Credicorp (BAP) has released an update.
Credicorp Ltd. has announced that its subsidiaries, Tenpo SpA and Credicorp Capital Holding Chile S.A., received provisional approval from the Chilean Financial Market Commission to create a new banking entity in Chile, named Tenpo Bank Chile. This marks a significant step for Credicorp’s expansion in the Chilean financial market as they move forward to secure full operational authorization. Investors will be keen to watch how this development impacts Credicorp’s strategic positioning in Latin America.
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