CMP: $100

Credicorp Limited is a holding company for Banco de Credito del Peru, El Pacifico-Peruano Suiza Insurance Company and Atlantic Security Holding Corporation, among others. Credicorp provides a full range of financial services including commercial banking, corporate finance, brokerage services, asset management, trust and insurance.

Credicorp Limited is a $7.81 B mid-cap stock. Its currently trading at a fair P/E of little over 12. Revenues have been steady and has marginally grown from $2.38 B to $2.44 B over the last 2 years. Profits have risen heavily from $369 M to $603 M over the last 2 years aided by NPM rise. NPM has risen from 15% to 24% in the last 2 years which is a significant rise. Its a good buy for long term.