Credicorp

Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services. The Microfinance segment consists of subsidiaries offering commercial banking activities and specialized financial services to support small and micro business clients. The Insurance and Pensions segment offers insurance products for property and casualty, life insurance business, and corporate health insurance and medical services. The Investment Banking and Wealth Management segment comprises of asset management, capital markets, corporate finance, and wealth management business units. The company was founded on August 17, 1995 and is headquartered in Lima, Peru.

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Earnings data Q1 2024

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Earnings data Q4 2024

Credicorp reports strong Q4 earnings, eyes digital transformation for growth

Credicorp's Q4 performance showcased robust net income growth and a focus on sustainability and inclusion amidst challenges in asset quality.
The company aims for digital transformation and higher ROE in 2023, despite concerns over expenses and macroeconomic uncertainties.
Mibanco's risk management strategies and NIM expansion plans offer opportunities for growth and efficiency improvements.
Overall, Credicorp navigates through challenges with a strategic outlook towards sustainable growth and digital innovation.

Credicorp reports robust Q1 earnings amidst economic challenges in Peru

Credicorp navigated challenges in Peru's economy to achieve strong financial performance, focusing on stakeholder value and sustainability.
Despite facing profitability challenges in certain segments, the company demonstrated resilience and strategic planning for future growth opportunities.
Maintaining asset quality and cost of risk within guidance, while exploring inorganic growth and focusing on stable businesses, positions Credicorp for long-term success.
With a cautious outlook on certain markets, the company remains optimistic about growth opportunities and the expansion of its payment network functionalities.

Credicorp reports strong Q2 earnings, faces asset quality challenges

Credicorp's Q2 performance showed resilience amidst challenges, with a focus on retail expansion and noninterest income growth. The company faces challenges from deteriorating asset quality and higher cost of risk, but sees opportunities in Yape's growth and strategic business plans.

Credicorp resilient in face of challenges, Yape's growth accelerates

Credicorp and Yape demonstrated growth amidst economic challenges, with a focus on innovation and resilience. Yape's success in user acquisition and market share expansion is a key driver of future revenue.

Credicorp reports resilient 2023 performance, eyes growth in 2024

Credicorp navigated challenges well in 2023, focusing on digital capabilities and customer loyalty. Strong performance in Universal Banking and Insurance segments. Addressing cost-to-income ratio challenges with a focus on efficiency. Positioned for growth in 2024 with opportunities in macroeconomic improvements and digital initiatives.

Credicorp reports robust Q1 performance, eyes digital innovation for growth

Credicorp maintains strong financial performance amidst economic challenges. Emphasis on innovation and digital capabilities for client relationships. Challenges include NPLs increase and rising operating expenses.

Credicorp reports solid Q2 earnings, eyes dividend distribution and growth

Credicorp's Q2 performance reflects resilience and strategic initiatives positioning for 2024 ROE guidance.
Despite challenges, the company remains confident in its hybrid business models and realigning risk capabilities.
Focus on digital advancements, customer-centric growth, and stable economic outlook in Peru support long-term ROE targets.

Credicorp reports record earnings, eyes growth through diversification and digital transformation

Credicorp's strong performance in Q3 2024 driven by record bottom line and robust ROE across business segments.
Strategic focus on diversification, cybersecurity, and digital transformation to capitalize on growth opportunities.
Challenges include managing interest rate risks, capital deployment, and maintaining asset quality amidst economic uncertainties.

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Here is how Credicorp (BAP) and Allstate (ALL) have performed compared to their sector so far this year.

Is Credicorp (BAP) Outperforming Other Finance Stocks This Year?

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BAP vs. IBN: Which Stock Is the Better Value Option?

Credicorp Ltd. (BAP) Q3 2024 Earnings Call Transcript

Lima, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, November 1st, 2024 – Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, announced today that it has reached an agreement to acquire Empresas Banmédica (“Banmedica”)'s 50% interest in the joint venture executed in December 2014 between Pacífico Compañía de Seguros y Reaseguros S.A. (“Pacifico Seguros”) and Banmedica. Closing is subject to regulatory approvals and other customary closing conditions.

Credicorp Ltd.: Credicorp Ltd.

Lima, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, October 25th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 3Q24 Earnings Release Report will be released on Thursday, November 7th, 2024, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 3Q24

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Credicorp (BAP) have what it takes?

Credicorp (BAP) is a Top Dividend Stock Right Now: Should You Buy?

Lima, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, October, Thursday 17th, 2024 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 3Q24's earnings release on October 24th. This period will end on the date of the release, November 7th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “3Q24 quiet period”

This is Why Credicorp (BAP) is a Great Dividend Stock

On track to Achieve Sustainable 18% ROE Sets More Aggressive 2026 Aspirations for Yape On track to Achieve Sustainable 18% ROE Sets More Aggressive 2026 Aspirations for Yape

Crediciorp Ltd.: Credicorp Highlights Growth Initiatives Driven by Innovation Strategy and Positive Outlook at the 2024 Strategic Update

Lima, Aug. 29, 2024 (GLOBE NEWSWIRE) -- LIMA, Peru August 29, 2024 – Credicorp Ltd. (“Credicorp” or the “Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama, announced today that its Board of Directors unanimously agreed to declare a special cash dividend of S/11.0000 per share for a total of S/1,038,205,487.00 in line with the Company´s Bye-Laws.

Credicorp Ltd.: Credicorp Announces Special Cash Dividend of S/11.0000 per Share

Q2 earnings showed a decrease in net profit but positive trends in loan portfolio growth and asset quality improvement. There is a positive outlook for Credicorp due to improving economic conditions in Peru, and Yape success. Attractive valuation and solid fundamentals make Credicorp a buy.

Credicorp: Yape Growth Is A Tailwind

Lima, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, August 13, 2024 – Credicorp Ltd. (“Credicorp” or “the Company”) (NYSE: BAP | BVL: BAP) announces to its shareholders and the market, corrections to four ratios published in its 2Q24 Earnings Materials. These amendments are attributable to miscalculations on certain accumulated performance indicators.

Credicorp Ltd.: Credicorp Corrects Certain Accumulated Ratios in 2Q24 Earnings Materials and Reaffirms 1H24 Financials and 2024 Guidance

Credicorp Ltd. (NYSE:BAP ) Q2 2024 Earnings Conference Call August 9, 2024 10:30 AM ET Company Participants Milagros Cigüeñas - Investor Relations Gianfranco Ferrari - Chief Executive Officer Alejandro Perez-Reyes - Chief Financial Officer Cesar Rios - Chief Risk Officer Francesca Raffo - Chief Innovation Officer Conference Call Participants Ernesto Gabilondo - Bank of America Renato Meloni - Autonomous Research Brian Flores - Citi Tito Labarta - Goldman Sachs Yuri Fernandes - JPMorgan Eric Ito - Bradesco BBI Andres Soto - Santander Sergey Dubi - HL Carlos Gomez - HSBC Operator Good morning, everyone.

Credicorp Ltd. (BAP) Q2 2024 Earnings Call Transcript

Credicorp (BAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Credicorp (BAP) Q2 Earnings Expected to Decline

HDFC Bank Limited

Investors with an interest in Banks - Foreign stocks have likely encountered both Credicorp (BAP) and HDFC Bank (HDB). But which of these two stocks presents investors with the better value opportunity right now?

BAP vs. HDB: Which Stock Should Value Investors Buy Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Credicorp (BAP) Stock?

Lima, July 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 2Q24 Earnings Release Report will be released on Thursday, August 8th, 2024, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 2Q24

Lima, July 18, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, July 18th, 2024 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 2Q24's earnings release on July 25th. This period will end on the date of the release, August 8th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “2Q24 quiet period”

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Are Investors Undervaluing Credicorp (BAP) Right Now?

After a turbulent 2023, Credicorp is riding the momentum this year. On both short and long-time horizons, the group is well-positioned. Relative to the growth and income on offer, the stock seems very reasonably priced.

Credicorp: Stay Upbeat On Peru's Premier Financial Group

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Is Credicorp (BAP) Stock Undervalued Right Now?

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