services to the banks existing international customers, and to offer private banking services to individuals and corporations.
Approximately 90% of Banco de Creditos stock is owned by Credicorp Ltd., a Bermuda-based holding company. The remainder of the stock is traded on the Lima stock exchange.