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 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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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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Credicorp continues to execute well, and Peru's economy is still healthy, but loan growth is slowing and credit quality may be starting to slip.

Credicorp Looks Undervalued, But Its Market Is Slowing

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Lima, Sept.  25, 2019  (GLOBE NEWSWIRE) -- Lima, PERU, September 25, 2019 – Credicorp Ltd. announces to its shareholders and the market that the Board of Directors, in its session held on September 25, 2019, approved the distribution of a special cash dividend of PEN 755,058,536.00 for a total of 94,382,317 outstanding shares, which is equivalent to PEN 8.0000 per share, establishing as registration date on Wednesday October 23, 2019.

Credicorp Ltd.: Credicorp’s Declaration of Special Dividends

Credicorp Limited (BAP) CEO Walter Bayly on Q2 2019 Results - 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.

Credicorp (BAP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Credicorp Ltd. (BAP) Management on Q1 2019 Results - Earnings Call Transcript

News for Credicorp Stock (BAP)