BCP Denies M&A Talks

Banco de Credito del Peru is not engaged in talks to sell itself to another bank, Carlos Munoz, COO tells LatinFinance. “There’s a lot circling around out there, but nothing going on,” says Munoz, adding the bank has no interest in selling itself. Rumors have circled for months that a large foreign entity has been courting BCP. Santander in particular has been identified as the number one suitor, say executives away from the bank. But BCP is held by Credicorp, which is controlled by the Romero family. Without their approval, the bank cannot be sold, say bankers familiar with the institution.