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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Lima, April 15, 2021 (GLOBE NEWSWIRE) -- Lima, PERU, April 15, 2021 -- 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 1Q21's earnings release on April 22. This period will end on the date of the release, May 06. 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 "1Q21 quiet period"

LIMA, Peru--(BUSINESS WIRE)--According to the World Bank Group's 'World Economic Outlook: Latin America and the Caribbean' report, the region's economy contracted by 6.9% in 2020, as companies and households took a risk-averse position and measures to control the spread of COVID-19. Despite the difficult economic and health outlook generated by the pandemic, projections for 2021 are optimistic. The World Bank Group indicated that, in a positive scenario, economic activity in Latin America will

Investors: Latin America is the Market to Watch in 2021

Lima, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Credicorp (NYSE: BAP) announces to its shareholders and the market that the Board of Directors, in its session held on February 25th, 2021 decided to postpone the decision on dividend payment for the financial year 2020.The Board came to this determination after a thorough assessment indicated that uncertainty still prevails, particularly with regard to the evolution of the pandemic. Although the economic indicators in our operating countries have shown clear signs of recovery since the second semester of 2020, the Board believes that the path upwarddepends greatly on the speed of immunization roll out, and on the easing of the lockdown measures.Once the outlook is clearer, the Board will decide whether a dividend payment is in order, based on the company´s solvency, liquidity and prospects for growth. Credicorp's capital ratios remain adequate and above our internal minimum, and as we continue to rebuildour profitability, we expect to further strengthen our capital base.

Credicorp's Board of Directors postpones decision on dividend payment

Credicorp had a weak fourth quarter on a core pre-provision basis, with excess liquidity, weak loan demand, and IT investments, pressuring results, but provision expense was substantially lower than expected. Credicorp is still seeing accelerating non-performing loan formation, but the reserves look adequate, deferred loans are regaining paying status, and Peru's economy should rebound in '21.

Amidst Ongoing Turmoil, Credicorp Still Offers Attractive Upside

Canadian Imperial Bank of Commerce

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

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

Credicorp Ltd (BAP) CEO Walter Bayly on Q4 2020 Results - Earnings Call Transcript

Lima, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Lima, PERU, January 26, 2020 – Credicorp Ltd. announces to its shareholders and the market that its 4Q20 Earnings Release Report will be released on Monday February 08, 2021 after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 4Q20

Shinhan Financial Group

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

Lima, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Lima, PERU, January 15, 2021 -- 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 4Q20's earnings release on January 25. This period will end on the date of the release, February 08. 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 "4Q20 quiet period"

SHG or BAP: Which Is the Better Value Stock Right Now?

Carnival

ConocoPhillips

Equity Residential

Host Hotels & Resorts

Las Vegas Sands

AT&T

United Continental Hlds

There's a difference between shopping for bargains and blindly bottom-fishing. These are stocks to sell, not bottom fish.

8 Stocks to Sell in January

Toronto-Dominion Bank

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

TD or BAP: Which Is the Better Value Stock Right Now?

Lima, Dec. 18, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, December 18th, 2020 – On December 17th 2020, the Board of Directors of Credicorp approved an initiative to broaden the scope of the Corporate Governance Committee and to change its name to “Sustainability Committee”. The Board also appointed Leslie Pierce as new member of the renamed Committee.

Credicorp Ltd.: Credicorp appoints Sustainability Committee

Banco Santander

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

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

Lima, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, November 24th, 2020 – Credicorp Ltd. announces to its shareholders and the market the schedule defined for the issuing of 2021 Quarterly Earnings Releases. This schedule is published in Credicorp's website: www.credicorpnet.com under section Financials / Conference Calls, Upcoming Events. Any change to this schedule will be communicated through a new Press Release. 

Credicorp Ltd: Credicorp's 2021 Quarterly Earnings Releases 

Credicorp Ltd (BAP) CEO Walter Bayly on Q3 2020 Results - Earnings Call Transcript

Credicorp Ltd.'s (BAP) CEO Walter Bayly on Q3 2020 Results - Earnings Call Transcript

Lima, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, October 23, 2020 – Credicorp Ltd. announces to its shareholders and the market that its 3Q20 Earnings Release Report will be released on Thursday November 5, 2020 after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 3Q20

Lima, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, October 19th, 2020 – Following shareholder approval on June 5th, 2020 to increase the size of Credicorp´s Board from 8 to 9 members, Credicorp announced on August 27th, Leslie Pierce's candidacy to fill the 9th position. On October 16th, in the Special General Meeting of Shareholders, Leslie Pierce was elected to serve as the 9th member of Credicorp´s Board of Directors for the period 2020-2023.

Credicorp Ltd.: Leslie Pierce Elected Additional Director of Credicorp

Lima, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Lima, PERU, October 15, 2020 -- 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 3Q20’s earnings release on October 22. This period will end on the date of the release, November 05. 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 “3Q20 quiet period”

Lima, Sept.  25, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, September 25, 2020 -- Credicorp (NYSE: BAP) invites institutional investors and sell-side analysts to participate in its virtual Investor Day, commemorating Credicorp’s 25th Anniversary of its listing in the New York Stock Exchange. Presentations and a Q&A session will take place on October 1, 2020.

Credicorp Ltd.: Credicorp Day, October 1, 2020: 25th Anniversary of listing in the NYSE

Peru has been among the most aggressive in Latin America in pursuing financial stimulus, but the impact of COVID-19 has still been more severe on Peru than other Andean economies.

Credicorp Taking Prudent Action, But COVID-19 Is Hitting Peru Hard

Lima, Aug.  27, 2020  (GLOBE NEWSWIRE) -- Lima, August 27th, 2020 – Credicorp Ltd. announced today its proposal for Leslie Pierce to stand for election at a Special General Meeting of Shareholders. Mr. Pierce’s candidacy is the result of a director search process following shareholder approval at the 2020 Annual Meeting [held on June 5th] to expand Credicorp Board of Directors from 8 to 9 members. The director search process, announced on June 26th, was led by the Board’s Compensation and Nominations Committee and welcomed shareholder input.

Credicorp Ltd.: Credicorp Announces Leslie Pierce’s Director Candidacy

Lima, Aug.  13, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, August 13th, 2020 -- Credicorp (NYSE: BAP) invites institutional investors and sell-side analysts to participate in its virtual Investor Day, commemorating Credicorp’s 25thAnniversary of its listing in the New York Stock Exchange. The event will take place on October 1s, 2020.

Credicorp Ltd.: Credicorp Day: 25th Anniversary of listing in the NYSE

Credicorp Ltd (BAP) CEO Walter Bayly on Q2 2020 Results - Earnings Call Transcript

News for Credicorp Stock (BAP)