Peru's Credicorp reports 11.8 pct rise in Q1 net profit

Credicorp

05/05/2017 24:20

LIMA, May 4 (Reuters) - Peruvian financial holding company 
Credicorp  BAP.N   BAP.LM  reported 889.6 million soles ($271.05 
million) in first-quarter net profit on Thursday, up 11.8 
percent from the same period a year earlier. 
   That was down 0.6 percent from the prior quarter, Credicorp 
said, adding that its results were hit by a strong El Nino 
phenomenon. Storms and flooding linked to El Nino in February 
and March killed hundreds, damaged infrastructure, and prompted 
Peru's government to slash growth expectations.  
    Credicorp controls Peru's biggest bank, Banco de Credito 
 CRE.LM , a pension fund and a bank that lends to small 
businesses.  
 
($1 = 3.2820 soles) 
 
 (Reporting by Teresa Cespedes; Writing by Luc Cohen; Editing by 
Sandra Maler) 
 ((luc.cohen@thomsonreuters.com; +54 11 4318 0645; Reuters 
Messaging: luc.cohen.thomsonreuters@reuters.net)) 
 
Keywords: PERU CREDICORP/RESULTS