Peru’s Largest Lender, Credicorp, Braces for Soaring Non-Performing Loans as Riots and Bad Weather Hit Economy
Peru’s largest lender, Credicorp Ltdis bracing for non-performing loans to skyrocket, a sign that the country’s recession initially sparked by the Riots and bad weather are spreading to the broader economy. “Peru’s economic performance is significantly weaker than expected,” the company said in a statement alongside quarterly results, pointing to bad weather caused by El … Read more