Banco de Credito del Peru (BCP) is a Peru-based banking institution. The Bank’s products and services include saving accounts, commercial and consumer loans, mortgages, debit and credit cards, financial intermediation, portfolio management, insurance policies and other banking operations to individuals, businesses and institutions. It operates a network of 343 branches located nationwide and two other branches established abroad. As of December 31, 2011, the Bank owned such fully consolidated subsidiaries as Solucion Empresa Administradora Hipotecaria SA, Credibolsa Sociedad Agente de Bolsa SA, Solucion Financiera de Credito del Peru SA and Inmobiliaria BCP SA, and Credicorp Ltd was its majority shareholder with 98.1% of its interest. On April 27, 2012, the Bank completed the acquisition of a 51% stake in Correval SA Sociedad Comisionista de Bolsa. On July 31, 2012, the Bank completed the acquistion of a 60.6% stake in Inversiones IM Trust SA.