Big bank watch. (Trade Talk).DEAR SHAREHOLDER...
* Banco de Credito del Peru
The net income of Peru's No. 1 bank surged, thanks to exchange rate gains and reduced loan provisions in the second quarter of 2002. Its U.S. operation moved to Miami from New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and plans to begin securities trading securities trading, financial activity involving transactions of property such as stocks, bonds, commodities, and currency (see securities). Although the trading of stocks and bonds dates back several centuries in many Western nations, the development of the for Latin Lat·in
a. The Indo-European language of the ancient Latins and Romans and the most important cultural language of western Europe until the end of the 17th century.
b. American Businesses.
* Banco Itau
The Brazilian bank posted sharply reduced net income in dollar terms due to a 22% second-quarter drop in the real and accounting for goodwill from the purchase of Banco do Estado de Goias. The bank bought Banco Sudameris Brasil for US$925 million.
* Banco de Chile The Banco de Chile (Chile Bank), is the second biggest banking group of Chile, behind the Banco Santander Santiago followed by the BBVA Chile. Founded the 28 of October of 1893 by the fusion of the banks of Valparaiso (1855), National of Chile (1865) and Agriculturist (1869).
The Chilean bank's net income continues to plummet as it struggles through the first six months of its merger with Banco Edwards. It has incurred 89% of the budgeted merger expenses. Loan volume growth remains sluggish.