shares of the holding company of the Interbank Group, IFH Peru Ltd.

Incorporated in the Bahamas two years ago the company coordinates the administration and policies of its eight subsidiaries, which include a Peruvian commercial bank and a Bahamian-based offshore bank.

A Peru-based consumer finance company, insurance company, investment bank, mutual fund management company, security brokerage house, real estate company and credit collection company are also on the books.

The class B shares will fall under the restricted marketing provisions.

IFH Peru's main assets are Peru's second largest bank Interbank -- which promotes the development of commercial and productive activities in the country -- and Bahamian-based offshore bank Interbank Overseas Limited.

Interbank Overseas Limited focuses mainly on private banking and is engaged in a variety of banking, financial and investing activities.

Most of its activities are in Peru, with investments also made throughout Latin America.

After the listing on the BSX, the company plans to apply for a further listing of the class B common shares on the Lima Stock Exchange.

Bank of N.T. Butterfield subsidiary Butterfield Securities Limited sponsored the listing.