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LIMA, Nov 6 (Reuters) - Peru’s biggest financial holding company, Credicorp Ltd , said on Thursday its net income rose to 645.4 million soles ($220 million) in the third quarter, largely in line with market expectations.
The average estimate of three analysts was $216 million, according to Thomson Reuters I/B/E/S.
The company’s result represented a 28.8 percent rise over the same quarter in 2013, and a 10.4 percent increase from the second quarter of this year.
The company said its total loans rose 21.4 percent in the third quarter year-on-year.
Credicorp controls Peru’s biggest bank, Banco de Credito CRE.LM, and also owns a pension fund.
The company previously reported its earnings in dollars and adopted the local sol as its operational currency earlier this year. ($1 = 2.93 soles) (Reporting by Teresa Cespedes. Editing by Andre Grenon)