CREDICORP LTD (BAP)

Credicorp Ltd. is a financial services holding company, formed in Bermuda in 1995 and listed on the NYSE and the Lima Stock Exchange (BAP). It coordinates the policy and administration of its subsidiaries. Its principal subsidiary, Banco de Crédito del Perú (BCP), has more than 135 years of operating history. At the end of 2025, total assets were S/267.4 billion, equity attributable to Credicorp's shareholders was S/38.4 billion, and 2025 net profit attributable to shareholders was S/6,925.4 million.

The group operates through four lines of business. Universal Banking is carried out through BCP Stand-alone, BCP Bolivia and digital initiatives such as Yape Market and Joinnus, a ticketing platform. In December 2025, BCP agreed to acquire Helm Bank USA for USD 180 million, subject to regulatory approvals. Microfinance is carried out through Mibanco in Peru and Mibanco Colombia. Insurance and Pensions comprises Grupo Pacífico (Pacífico Seguros, including private medical insurance) and Prima AFP, and Credicorp now wholly owns Pacífico EPS, which manages corporate health insurance and medical services, after buying out its partner's 50% stake in 2025. Investment Management and Advisory is carried out through Credicorp Capital, which has operations in Peru, Colombia, Chile and the United States, and ASB Bank Corp. in Panama. Credicorp also runs a corporate venture capital arm, Krealo, whose ventures include Tenpo (a Chilean digital wallet that obtained a banking license in January 2026), Culqi (online payments), Tyba (digital investment platform), Wally POS, Sami Shop and Monokera (insurtech).

Credicorp focuses on Peru, Colombia, Chile, Bolivia, Panama and the United States, and makes limited investments elsewhere in the region. Insurance and Pensions primarily serves the Peruvian market, while Investment Management and Advisory operates across Latin America. The group serves small and micro entrepreneurs, internationally active and Latin American clients, and corporate and individual customers. In April 2026, the Federal Reserve approved BCP's conversion of its Miami agency into a full state-licensed branch in Coral Gables, Florida.

Credicorp is domiciled in Bermuda, with its registered address in Hamilton. Its principal subsidiary, BCP, has its management and administrative office in La Molina, Lima, Peru. Much of the group's smaller regional investment activity is conducted through Grupo Crédito S.A., a 99.99%-owned subsidiary. Credicorp holds 97.74% of BCP, 99.92% of Mibanco, 98.86% of Grupo Pacífico, and 100% of BCP Bolivia, Prima AFP, Credicorp Capital and ASHC. Its banking and insurance businesses are subject to regulators such as Peru's SBS.