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Banco de Credito Acquires 77.1% of Edyficar

09/11/09 08:07

Peru's largest bank the Banco de Credito had announced that they had reached a deal to acquire a 77.1 percent stake at Financiera Edyficar, the country's second largest micro finance group for nearly $80 million.

According to the bank's chief executive, Walter Bayly, the said deal was just part of the $96 million offer for the whole of Edyficar, which is controlled by CARE, a nongovernmental organization.

Read more on the link below.

News: Peru's biggest bank to acquire microfinance group

News Digest Blog
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