Financial Services

THE COMPANY: Edegel is the largest power-generation company in Peru. The company supplies the national grid and has a total installed capacity of 1470 MW, of which 548 MW is hydroelectric capacity and 922 MW is thermoelectric capacity. Edegel is controlled by the Spanish electricity company Endesa, which...

THE COMPANY: Buenaventura is South America’s largest producer of precious metals with almost 60 years of experience. Its majority shareholder is the Peruvian Benavides family, which owns 25% of the company. Some 75% of Buenaventura’s revenues are derived from the production of gold and silver. In 2011...

THE COMPANY: Cementos Pacasmayo is a cement company based in Peru. The firm has more than 54 years of operating history producing, distributing and selling cement and cement-related materials, such as concrete blocks and ready-mix concrete in the northern region of the country. Its products are primarily...

In 2008 Peru, like most other economies at that time, suffered an abrupt slowdown. GDP growth dropped from 9.8% in 2008 to 0.8% in 2009, according to World Bank data. The banking sector, which had been on the rise since 2003, was also affected as credit growth sputtered. However, as banks in the US and Europe faced buyouts and nationalisation, Peru’...

Regional integration is a theme of growing importance for Peru and its Pacific coast neighbours. As Brazil seeks to solidify its position as the South American superpower, the continent’s smaller economies have found that the best way to compete is by working together. This is particularly true in the case of Chile, Colombia and Peru. In May 2011...