Best ADRs to pick up – Part II

When an investor is looking for long-term invest opportunities, he/she may have to look beyond the usual popular stocks. In this post, I will discuss two stocks from Peru and Colombia that have great runs in the past.

1. CreditCorp Ltd. – Peru – BAP

Photo: Machu Picchu, Peru

This holding company provides financial services in Peru.The corporate website says:
“It primarily operates via its four principal subsidiaries:

* Banco de Credito del Peru (BCP)
* Atlantic Security Holding Corporation (ASHC)
* El Pacífico-Peruano Suiza Compañía de Seguros y Reaseguros (PPS)
* Grupo Credito

Credicorp is engaged principally in commercial banking (including trade finance, corporate finance and leasing services), insurance (including commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance) and investment banking (including brokerage services, asset management, trust, custody and securitization services, trading and investment). BCP is the Company’s primary subsidiary; as of the period ended December 31, 2005, it contributed 97.0% of Credicorp’s total revenues. ”

As of December 31, 2006, (BAP) operated 339 branches. Credicorp was founded in 1889 and is headquartered in Lima, Peru.

Investment Factoid:
A $10,000 invested in this on Jan 2, 2003 would have to grown to $78,676 today.That is a return on investment of 686%.

On Feb 7th, the company announced that the net income for 4th qtr, wentup by 49% to $94M.

2. BanColombia SA – Colombia (CIB)

BanColombia is the largest bank in Colombia and one of the largest in Latin America. The company was founded in 1875 with headquarters in Medellin, Colombia. Yahoo finance says: “As of December 31, 2006, Bancolombia operated 701 branch offices and 1,330 ATMs operating in 162 cities in Colombia. The company was founded in 1945 under the name Banco Industrial Colombiano S.A.”

CIB has increased dividends for the past years and has a yield of 2.79%

Motley fool wrote about CIB this week. The article “The World’s Best Dividend Stocks” says that in the past 5 years CIB stock went up an astounding 1,220%.

You can read that article here:

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