Peru’s Credicorp says 4th-qtr profit soars

LIMA, Feb 4 (BestGrowthStock) – 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.

Stock Market Today

(Reporting by Dana Ford)

Peru’s Credicorp says 4th-qtr profit soars