In line with Credicorp's regional growth strategy, BCP announced Thursday that its Miami operation has begun activities as a bank branch, marking a milestone in the bank's history and consolidating its international presence in one of the world's leading financial markets.
With this new license, in addition to continuing to serve clients linked to BCP and Credicorp in Peru, Chile, Colombia, Bolivia, among other countries, the bank will now also be able to serve companies incorporated in the United States.
"We aim to add around 100 new corporate clients by 2027 and establish ourselves as a leading bank for companies operating in the United States and in the countries where Credicorp has a presence," BCP Miami CEO Mark Talbot said.
After receiving authorization from the U.S. Federal Reserve (FED) and the Florida Office of Financial Regulation (OFR), BCP Miami Agency—located in Coral Gables, Florida—became a branch last July, a status that grants it greater capabilities to conduct business in the U.S. market.
The entity will now be able to offer financial services to subsidiaries, holding companies, investment vehicles, and other enterprises linked to its clients' business groups in the United States.
Talbot noted that "more and more companies are doing business between the United States and Latin America."
The new branch will continue offering corporate accounts in U.S. dollars and euros, domestic and international transfers, payment solutions, digital banking, treasury products, and corporate financing—services that will now also be available to companies incorporated in the United States, in accordance with the bank's regulatory and compliance standards.
(END) NDP/MDV/MVB