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Peru's Credicorp says 4th-qtr profit soars
February 4, 2010 / 11:37 PM / 8 years ago

Peru's Credicorp says 4th-qtr profit soars

LIMA, Feb 4 (Reuters) - Credicorp (BAP.N) (BAP.LM), Peru’s largest financial holding company, posted a fourth-quarter net profit of $122.3 million on Thursday, up from a $13.5 million profit reported a year ago.

The company, which also has operations in Bolivia, took a $43.5 million provision in its 2008 fourth-quarter results for exposure that one of its units had to Bernard Madoff, the U.S. financier imprisoned for running a $65 billion Ponzi scheme. (Reporting by Dana Ford)

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