Peru's Top Bank Buys Local Bank of America Portfolio

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010588-perus-top-bank-buys-local-bank-of-america/

Peru’s biggest bank, Banco de Credito, on Tuesday said it had agreed to buy the $400 million credit portfolio of BankBoston Peru, held by a unit of U.S-based Bank of America Corp.

The acquisition and transfer of the portfolio is expected to be completed during January, Banco de Credito said in a statement.

For this complete story, please visit Peru’s Top Bank Buys Local Bank of America Portfolio.

Peru's Top Bank Buys Local Bank of America Portfolio

Unknown Author

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