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 Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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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Lima, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, October 12th, 2023 -- 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 3Q23's earnings release on October 19th. This period will end on the date of the release, November 3rd. 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 “3Q23 quiet period”

Credicorp Ltd. (NYSE:BAP ) Q2 2023 Earnings Call Transcript August 11, 2023 10:30 AM ET Company Participants Milagros Ciguenas - Investor Relations Officer Gianfranco Ferrari - Chief Executive Officer Cesar Rios - Chief Financial Officer Reynaldo Llosa - Chief Risk Officer Francesca Raffo - Chief Innovation Officer Cesar Rivera - Head of Insurance and Pensions Conference Call Participants Ernesto Gabilondo - Bank of America Juan Recalde - Scotiabank Yuri Fernandes - JP Morgan Geoffrey Elliott - Autonomous Tito Labarta - Goldman Sachs Carlos Gomez - HSBC Sergey Dubin - Harding Loevner Andres Soto - Santander Operator Good morning, and welcome to the Credicorp Second Quarter 2023 Conference Call.

Credicorp Ltd. (BAP) Q2 2023 Earnings Call Transcript

Credicorp (BAP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Credicorp (BAP) This Earnings Season?

Having successfully climbed a wall of worry this year, Credicorp's management outlined a bullish mid-term outlook at its investor day. In addition to the strong core business fundamentals, digital initiatives like Yape are also set to contribute to the P&L. Owning Credicorp into a normalizing rate environment has its risks, but long-term investors willing to brave out the transition period could still come out ahead.

Credicorp: Still Cheaply Priced Relative To Its Fundamentals

Lima, July 27, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, July 27th, 2023 – Credicorp Ltd. announces to its shareholders and the market that its 2Q23 Earnings Release Report will be released on Thursday August 10th, 2023, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 2Q23

Lima, July 19, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, July 19th, 2023 -- 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 2Q23's earnings release on July 26th. This period will end on the date of the release, August 10th. During the quiet period, the Company will not disclose any financial, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “2Q23 quiet period”

Investors need to pay close attention to Credicorp (BAP) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Credicorp (BAP) Stock?

Is Credicorp (BAP) a great pick from the value investor's perspective right now? Read on to know more.

Is Credicorp (BAP) a Great Stock for Value Investors?

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Credicorp Ltd. (BAP) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.

After Golden Cross, Credicorp (BAP)'s Technical Outlook is Bright

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Here is how Credicorp (BAP) and JPMorgan Chase & Co. (JPM) have performed compared to their sector so far this year.

Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?

Peru's economy was hit by a variety of unfortunate developments over the past five years. These obstacles have all cleared up now, and Peru is set for a rapidly improving economic and political outlook.

Credicorp: Strong Buy Thanks To Peru's Improving Macroeconomic And Political Picture

Credicorp Ltd (NYSE:BAP ) Q1 2023 Earnings Conference Call May 8, 2023 10:30 AM ET Company Participants Milagros Ciguenas - Investor Relations Officer Gianfranco Ferrari - Chief Executive Officer Cesar Rios - Chief Financial Officer Reynaldo Llosa - Chief Risk Officer Conference Call Participants Ernesto Gabilondo - Bank of America Rene Perez - Scotiabank Olavo Arthuzo - UBS Geoffrey Elliott - Autonomous Nicholas Walker - Goldman Sachs Tejkiran Magesh - WhiteOak Capital Alonso Aramburu - BTG Andres Soto - Santander Operator Good morning, everyone. I would like to welcome all of you to the Credicorp Limited First Quarter 2023 Conference Call.

Credicorp Ltd (BAP) Q1 2023 Earnings Call Transcript

Lima, May 05, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, May 5th, 2023 -- Credicorp Ltd. announces to its shareholders and the market that the Board of Directors of Credicorp Ltd. (the ‘Company) has unanimously agreed to pay the dividend announced on April 28th, 2023 in US Dollars using the weighted exchange rate registered by the Peruvian Superintendency of Banks, Insurance and Pension Funds (Superintendencia de Banca, Seguros y AFP) for the transactions at the close of business on June 6, 2023, instead of June 7, 2023, as originally announced. All other terms and conditions of the dividend distribution remain unchanged.

Credicorp Ltd.: Announces Change to Date for Determining USD Exchange Rate of S/ 25.0000 per Share Dividend

Lima, April 28, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 28, 2023 -- Credicorp Ltd. announces to its shareholders and the market the decisions made by the Board of Directors in the session held on April 27th, 2023.

Credicorp Ltd.: Credicorp Announces New Board Committees Composition and Declaration of Dividends

Lima, April 26, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 25th, 2023 – Credicorp Ltd. announces to its shareholders and the market that its 1Q23 Earnings Release Report will be released on Friday May 5th, 2023, after market close.

Credcorp Ltd.: Credicorp's Earnings Release and Conference Call 1Q23

Lima, April 17, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 17th, 2023 -- 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 1Q23's earnings release on April 24th. This period will end on the date of the release, May 5th. During the quiet period, the Company will not disclose any financial, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “1Q23 quiet period”

Lima, April 12, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, April 12, 2023 -- Credicorp (NYSE: BAP), today announced that it will host a hybrid Investor Day on Tuesday, June 20, 2023, in New York City.

Credicorp Ltd.: Credicorp to host hybrid Investor Day on June 20 in New York

Lima, March 28, 2023 (GLOBE NEWSWIRE) -- Credicorp announces the appointment of Nuria Aliño Pérez and Pedro Rubio Feijóo to the Company's Board of Directors. Credicorp's shareholders provided strong support for each of the Company's proposals at the Company's 2023 Annual General Shareholders Meeting on March 27th, including the appointment of the new Board of Directors, which will hold office for the period 2023-2026. The new board members Nuria Aliño Pérez and Pedro Rubio Feijóo succeed Fernando Fort and Irzio Pinasco, both of whom decided to retire. Credicorp is deeply grateful for the time and energy Fernando Fort and Irzio Pinasco have dedicated to Credicorp through invaluable professional and personal contributions.

Credicorp Ltd.: Credicorp Announces Appointment of Two New Directors, Further Diversifying the Majority Independent Board

Lima, March 20, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, March 20 th , 202 3 – Credicorp Ltd. announces to its shareholders and the market the amendment related to the press release published on December 16th, 2022, regarding our schedule for the issuing of 2023 Quarterly Earnings Releases.

Credicorp Ltd.: Credicorp amends the date for its First Quarter 2023 Earnings Release

Credicorp (BAP) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why Credicorp (BAP) Looks Ripe for Bottom Fishing

Lima, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, February 27th, 2023– Credicorp Ltd. today announced that its Board of Directors is proposing two new candidates as directors for its 2023 Annual General Shareholders Meeting scheduled for Monday, March 27, 2023, at 3 p.m. (Peru time), at the main offices of Banco de Credito del Peru, to be held online. The new candidates are Nuria Aliño Perez and Pedro Rubio Feijoo and if approved, will join the Board effective March 27th to succeed Fernando Fort and Irzio Pinasco, who have announced their intention to retire from the Board. All other current Board members will be proposed for re-election.

Credicorp Ltd.: Credicorp Announces Candidates for Board of Directors at the 2023 Annual General Shareholders Meeting

Credicorp's fourth quarter results were better than expected at the pre-provision line, but higher provisioning drove a miss for net income. Management is taking a more conservative stance on credit, noting some signs of weakness in real estate and tourism.

Credicorp Executing Well, But Macro Risk Remains High

Credicorp Ltd (NYSE:BAP ) Q4 2022 Earnings Conference Call February 10, 2023 9:30 AM ET Company Participants Milagros Cigüeñas - Head of IR Gianfranco Ferrari - CEO Cesar Rivera - CFO Reynaldo Llosa - Chief Risk Officer Conference Call Participants Daer Labarta - Goldman Sachs Geoffrey Elliott - Autonomous Yuri Fernandes - JPMorgan Juan Recalde - Scotiabank Andres Soto - Santander Tejkiran Kannaluri Magesh - White Oak Capital Carlos Gomez - HSBC Operator Good morning, everyone. I would like to welcome you all to the Credicorp Limited Fourth Quarter 2022 Conference Call.

News for Credicorp Stock (BAP)