August 7, 2017 / 10:12 PM / 2 years ago

Peru's Credicorp posts 5.3 pct rise in net profit in 2nd qtr

LIMA, Aug 7 (Reuters) - Peruvian financial holding company Credicorp on Monday reported 920.2 million soles ($283.75 million) in its second-quarter net profit, up 5.3 percent from the same period a year earlier.

The result was slightly higher than the $272 million estimate forecast by analysts, according to Thomson Reuters I/B/E/S. Credicorp, which controls Peru’s biggest bank Banco de Credito and a private pension fund, said the quarter was marked by low demand for credit and strong competition. ($1 = 3.243 Peruvian soles) (Reporting By Teresa Cespedes, Writing By Mitra Taj)

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