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

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Earnings data Q3 2023

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Earnings data Q1 2024

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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, July  24, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, July 24th, 2020 – Credicorp Ltd. announces to its shareholders and the market that its 2Q20 Earnings Release Report will be released on Thursday August 6th, 2020 after market close.

Credicorp Ltd.: Credicorp’s Earnings Release and Conference Call 2Q20

Lima, July  16, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, July 16th, 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 2Q20’s earnings release on July Thursday 23th. This period will end on the date of the release, August Thursday 6th. 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 “2Q20 quiet period”

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Lima, June  26, 2020  (GLOBE NEWSWIRE) -- Lima, June 26th, 2020 – Following the recent announcement of its new Board composition, and Shareholder approval of the expansion of the Board, Credicorp announces the initiation of the process to elect the ninth member of its Board.

Credicorp Ltd.: Credicorp Initiates Election Process for an Additional Director

Lima, June  11, 2020  (GLOBE NEWSWIRE) -- Credicorp Ltd. (NYSE: BAP) announced the pricing of its underwritten public offering of USD 500 million principal amount of 2.750% notes due 2025. The offering price resulted in a yield of 2.867% and an implied spread of 250bps over the reference US Treasury yield.

Credicorp priced inagural public debt offering of USD 500 million

Lima, June  10, 2020  (GLOBE NEWSWIRE) -- Following the recent election of its new Board of Directors, Credicorp Ltd. announces its new Executive Chairman and a revamping of the composition of its Board Committees.

Credicorp Announces New Executive Chairman and Board Committee Composition

Lima, May  29, 2020  (GLOBE NEWSWIRE) -- Credicorp Ltd. (NYSE: BAP) has filed its Annual Report on Form  20-F for the year ended December 31st, 2019 with the Securities and Exchange Commission. The 2019 Form 20-F includes audited consolidated financial statements of Credicorpand its subsidiaries as of December 31st, 2018 and 2019 and for the years ended December 31st, 2017, 2018 and 2019 under International Financial Reporting Standards (IFRS).

Credicorp Ltd.: Credicorp Announces Filing Form 20F 2019

Credicorp Ltd (BAP) CEO Walter Bayly on Q1 2020 Results - Earnings Call Transcript

Lima, April  24, 2020  (GLOBE NEWSWIRE) -- Lima, April  23,  2020 – Credicorp Ltd. announces that the Board of Directors, in its session held on April 23rd, 2020, has agreed to schedule the Annual General Shareholders Meeting to take place on June 5th, 2020 at 3:00 pm. In order to protect the health and safety of our employees, shareholders and other stakeholders from the COVID-19 pandemic, Credicorp will hold the meeting virtually and there will be no in-person meeting this year. Shareholders registered as of May 6th will have the right to attend and vote at the meeting. Details of virtual meeting logistics will be provided shortly along with the Annual General Shareholders Meeting Notice.

Credicorp Announces Decisions Related to the Annual General Shareholders Meeting

Lima, April  15, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, April 15th, 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 1Q20’s earnings release on April Wednesday 22nd. This period will end on the date of the release, May Thursday 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 “1Q20 quiet period”

Lima, March  23, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, March 23th, 2020 – Credicorp Ltd. announces that the Board of Directors, in its extraordinary session held on March 20th, 2020, has agreed to postpone the Annual General Meeting of Shareholders until a new date that will be duly informed to shareholders and the market, in accordance with the legislation applicable to the company.

Credicorp Postpones Annual General Meeting of Shareholders

Lima, Feb.  28, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, February 27th, 2020 – Credicorp Ltd. announces to its shareholders and the market that the Board of Directors, in its session held on February 27th, 2020, approved the distribution of dividend according to the Bye-Laws of the Company, and considering a total net income of S/ 4,265,303,602.96, attained in the financial year 2019.

Credicorp Ltd.: Credicorp’s declaration of dividends

Credicorp Ltd (BAP) CEO Walter Bayly on Q4 2019 Results - Earnings Call Transcript

Lima, Jan.  15, 2020  (GLOBE NEWSWIRE) -- Lima, PERU, January 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 4Q19’s earnings release on Wednesday January 22. This period will end on the date of the release, Wednesday February 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 “4Q19 quiet period”

Lima, Dec.  19, 2019  (GLOBE NEWSWIRE) -- Credicorp Ltd. announces changes in Board Committee Composition

Credicorp Ltd: Credicorp Ltd. announces changes in Board Committee Composition

Lima, Dec.  12, 2019  (GLOBE NEWSWIRE) -- Lima, PERU, December 12th, 2019 – Credicorp Ltd. announces to its shareholders and the market the schedule defined for the issuing of 2020 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 2020 Quarterly Earnings Releases

Lima, Dec.  02, 2019  (GLOBE NEWSWIRE) -- Lima, PERU, December 2, 2019 – Credicorp Ltd. (NYSE: BAP) announces that after obtaining the necessary regulatory approvals, it has completed, through its subsidiary Credicorp Holding Colombia S.A.S., the acquisition of 77.46% of the capital stock of Banco Compartir S.A. (“Bancompartir”) for approximately USD 76 million. Credicorp Ltd. had previously announced an agreement for this acquisition on June 28, 2019.

Credicorp Ltd.: Credicorp completes acquisition of microfinance bank Bancompartir in Colombia

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Lima, Nov.  18, 2019  (GLOBE NEWSWIRE) -- Lima, PERU, November 18th, 2019 – Credicorp (NYSE: BAP) announces that its Chairman, Dionisio Romero Paoletti, testified today as one of the witnesses in the Peruvian government’s investigation into campaign donations made to Keiko Fujimori’s 2011 presidential campaign.

Credicorp Ltd. Chairman Testifies in Government Investigation

Credicorp Ltd (BAP) CEO Walter Bayly on Q3 2019 Results - Earnings Call Transcript

Lima, Nov.  01, 2019  (GLOBE NEWSWIRE) --      Lima, PERU, November 1st, 2019 – Credicorp (NYSE: BAP) announces that, on November 1st, after obtaining the necessary regulatory approvals, it has completed through its subsidiaries Credicorp Holding Colombia S.A.S and Credicorp Capital Fiduciaria S.A., the acquisition of 100% of the capital stock of Ultraserfinco S.A. Comisionista de Bolsa (“Ultraserfinco”) for approximately US$ 41 million. Credicorp Ltd. had reached an agreement for this acquisition with the shareholders of Ultraserfinco on February 12, 2019.

Credicorp Ltd.: Credicorp completes acquisition of Ultraserfinco in Colombia

Lima, PERU, October 22nd, 2019 – Credicorp (NYSE: BAP) informs that the Board of Directors of its insurance subsidiary, Pacifico Cia de Seguros y Reaseguros, in its session held on October 22nd, 2019, accepted the resignation of Mr. Alvaro Correa, Pacifico Seguros’ Chief Executive Officer, and appointed Mr. Cesar Rivera as new Chief Executive Officer.

Credicorp Ltd.: announces the appointment of new Chief Executive Officer of Pacifico Seguros

Lima, Oct.  17, 2019  (GLOBE NEWSWIRE) -- Lima, PERU, August 17, 2019 -- 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 3Q19’s earnings release on Thursday October 24. This period will end on the date of the release, Thursday November 7. 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 “3Q19 quiet period”

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