Santander Able to Buy in Peru

Pacific Credit Rating has maintained its A financial strength rating for Banco Santander Peru, citing the bank’s sound expense and investment policy, risk management, strength and experience at the parent company and its potential to grow through acquisitions. “The bank has not announced any concrete plans to make acquisitions, but it is able to buy smaller banks this year,” says analyst Eduardo Lora. It could buy banks that cater to individuals, to diversify away from corporate banking, where Lora says it has been focused.