Source: Andina.
Original article available online.
LIMA, September 29 – Peru’s Banco de Credito said Tuesday it had an agreement to purchase another 8.5% of microfinance company, Financiera Edyficar, for 8.2 million dollars.
Earlier this year, the bank had bought 77.2% of the shares of the microfinance company.
Banco de Credito said it plans to launch a public offer for the remaining outstanding shares, in line with government regulations, according to Dow Jones Newswires reported.
Edyficar, considered the ninth-largest microfinance company in Latin America, had a loan portfolio worth about $210 million in July.
Banco de Credito, the largest bank in Peru, is about 97% owned by financial holding company Credicorp.
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