Credicorp Ltd.

What they do

Credicorp operates through subsidiaries including Banco de Credito del Peru (BCP), the country's largest bank, Pacifico Compania de Seguros y Reaseguros (insurance), Prima AFP (pension fund management), Credicorp Capital (investment banking and asset management), and Atlantic Security Holding Corporation. The group also owns Empresas Banmedica, a healthcare provider, and has a stake in Tenpo SpA. Its product set spans retail and commercial banking, insurance, pension administration, and capital markets services.

Revenue drivers

• Banco de Credito del Peru (BCP) — BCP and its subsidiaries generate the largest share of group revenue through net interest income and fee income from retail, SME and corporate lending, deposits and payment services in Peru.
• Pacifico Compania de Seguros y Reaseguros — The insurance subsidiary earns premiums and investment income from property and casualty, life and health insurance products, and is a significant contributor to Credicorp's earnings.
• Prima AFP — Prima AFP earns fees for managing private pension funds in Peru, with revenue tied to assets under management and contribution flows.
• Credicorp Capital and Atlantic Security — These units provide investment banking, brokerage, asset management and wealth advisory services, generating fee and trading income across the Andean region and international clients.

Recent performance

The provided filing excerpt does not include specific revenue, net income or balance-sheet figures for 2025 or prior periods. No year-over-year changes, segment results or earnings per share data are available in the source material. The excerpt consists primarily of XBRL taxonomy tags and member definitions for equity reserves and subsidiary entities, and does not contain MD&A narrative or financial statements.

Strategy

The filing excerpt does not describe Credicorp's strategic priorities, capital allocation plans or management commentary. References to a transaction involving Pacifico EPS on 2025-03-13 and a BCP-related entry on 2025-12-29 appear in the XBRL tags, but no accompanying narrative explains their purpose or terms. No statements about expansion, digital investment, cost efficiency or return targets are provided in the source material.

Risks

• Peruvian macroeconomic and political risk — As a Peru-focused financial group, Credicorp's results are sensitive to political instability, regulatory changes and economic cycles in Peru.
• Interest rate and credit risk — The banking and insurance operations are exposed to changes in interest rates, credit quality of the loan book, and provisioning requirements.
• Currency translation risk — The group reports in Peruvian soles and holds operations in multiple currencies, creating exposure to exchange-rate movements against the dollar and other regional currencies.
• Regulatory and compliance risk — Banking, insurance and pension activities are subject to extensive regulation in each jurisdiction, which can affect capital requirements, product pricing and profitability.

Outlook

The filing excerpt does not include management's forward-looking guidance, targets or expectations. No outlook commentary on revenue growth, credit costs, capital ratios or strategic milestones is provided in the source material.