| Business Summary | | Banco
Wiese
Sudameris
is
the
second
largest
commercial
bank
in
Peru
in
terms
of
assets
and
deposits
with
$4.3
billion
in
assets
and
$2.9
billion
in
deposits
as
of
December
31,
1999.
Also,
at
December
31,
1999,
the
Bank
had
a
market
share
of
approximately
21.1%
of
commercial
deposits
in
Peru,
and
approximately
18.6%
of
total
loans
made
by
banks
operating
in
Peru.
In
addition,
at
December
31,
1999,
the
Bank
operated
the
third
largest
branch
network
among
commercial
banks,
with
105
branches
in
the
Lima
area
and
30
branches
and
offices
located
in
other
major
Peruvian
cities.
Through
this
network,
the
Bank
operates
in
markets
representing
over
97%
of
the
national
banking
services
(measured
in
terms
of
deposits).
The
Bank
also
provides
international
banking
services
to
its
domestic
and
international
clients.
Banco
Wiese
Sudameris
conducts
its
operations
through
its
Business
Area
Division
and
its
Capital
Markets
Division. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Banco
Wiese
Sudameris
is
a
commercial
bank
in
Peru.
The
Company
operates
branch
networks
in
the
Lima
area
and
other
major
Peruvian
cities.
For
the
nine
months
ended
9/30/00,
interest
income
rose
15%
to
PEN1.28
billion.
Net
interest
income
after
LLP
rose
96%
to
PEN467.6
million.
Net
income
totaled
PEN28.6
million
vs.
a
loss
of
PEN44.1
million.
Results
reflect
a
higher
interest
income,
a
lower
loan
loss
provision,
and
a
decreased
provisions
for
adjudicated
property. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Engenio Bertini Vinci | Gen.
Mang., CEO | Jean Francois Patarin Jamin | Deputy
Gen. Mang. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|