Credicorp Ltd(NYSE:BAP) 
Credicorp Ltd., a financial services holding company, provides various financial, insurance, and health services and products primarily in Peru and internationally. The company's Universal Banking segment offers deposits and current accounts, and various credits and financial instruments to individu...
Website: http://credicorp.gcs-web.com
Founded: 1995
Full Time Employees: 37,572
Sector: Financial Services
Industry: Banks-Regional
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2022-12-31 | 2021-12-31 | 2018-03-05 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2007-03-06 | 2006-12-31 | 2006-06-30 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-06-30 | 2004-03-31 | 2003-06-30 |
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Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-03-04 | 2024-03-08 | 2024-03-04 | 2023-02-28 | 2023-02-27 | 2023-02-09 | 2022-04-17 | 2022-03-02 | 2022-02-07 | 2021-03-02 | 2020-08-07 | 2020-06-08 | 2020-03-31 | 2020-03-02 | 2020-02-28 | 2019-02-28 | 2018-03-05 | 2018-02-28 | 2017-03-05 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2010-12-31 | 2008-11-06 | 2008-05-07 | 2008-02-08 | 2007-11-13 | 2007-02-08 | 2006-11-17 | 2006-05-12 | 2006-02-08 | 2005-12-31 | 2005-06-30 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 | 2003-03-31 | 2002-06-30 | 2002-03-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||
cash and due from banks: | |||||||||||||||||||||||||||||||||||||||||||
non-interest-bearing | 7,535,259 | 7,952,371 | 7,952,371 | 7,286,624 | 7,286,624 | 6,925,332 | 8,176,612 | 6,787,357 | 6,787,357 | 8,176,612 | 6,177,356 | 6,177,356 | 6,019,776 | 7,435,807 | 6,019,776 | 5,568,657 | |||||||||||||||||||||||||||
interest-bearing | 40,119,937 | 25,978,577 | 25,978,577 | 26,897,216 | 26,897,216 | 32,395,408 | 28,576,382 | 19,538,429 | 19,538,429 | 28,576,382 | 19,809,406 | 19,809,406 | 17,202,211 | 14,732,709 | 17,202,211 | 11,077,112 | |||||||||||||||||||||||||||
cash collateral, reverse repurchase agreements and securities borrowing | 1,033,177 | 1,410,647 | 1,410,647 | 1,101,856 | 1,101,856 | 1,766,948 | 2,394,302 | 4,424,345,000 | 4,424,345 | 4,424,345 | 2,394,302 | 4,288,524 | 4,288,524 | 4,082,942 | |||||||||||||||||||||||||||||
investments: | |||||||||||||||||||||||||||||||||||||||||||
at fair value through profit or loss | 4,715,343 | 4,982,661 | 4,982,661 | 4,199,334 | 4,199,334 | 5,928,497 | 6,467,471 | 4,185,638 | 4,185,638 | 6,467,471 | 3,850,762 | 3,850,762 | 3,512,445 | ||||||||||||||||||||||||||||||
at fair value through other comprehensive income | 34,208,187 | 32,774,078 | 29,678,061 | 29,678,061 | 34,440,091 | 42,746,061 | 25,836,140 | 25,836,140 | 42,746,061 | 24,614,050 | 24,614,050 | 23,056,954 | |||||||||||||||||||||||||||||||
pledged as collateral | 5,934,451 | 1,108,100 | |||||||||||||||||||||||||||||||||||||||||
amortized cost | 7,904,517 | 7,924,830 | 7,924,830 | 6,905,201 | 6,905,201 | 4,411,592 | 2,196,220 | 2,706,190 | 2,706,190 | 2,196,220 | 1,907,738 | 1,907,738 | 1,292,203 | ||||||||||||||||||||||||||||||
amortized cost pledged as collateral | 1,063,360 | 2,264,097 | 2,264,097 | 3,540,528 | 3,540,528 | 3,853,967 | 2,766,162 | 1,536,453 | 1,536,453 | 2,766,162 | 1,569,308 | 1,569,308 | 2,862,635 | ||||||||||||||||||||||||||||||
loans, net: | |||||||||||||||||||||||||||||||||||||||||||
loans | 145,732,273 | 144,976,051 | 144,976,051 | 140,753,972 | 120,708,515,000 | 9,288,774,000 | 8,919,841,000 | 8,287,667,000 | 7,509,085,000 | 5,932,932,000 | 5,592,231,000 | 5,146,709,000 | 5,932,932,000,000 | 5,014,254,000,000 | 4,559,045,000 | 4,601,814,000 | 4,601,814,000 | 4,401,684,000 | 4,471,996,000 | 4,471,996,000 | 4,581,397,000 | 4,639,592,000 | 4,045,408,000 | 3,869,572,000 | |||||||||||||||||||
allowance for loan losses | -7,994,977 | -8,277,916 | -8,277,916 | -9,898,760 | -5,931,772 | -5,931,772 | -9,898,760 | -5,123,962 | -5,123,962 | -4,500,498 | -4,952,392 | -4,500,498 | -4,207,133 | -3,840,337 | -2,986,854 | -415,703 | |||||||||||||||||||||||||||
financial assets designated at fair value through profit | 810,932 | ||||||||||||||||||||||||||||||||||||||||||
or loss | 932,734 | ||||||||||||||||||||||||||||||||||||||||||
reinsurance contract assets | 841,170 | 872,046 | 872,046 | ||||||||||||||||||||||||||||||||||||||||
property, furniture and equipment | 1,438,609 | 1,357,525 | 1,357,525 | 1,281,098 | 1,281,098 | 1,281,098 | 1,308,779 | 1,374,875 | 1,397,089 | 1,397,089 | 1,374,875 | 1,428,173 | 1,428,173 | 1,509,492 | 1,480,702 | 1,509,492 | 1,551,703 | 1,671,441 | 2,089,418 | 372,913 | |||||||||||||||||||||||
due from customers on banker’s acceptances | 528,184 | 412,401 | 699,678 | 699,678 | 532,404 | ||||||||||||||||||||||||||||||||||||||
intangible assets and goodwill | 3,289,157 | 3,225,499 | 3,225,499 | 2,899,429 | 2,899,429 | 2,899,429 | 2,710,080 | 2,639,297 | 2,424,404,000 | 2,424,404 | 2,424,404 | 2,639,297 | 2,552,274 | 2,552,274 | 1,978,865 | 2,055,702 | 1,978,865 | 1,960,690 | 1,900,697 | 2,025,174 | 372,625 | ||||||||||||||||||||||
right-of-use assets | 402,538 | 499,715 | 499,715 | 543,833 | 543,833 | 543,833 | 586,417 | 702,928 | 805,997 | 805,997 | 702,928 | 839,086 | 839,086 | ||||||||||||||||||||||||||||||
deferred tax assets | 1,170,866 | 1,182,195 | 1,182,195 | 1,131,565 | 1,131,565 | 1,177,359 | 1,693,655 | 805,589 | 805,589 | 1,693,655 | 520,953 | 520,953 | |||||||||||||||||||||||||||||||
other assets | 7,234,155 | 6,224,617 | 6,224,617 | 5,938,515 | 5.939 | 10,558,357 | 6,252,508 | 5,777,990 | 7,507,302,000 | 7,320,023 | 7,320,023 | 5,777,990 | 5,458,470 | 5,458,470 | 4,999,998 | 5,586,753 | 4,999,998 | 4,928,913 | 5,649,299 | 3,672,807 | 691,209 | 1,096,926,000 | 1,089,004,000 | 952,518,000 | 853,365,000 | 603,484,000 | 486,987,000 | 516,715,000 | 603,484,000,000 | 317,041,000,000 | 290,898,000 | 400,136,000 | 323,003,000 | 323,003,000 | 338,631,000 | 361,416,000 | 361,416,000 | 383,210,000 | 437,110,000 | 354,004,000 | 306,543,000 | ||
total assets | 256,088,940 | 238,840,188 | 238,840,188 | 236,753,609 | 236,753,609 | 236,753,609 | 244,821,984 | 237,406,163 | 197,821,889,000 | 197,821,889 | 197,821,889 | 237,406,163 | 187,876,691 | 187,876,691 | 170,472,283 | 177,263,201 | 170,472,283 | 156,435,222 | 155,480,217 | 134,834,372 | 28,413,180 | 20,480,080,000 | 19,945,264,000 | 18,200,508,000 | 15,781,656,000 | 13,055,016,000 | 11,858,664,000 | 11,623,571,000 | 13,055,016,000,000 | 11,049,850,000,000 | 9,360,931,000 | 9,120,588,000 | 8,543,922,000 | 8,563,114,000 | 8,293,380,000 | 8,244,227,000 | 8,223,945,000 | 8,234,131,000 | 8,577,003,000 | 7,291,358,000 | 7,399,048,000 | ||
at fair value through other comprehensive | 32,774,078 | ||||||||||||||||||||||||||||||||||||||||||
at fair value through other comprehensive pledged as collateral | 4,269,862 | ||||||||||||||||||||||||||||||||||||||||||
loans: | |||||||||||||||||||||||||||||||||||||||||||
due from customers on banker's acceptances | 412,401 | 699,678 | |||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||
deposits and obligations: | 6,390,729,000 | ||||||||||||||||||||||||||||||||||||||||||
payables from repurchase agreements and securities lending | 10,168,427 | 10,168,427 | 12,966,725 | 12,966,725 | 12,966,725 | 27,923,617 | 8,254,726,000 | 8,254,726 | 8,254,726 | 27,923,617 | 7,678,016 | 7,678,016 | 9,415,357 | ||||||||||||||||||||||||||||||
due to banks and correspondents | 12,278,681 | 12,278,681 | 8,937,411 | 8,937,411 | 8,937,411 | 5,978,257 | 9,854,630,000 | 9,854,630 | 9,854,630 | 5,978,257 | 8,841,732 | 8,841,732 | 7,996,889 | 8,448,140 | 7,996,889 | 7,493,916 | 7,762,497 | 9,217,340 | 2,244,446 | 2,955,428,000 | 2,439,363,000 | 2,333,295,000 | 1,695,923,000 | 954,978,000 | 924,499,000 | 1,387,985,000 | 954,978,000,000 | 1,303,371,000,000 | 415,966,000 | 392,511,000 | 374,206,000 | 374,206,000 | 255,077,000 | 279,660,000 | 279,660,000 | 286,857,000 | 293,475,000 | 302,846,000 | 305,384,000 | ||||
lease liabilities | 512,579 | 512,579 | 578,074 | 578,074 | 750,578 | 838,248 | 838,248 | 750,578 | 847,504 | 847,504 | |||||||||||||||||||||||||||||||||
financial liabilities at fair value through profit or loss | 641,915 | 641,915 | 191,010 | 191,010 | 561,602 | 533,146,000 | 533,146 | 533,146 | 561,602 | 493,700 | 493,700 | 168,089 | 362,310 | 168,089 | 209,520 | 47,737 | |||||||||||||||||||||||||||
insurance contract liability | 12,318,133 | 12,318,133 | |||||||||||||||||||||||||||||||||||||||||
bonds and notes issued | 14,594,785 | 14,594,785 | 17,007,194 | 17,007,194 | 17,007,194 | 16,319,407 | 15,178,148,000 | 15,178,148 | 15,178,148 | 16,319,407 | 14,946,363 | 14,946,363 | 16,242,257 | 15,457,540 | 16,242,257 | 15,939,603 | 16,287,962 | 15,104,593 | 3,001,698 | ||||||||||||||||||||||||
deferred tax liabilities | 107,517 | 107,517 | 71,823 | 71,823 | 105,529 | 94,744 | 94,744 | 105,529 | 134,204 | 134,204 | |||||||||||||||||||||||||||||||||
other liabilities | 6,993,691 | 6,993,691 | 7,290,145 | 7,290,145 | 9,250,824 | 5,487,159 | 9,984,867,000 | 9,051,875 | 9,051,875 | 5,487,159 | 5,481,288 | 5,481,288 | 5,014,112 | 5,050,136 | 5,014,112 | 4,120,066 | 4,622,098 | 3,846,955 | 841,238 | 851,884,000 | 899,350,000 | 765,947,000 | 693,131,000 | 525,937,000 | 445,090,000 | 575,801,000 | 525,937,000,000 | 303,637,000,000 | 327,438,000 | 297,554,000 | 260,997,000 | 280,189,000 | 309,084,000 | 293,915,000 | 273,633,000 | 281,172,000 | 358,431,000 | 298,658,000 | 271,845,000 | ||||
total liabilities | 205,733,123 | 205,733,123 | 207,173,900 | 207,173,900 | 207,173,900 | 211,960,516 | 174,099,078,000 | 174,099,078 | 174,099,078 | 211,960,516 | 161,130,381 | 161,130,381 | 148,218,580 | 152,997,125 | 148,218,580 | 136,318,711 | 138,752,647 | 120,208,347 | 25,482,929 | 18,689,014,000 | 18,094,584,000 | 16,526,952,000 | 14,178,629,000 | 11,658,467,000 | 10,561,747,000 | 10,462,321,000 | 11,658,467,000,000 | 9,859,410,000,000 | 8,312,434,000 | 8,055,391,000 | 7,603,218,000 | 7,622,410,000 | 7,375,220,000 | 7,352,004,000 | 7,331,722,000 | 7,378,620,000 | 7,768,604,000 | 6,489,980,000 | 6,600,559,000 | ||||
equity | 29,579,709 | ||||||||||||||||||||||||||||||||||||||||||
equity attributable to credicorp's equity holders: | |||||||||||||||||||||||||||||||||||||||||||
capital stock | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993,000 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,993 | 1,318,994 | 471,912 | 471,912,000 | ||||||||||||||||||||||||
treasury stock | -208,033 | -208,033 | -207,518 | -207,518 | -208,433 | -209,309,000 | -209,309 | -209,309 | -208,433 | -207,839 | -207,839 | -208,937 | -207,994 | -208,937 | -209,322 | -208,978 | -208,184 | -74,712 | -73,107,000 | ||||||||||||||||||||||||
capital surplus | 228,239 | 228,239 | 231,556 | 231,556 | 192,625 | 165,188,000 | 165,188 | 165,188 | 192,625 | 226,037 | 226,037 | 271,948 | 246,194 | 271,948 | 280,876 | 302,941 | 119,637 | 140,693,000 | |||||||||||||||||||||||||
reserves and others | 26,548,361 | 26,548,361 | |||||||||||||||||||||||||||||||||||||||||
retained earnings | 4,572,444 | 4,572,444 | 4,635,599 | 4,635,599 | 347,152 | 210,930,000 | 210,930 | 210,930 | 347,152 | 4,374,935 | 4,374,935 | 4,271,260 | 4,175,041 | 4,271,260 | 3,516,766 | 3,089,457 | 2,412,771 | 591,868 | 501,757,000 | ||||||||||||||||||||||||
non-controlling interest | 647,061 | 647,061 | 591,569 | 591,569 | 112,292,000 | 112,292 | 87,247,000 | 499,777 | 517,172,000 | 517,172 | 517,172 | 499,777 | 508,350 | 508,350 | 497,136 | 426,833 | 497,136 | 460,376 | 599,554 | 646,570 | 56,502 | ||||||||||||||||||||||
total equity | 33,107,065 | 33,107,065 | 29,579,709 | 29,579,709 | 25,445,647 | 23,722,811 | 23,722,811 | 25,445,647 | 26,746,310 | 26,746,310 | 22,253,703 | 24,266,076 | 22,253,703 | 20,116,511 | 16,727,570 | 14,626,025 | 2,930,251 | ||||||||||||||||||||||||||
total liabilities and net equity | 238,840,188 | 236,753,609 | 236,753,609 | 236,753,609 | 237,406,163 | 197,821,889 | 197,821,889 | 237,406,163 | 187,876,691 | 187,876,691 | |||||||||||||||||||||||||||||||||
at fair value through other comprehensive income pledged as collateral | 4,269,862 | 1,108,100 | 318,352 | 997,828 | 2,552,232 | 2,552,232 | 997,828 | 1,588,673 | 1,588,673 | 2,138,881 | |||||||||||||||||||||||||||||||||
financial assets designated at fair value through profit or loss | 810,932 | 768,801 | 768,801 | 974,664 | 823,270 | 559,321,000 | 559,321 | 559,321 | 823,270 | 620,544 | 620,544 | 537,685 | 521,186 | 537,685 | 459,099 | 350,328 | 297,100 | 179,055 | |||||||||||||||||||||||||
equity attributable to credicorp’s equity holders: | |||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 238,840,188 | 197,821,889,000 | 170,472,283 | 177,263,201 | 170,472,283 | 156,435,222 | 155,480,217 | 134,834,372 | 28,413,180 | ||||||||||||||||||||||||||||||||||
cash and due from banks: - sum | 34,183,840 | 34,183,840 | 36,752,994 | ||||||||||||||||||||||||||||||||||||||||
loans, net of unearned income | 148,626,374 | 148,626,374 | 147,597,412 | 137,659,885 | 120,708,515 | 120,708,515 | 137,659,885 | 115,609,679 | 115,609,679 | 100,477,775 | 110,759,390 | 100,477,775 | 94,768,901 | 90,328,499 | 79,509,360 | 14,375,358 | |||||||||||||||||||||||||||
provision for credit losses | -7,872,402 | -7,872,402 | |||||||||||||||||||||||||||||||||||||||||
premiums and other policies receivable | 913,124 | 913,124 | 921,103 | 937,223 | 822,669 | 822,669 | 937,223 | 838,731 | 838,731 | 656,829 | 887,273 | 656,829 | 648,017 | 578,296 | 129,136 | ||||||||||||||||||||||||||||
accounts receivable from reinsurers and coinsurers | 1,106,674 | 1,106,674 | 1,198,379 | 919,419 | 787,672,000 | 787,672 | 787,672 | 919,419 | 791,704 | 791,704 | 715,695 | 842,043 | 715,695 | 454,187 | 457,189 | 468,137 | 160,249 | ||||||||||||||||||||||||||
accounts payable to reinsurers | 420,094 | 420,094 | 338,446 | 198,473,000 | 198,473 | 198,473 | 338,446 | 216,734 | 216,734 | 235,185 | 291,693 | 235,185 | 241,847 | ||||||||||||||||||||||||||||||
technical reserves for insurance claims and premiums | 11,990,959 | 11,990,959 | 11,990,959 | 11,675,076 | 9,975,945 | 9,975,945 | 11,675,076 | 9,950,233 | 9,950,233 | 8,452,671 | |||||||||||||||||||||||||||||||||
reserves | 23,659,626 | 23,659,626 | 21,429,635 | 21,360,272,000 | 21,360,272 | 21,360,272 | 21,429,635 | 19,437,645 | 19,437,645 | 14,647,709 | 17,598,556 | 14,647,709 | 1,398,323 | 587,218,000 | |||||||||||||||||||||||||||||
other reserves | -650,116 | -650,116 | 1,865,898 | 359,565 | 359,565 | 1,865,898 | 1,088,189 | 1,088,189 | 1,455,594 | 708,453 | 1,455,594 | 1,209,731 | 762,695 | 1,023,386 | 366,721 | ||||||||||||||||||||||||||||
equity attributable to credicorp's equity holders: - sum | 28,988,140 | 28,988,140 | |||||||||||||||||||||||||||||||||||||||||
interest income and expense | |||||||||||||||||||||||||||||||||||||||||||
interest and dividend income | 15,011,282,000 | 11,850,406,000 | 3,163,609,000 | ||||||||||||||||||||||||||||||||||||||||
interest expense | -3,493,187,000 | -784,309,000 | |||||||||||||||||||||||||||||||||||||||||
net interest income | 11,518,095,000 | 9,361,980,000 | 2,379,300,000 | ||||||||||||||||||||||||||||||||||||||||
gross provision for credit losses on loan portfolio | -2,158,555,000 | -1,388,711,000 | |||||||||||||||||||||||||||||||||||||||||
recoveries of written-off loans | 347,017,000 | 346,728,000 | 47,230,000 | ||||||||||||||||||||||||||||||||||||||||
provision for credit losses on loan portfolio, net of recoveries | -1,811,538,000 | -1,341,481,000 | |||||||||||||||||||||||||||||||||||||||||
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risk-adjusted net interest income | 9,706,557,000 | 8,149,757,000 | 1,037,819,000 | ||||||||||||||||||||||||||||||||||||||||
non-financial income | |||||||||||||||||||||||||||||||||||||||||||
fee income | 3,640,319,000 | 3,493,734,000 | 760,329,000 | ||||||||||||||||||||||||||||||||||||||||
net gain on foreign exchange transactions | 1,084,151,000 | 920,797,000 | 166,983,000 | ||||||||||||||||||||||||||||||||||||||||
net gain on sales of securities | -98,993,000 | -120,633,000 | |||||||||||||||||||||||||||||||||||||||||
net gain from associates | 104,461,000 | 74,021,000 | 19,225,000 | ||||||||||||||||||||||||||||||||||||||||
net gain on derivatives held for trading | 65,187,000 | 185,271,000 | 35,430,000 | ||||||||||||||||||||||||||||||||||||||||
net gain from exchange differences | -16,158,000 | 34,698,000 | -21,240,000 | ||||||||||||||||||||||||||||||||||||||||
other non-financial income | 329,382,000 | 263,716,000 | 117,770,000 | ||||||||||||||||||||||||||||||||||||||||
total non-financial income | 5,108,349,000 | 4,926,866,000 | 957,864,000 | ||||||||||||||||||||||||||||||||||||||||
insurance underwriting result | |||||||||||||||||||||||||||||||||||||||||||
net earned premiums | 2,873,295,000 | 2,671,530,000 | 627,935,000 | ||||||||||||||||||||||||||||||||||||||||
net claims | -1,929,890,000 | -373,502,000 | |||||||||||||||||||||||||||||||||||||||||
acquisition cost | -281,807,000 | -112,507,000 | |||||||||||||||||||||||||||||||||||||||||
total insurance underwriting result | 661,598,000 | 661,598 | 141,926,000 | ||||||||||||||||||||||||||||||||||||||||
total expenses | -8,620,615,000 | -1,778,635,000 | |||||||||||||||||||||||||||||||||||||||||
salaries and employee benefits | -4,052,780,000 | -891,183,000 | |||||||||||||||||||||||||||||||||||||||||
administrative, general and tax expenses | -3,505,101,000 | -539,644,000 | |||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | -683,504,000 | -171,748,000 | |||||||||||||||||||||||||||||||||||||||||
association in participation | -40,955,000 | -6,430,000 | |||||||||||||||||||||||||||||||||||||||||
other expenses | -338,275,000 | -169,630,000 | |||||||||||||||||||||||||||||||||||||||||
profit before income tax | 6,855,889,000 | 5,332,816,000 | 358,974,000 | ||||||||||||||||||||||||||||||||||||||||
income tax | -2,110,501,000 | -2,110,501 | -145,799,000 | ||||||||||||||||||||||||||||||||||||||||
net profit | 4,745,388,000 | 4,745,388 | 3,671,829,000 | 213,175,000 | |||||||||||||||||||||||||||||||||||||||
net profit attributable to credicorp | 4,633,096,000 | 3,584,582,000 | 209,274,000 | ||||||||||||||||||||||||||||||||||||||||
as of | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||
fair value through other comprehensive income investments | 28,388,372,000 | ||||||||||||||||||||||||||||||||||||||||||
in subsidiaries and associates investments | |||||||||||||||||||||||||||||||||||||||||||
liabilities and net shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||
due to banks, correspondents and other entities | |||||||||||||||||||||||||||||||||||||||||||
net equity | 23,205,639,000 | ||||||||||||||||||||||||||||||||||||||||||
reserve | |||||||||||||||||||||||||||||||||||||||||||
unrealized results | |||||||||||||||||||||||||||||||||||||||||||
total net equity | 23,722,811,000 | ||||||||||||||||||||||||||||||||||||||||||
consolidated statements of financial position | |||||||||||||||||||||||||||||||||||||||||||
assets - | |||||||||||||||||||||||||||||||||||||||||||
cash and due from banks | 34,183,840 | 1,839,459,000 | |||||||||||||||||||||||||||||||||||||||||
cash collateral, reverse repurchase agreements | |||||||||||||||||||||||||||||||||||||||||||
and securities borrowing | 1,101,856 | ||||||||||||||||||||||||||||||||||||||||||
investments | 45,431,224 | ||||||||||||||||||||||||||||||||||||||||||
liabilities - | |||||||||||||||||||||||||||||||||||||||||||
deposits and obligations | 147,020,787 | ||||||||||||||||||||||||||||||||||||||||||
consolidated statements of income | |||||||||||||||||||||||||||||||||||||||||||
net interest, similar income and expenses | 11,518,095 | ||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses on loan | |||||||||||||||||||||||||||||||||||||||||||
portfolio, net of recoveries | -1,811,538 | ||||||||||||||||||||||||||||||||||||||||||
total other income | 5,108,349 | ||||||||||||||||||||||||||||||||||||||||||
total other incomes | -8,620,615 | ||||||||||||||||||||||||||||||||||||||||||
attributable to: | |||||||||||||||||||||||||||||||||||||||||||
shareholders of credicorp ltd. | 4,633,096 | ||||||||||||||||||||||||||||||||||||||||||
3 | |||||||||||||||||||||||||||||||||||||||||||
expected loss provision for direct loans | -8,477,308 | ||||||||||||||||||||||||||||||||||||||||||
impairment loss on goodwill | |||||||||||||||||||||||||||||||||||||||||||
legal and other capital reserves | |||||||||||||||||||||||||||||||||||||||||||
minority interest | 130,584,000 | 139,378,000 | 139,241,000 | 133,968,000 | 136,928,000 | 108,288,000 | 94,650,000 | 136,928,000,000 | 101,512,000,000 | 76,958,000 | 85,253,000 | 69,627,000 | 69,627,000 | 70,372,000 | 71,723,000 | 71,723,000 | 66,866,000 | 65,161,000 | 63,031,000 | 64,311,000 | |||||||||||||||||||||||
loan loss reserves | |||||||||||||||||||||||||||||||||||||||||||
perpetual subordinated debt | |||||||||||||||||||||||||||||||||||||||||||
subordinated debt | |||||||||||||||||||||||||||||||||||||||||||
investments in equity and subordinated debt of financial and insurance companies | |||||||||||||||||||||||||||||||||||||||||||
goodwill | |||||||||||||||||||||||||||||||||||||||||||
current year net loss | |||||||||||||||||||||||||||||||||||||||||||
deduction for subordinated debt limit | |||||||||||||||||||||||||||||||||||||||||||
deduction for tier i limit | |||||||||||||||||||||||||||||||||||||||||||
regulatory capital | |||||||||||||||||||||||||||||||||||||||||||
tier 1 | |||||||||||||||||||||||||||||||||||||||||||
tier 2 + tier 3 | |||||||||||||||||||||||||||||||||||||||||||
financial consolidated group (fcg) regulatory capital requirements | |||||||||||||||||||||||||||||||||||||||||||
insurance consolidated group (icg) capital requirements | |||||||||||||||||||||||||||||||||||||||||||
fcg capital requirements related to operations with icg | |||||||||||||||||||||||||||||||||||||||||||
icg capital requirements related to operations with fcg | |||||||||||||||||||||||||||||||||||||||||||
regulatory capital requirements | |||||||||||||||||||||||||||||||||||||||||||
regulatory capital ratio | |||||||||||||||||||||||||||||||||||||||||||
required regulatory capital ratio | |||||||||||||||||||||||||||||||||||||||||||
dividend payable | |||||||||||||||||||||||||||||||||||||||||||
due from customers on acceptances | 455,343 | 555,598,000 | 555,598 | 555,598 | 455,343 | 535,222 | 535,222 | 532,034 | 967,968 | 532,034 | 491,139 | 222,496 | 167,654 | 70,331 | 52,358,000 | 49,637,000 | 35,901,000 | 51,040,000 | 45,129,000 | 50,761,000 | 49,613,000 | 45,129,000,000 | 45,423,000,000 | 47,158,000 | 46,108,000 | 46,108,000 | 41,024,000 | 51,821,000 | 51,821,000 | 43,078,000 | 37,939,000 | 29,617,000 | 30,453,000 | ||||||||||
liabilities - sum | 142,365,502 | ||||||||||||||||||||||||||||||||||||||||||
banker’s acceptances outstanding | 455,343 | 555,598,000 | 555,598 | 555,598 | 455,343 | 535,222 | 535,222 | 532,034 | 967,968 | 532,034 | 491,139 | ||||||||||||||||||||||||||||||||
equity attributable to credicorp´s equity holders: | |||||||||||||||||||||||||||||||||||||||||||
non-interest bearing | 6,787,357,000 | 28,049,070 | 4,752,481 | 1,624,377 | 535,737,000 | 585,618,000 | 577,428,000 | 541,062,000 | 502,603,000 | 447,091,000 | 334,670,000 | 502,603,000,000 | 1,671,621,000,000 | 1,432,730,000 | 1,406,846,000 | 949,788,000 | 949,788,000 | 905,355,000 | 813,726,000 | 813,726,000 | 812,058,000 | 867,013,000 | 686,970,000 | 685,739,000 | |||||||||||||||||||
interest bearing | 19,538,429,000 | 17,378,484 | 16,936,985 | 6,958,478 | 2,624,343,000 | 2,195,174,000 | 2,754,578,000 | 1,891,059,000 | 2,258,825,000 | 2,248,202,000 | 2,818,758,000 | 2,258,825,000,000 | 5,421,807,000,000 | 5,093,637,000 | 4,983,883,000 | 5,048,861,000 | 5,048,861,000 | 5,379,947,000 | 5,076,358,000 | 5,076,358,000 | 5,540,923,000 | 5,831,799,000 | 4,827,277,000 | 4,948,560,000 | |||||||||||||||||||
total cash and due from banks | 26,325,786,000 | 3,160,080,000 | 2,780,792,000 | 3,332,006,000 | 2,432,122,000 | 2,761,428,000 | 2,695,293,000 | 3,153,427,000 | 2,761,428,000,000 | ||||||||||||||||||||||||||||||||||
fair value through profit or loss investments | 4,185,638,000 | ||||||||||||||||||||||||||||||||||||||||||
amortized cost investments | 4,242,643,000 | ||||||||||||||||||||||||||||||||||||||||||
current | 117,129,011,000 | 9,219,561,000 | 8,848,671,000 | 8,226,097,000 | 7,440,873,000 | 5,856,162,000 | 5,504,991,000 | 5,047,115,000 | 5,856,162,000,000 | 4,916,863,000,000 | 4,407,324,000 | 4,427,626,000 | 4,379,358,000 | 4,379,358,000 | 4,151,861,000 | 4,130,984,000 | 4,130,984,000 | 4,221,341,000 | 4,255,538,000 | 3,729,116,000 | 3,559,161,000 | ||||||||||||||||||||||
internal overdue loans | 3,579,504,000 | ||||||||||||||||||||||||||||||||||||||||||
less - allowance for loan losses | -5,931,772,000 | ||||||||||||||||||||||||||||||||||||||||||
premiums and other policyholder receivables | 822,669,000 | 108,444,000 | 94,406,000 | 85,495,000 | 86,779,000 | 61,279,000 | 69,835,000 | 53,043,000 | 61,279,000,000 | 57,301,000,000 | 51,948,000 | 60,665,000 | 54,502,000 | 54,502,000 | 52,026,000 | 61,212,000 | 61,212,000 | 56,890,000 | 51,512,000 | 65,141,000 | 63,020,000 | ||||||||||||||||||||||
property, plant and equipment | 2,203,086,000 | 292,498,000 | 275,206,000 | 274,935,000 | 254,820,000 | 254,322,000 | 239,705,000 | 244,976,000 | 254,322,000,000 | 248,718,000,000 | 237,681,000 | 249,083,000 | 251,288,000 | 251,288,000 | 255,290,000 | 268,498,000 | 268,498,000 | 278,002,000 | 284,572,000 | 248,184,000 | 244,050,000 | ||||||||||||||||||||||
investments in associates | 618,310,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||
total deposits and obligations | 119,563,545,000 | 12,956,438,000 | 12,929,288,000 | 11,722,242,000 | 10,322,832,000 | 8,842,485,000 | 7,974,586,000 | 7,317,432,000 | 8,842,485,000,000 | ||||||||||||||||||||||||||||||||||
bcrp instruments | 5,346,373,000 | ||||||||||||||||||||||||||||||||||||||||||
repurchase agreements with third parties | 1,935,879,000 | ||||||||||||||||||||||||||||||||||||||||||
repurchase agreements with customers | 972,474,000 | ||||||||||||||||||||||||||||||||||||||||||
reserves for property and casualty claims | 1,637,791,000 | 777,218,000 | 742,774,000 | 688,249,000 | 638,270,000 | 545,139,000 | 528,258,000 | 501,296,000 | 545,139,000,000 | ||||||||||||||||||||||||||||||||||
reserve for unearned premiums | 8,338,154,000 | 142,549,000 | 127,285,000 | 127,278,000 | 118,986,000 | 83,082,000 | 90,029,000 | 83,993,000 | 83,082,000,000 | 81,516,000,000 | 70,133,000 | 66,678,000 | 58,987,000 | 58,987,000 | 66,563,000 | 63,905,000 | 63,905,000 | 49,255,000 | 49,388,000 | 47,808,000 | 51,189,000 | ||||||||||||||||||||||
unrealized gains and losses | 359,565,000 | ||||||||||||||||||||||||||||||||||||||||||
off-balance sheet | 131,725,399,000 | ||||||||||||||||||||||||||||||||||||||||||
total performance bonds, stand-by and l/cs. | 20,426,402,000 | ||||||||||||||||||||||||||||||||||||||||||
undrawn credit lines, advised but not committed | 79,703,253,000 | ||||||||||||||||||||||||||||||||||||||||||
total derivatives (notional) and others | 31,595,744,000 | ||||||||||||||||||||||||||||||||||||||||||
assets - sum | 23,221,987 | ||||||||||||||||||||||||||||||||||||||||||
cash collateral, reverse repurchase agreements and securities borrowings | 7,480,420 | 7,480,420 | 10,919,624 | 11,026,698 | 5,543,403 | ||||||||||||||||||||||||||||||||||||||
trading securities | 4,024,737 | 4,024,737 | 4,015,019 | 2,323,096 | 2,525,970 | 115,568 | |||||||||||||||||||||||||||||||||||||
available-for-sale investments | 21,732,107 | 21,732,107 | 17,086,774 | 17,210,714 | |||||||||||||||||||||||||||||||||||||||
available-for-sale investments pledged as collateral | 2,691,784 | 2,691,784 | 1,598,893 | 1,558,207 | |||||||||||||||||||||||||||||||||||||||
held-to-maturity investments | 1,826,394 | 1,826,394 | 1,683,556 | ||||||||||||||||||||||||||||||||||||||||
held-to-maturity investments pledged as collateral | 2,586,979 | 2,586,979 | 1,898,573 | ||||||||||||||||||||||||||||||||||||||||
investments: - sum | 32,862,001 | ||||||||||||||||||||||||||||||||||||||||||
liabilities and equity - sum | 97,170,411 | ||||||||||||||||||||||||||||||||||||||||||
payables from repurchase agreements and security lending | 13,415,843 | 13,415,843 | 15,127,999 | ||||||||||||||||||||||||||||||||||||||||
technical reserves, insurance claims reserves and unearned premiums | 7,443,760 | 7,443,760 | 6,786,189 | ||||||||||||||||||||||||||||||||||||||||
equity attributable to credicorp´s equity holders | |||||||||||||||||||||||||||||||||||||||||||
available-for-sale | |||||||||||||||||||||||||||||||||||||||||||
available-for-sale pledged as collateral | |||||||||||||||||||||||||||||||||||||||||||
held-to-maturity | |||||||||||||||||||||||||||||||||||||||||||
held-to-maturity pledged as collateral | |||||||||||||||||||||||||||||||||||||||||||
held-to-maturity securities | 2,867,755 | ||||||||||||||||||||||||||||||||||||||||||
held-to-maturity securities pledge as collateral | 2,250,665 | ||||||||||||||||||||||||||||||||||||||||||
premium and other policies receivable | 643,224 | ||||||||||||||||||||||||||||||||||||||||||
accounts payables to reinsurers | 233,892 | ||||||||||||||||||||||||||||||||||||||||||
put options and reserves | 13,539,091 | 10,881,678 | |||||||||||||||||||||||||||||||||||||||||
not-interest bearing | 5,013,260 | ||||||||||||||||||||||||||||||||||||||||||
non-current assets classified as held for sale | 838,782 | ||||||||||||||||||||||||||||||||||||||||||
payables from repurchase agreements and security lendings | 14,599,750 | 8,308,470 | |||||||||||||||||||||||||||||||||||||||||
bankers’ acceptances outstanding | 222,496 | 167,654 | 70,331 | ||||||||||||||||||||||||||||||||||||||||
insurance claims reserves, technical reserves | |||||||||||||||||||||||||||||||||||||||||||
and unearned premiums | 6,361,627 | ||||||||||||||||||||||||||||||||||||||||||
liabilities directly associated with non-current assets classified as held for sale | 501,196 | ||||||||||||||||||||||||||||||||||||||||||
equity attributable to credicorp’s equity holders | |||||||||||||||||||||||||||||||||||||||||||
additional capital | 284,171 | ||||||||||||||||||||||||||||||||||||||||||
investments available-for-sale | 13,404,560 | 3,768,248 | |||||||||||||||||||||||||||||||||||||||||
investments available-for-sale pledged as collateral | 2,343,436 | ||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity | 1,131,511 | ||||||||||||||||||||||||||||||||||||||||||
investments held-to-maturity pledged as collateral | 1,536,152 | ||||||||||||||||||||||||||||||||||||||||||
accounts payable to reinsurers and coinsurers | 220,910 | 60,775 | |||||||||||||||||||||||||||||||||||||||||
financial liabilities designated at fair value through profit or loss | 397,201 | ||||||||||||||||||||||||||||||||||||||||||
insurance claims reserves, technical reserves and payables from healthcare | 5,397,059 | ||||||||||||||||||||||||||||||||||||||||||
capital and reserves attributable to credicorp’s equity holders | |||||||||||||||||||||||||||||||||||||||||||
reserves and put options | 9,129,547 | ||||||||||||||||||||||||||||||||||||||||||
seized assets | 11,336 | ||||||||||||||||||||||||||||||||||||||||||
technical reserves, insurance claims reserves and reserves for unearned premiums | 1,196,323 | ||||||||||||||||||||||||||||||||||||||||||
capital and reserves attributable to credicorp’s equity holders: | |||||||||||||||||||||||||||||||||||||||||||
marketable securities | 55,240,000 | 41,538,000 | 102,316,000 | 49,465,000 | 44,534,000 | 70,534,000 | 57,009,000 | 44,534,000,000 | 60,927,000,000 | 32,307,000 | 82,513,000 | 53,947,000 | 53,947,000 | 100,991,000 | 115,721,000 | 115,721,000 | 68,081,000 | 74,981,000 | 498,453,000 | 94,753,000 | |||||||||||||||||||||||
past due | 69,213,000 | 71,169,000 | 61,570,000 | 68,212,000 | 76,770,000 | 87,240,000 | 99,594,000 | 76,770,000,000 | 97,392,000,000 | 151,721,000 | 160,371,000 | 222,456,000 | 222,456,000 | 249,823,000 | 341,012,000 | 341,012,000 | 360,056,000 | 384,054,000 | 316,292,000 | 310,411,000 | |||||||||||||||||||||||
less - reserve for possible loan losses | -218,888,000 | -220,617,000 | -213,383,000 | -204,204,000 | -190,278,000 | -198,530,000 | -190,278,000,000 | -197,494,000,000 | -245,209,000 | -253,408,000 | -293,263,000 | -274,071,000 | -313,606,000 | -367,538,000 | -387,820,000 | -407,117,000 | -430,712,000 | -314,076,000 | -310,787,000 | ||||||||||||||||||||||||
investments securities available for sale | 6,514,536,000 | 6,802,999,000 | 5,226,912,000 | 4,657,859,000 | 3,507,005,000 | 2,803,636,000 | 2,556,547,000 | 3,507,005,000,000 | |||||||||||||||||||||||||||||||||||
reinsurance assets | 130,113,000 | 112,457,000 | 116,141,000 | 91,325,000 | 35,181,000 | 37,880,000 | 44,061,000 | 35,181,000,000 | 35,288,000,000 | 31,123,000 | 35,453,000 | 33,904,000 | 33,904,000 | 49,519,000 | 47,142,000 | 47,142,000 | 33,846,000 | 27,838,000 | 35,012,000 | 39,279,000 | |||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||
acceptances outstanding | 52,358,000 | 49,637,000 | 35,901,000 | 51,040,000 | 45,129,000 | 50,761,000 | 49,613,000 | 45,129,000,000 | 45,423,000,000 | 47,158,000 | 46,108,000 | 46,108,000 | 41,024,000 | 51,821,000 | 51,821,000 | 43,078,000 | 37,939,000 | 29,617,000 | 30,453,000 | ||||||||||||||||||||||||
reinsurance payable | 21,410,000 | 24,444,000 | 21,914,000 | 30,247,000 | 25,134,000 | 33,502,000 | 15,616,000 | 25,134,000,000 | 36,580,000,000 | 9,547,000 | 13,983,000 | 13,983,000 | 22,811,000 | 43,737,000 | 43,737,000 | 23,815,000 | 18,761,000 | 25,585,000 | 30,564,000 | ||||||||||||||||||||||||
bonds and subordinated debt | 801,145,000 | 743,065,000 | 692,885,000 | 494,234,000 | 499,656,000 | 406,734,000 | 435,934,000 | 499,656,000,000 | 429,365,000,000 | 421,831,000 | 424,227,000 | 429,916,000 | 429,916,000 | 367,914,000 | 367,914,000 | ||||||||||||||||||||||||||||
unrealized gains | 162,593,000 | ||||||||||||||||||||||||||||||||||||||||||
net shareholder's equity | 1,791,066,000 | 1,850,680,000 | 1,673,556,000 | 1,603,026,000 | |||||||||||||||||||||||||||||||||||||||
total liafbilities and net shareholder's equity | 20,480,080,000 | ||||||||||||||||||||||||||||||||||||||||||
contingent credits | 7,452,138,000 | 6,066,208,000 | 5,035,068,000 | 4,702,435,000 | 3,499,585,000 | 3,567,370,000 | 3,290,702,000 | 3,499,585,000,000 | 2,962,498,000,000 | 1,896,442,000 | 2,017,731,000 | 1,850,037,000 | 1,850,037,000 | 1,761,503,000 | 1,373,995,000 | 1,373,995,000 | 1,497,043,000 | 1,508,022,000 | 1,282,967,000 | 1,310,519,000 | |||||||||||||||||||||||
total liabilities and net shareholder's equity | 19,945,264,000 | 18,200,508,000 | 15,781,656,000 | ||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||
net shareholder’s equity | 1,396,549,000 | 1,296,917,000 | 1,161,250,000 | 1,396,549,000,000 | |||||||||||||||||||||||||||||||||||||||
total liabilities and net shareholder’s equity | 13,055,016,000 | 11,858,664,000 | 11,623,571,000 | 13,055,016,000,000 | |||||||||||||||||||||||||||||||||||||||
assets under management | 6,873,974,000 | 6,873,974,000,000 | |||||||||||||||||||||||||||||||||||||||||
bcp | 1,291,155,000 | 1,291,155,000,000 | |||||||||||||||||||||||||||||||||||||||||
ashc | 1,375,490,000 | 1,375,490,000,000 | |||||||||||||||||||||||||||||||||||||||||
prima afp | 4,207,329,000 | 4,207,329,000,000 | |||||||||||||||||||||||||||||||||||||||||
liabilities and shareholder’s equity | |||||||||||||||||||||||||||||||||||||||||||
cash and non interest bearing deposits in banks | 363,213,000,000 | 338,349,000 | 264,218,000 | 277,658,000 | 277,658,000 | 255,941,000 | 251,491,000 | 251,491,000 | 251,643,000 | 243,401,000 | 239,724,000 | 251,670,000 | |||||||||||||||||||||||||||||||
interest bearing deposits in banks | 2,297,602,000,000 | 1,423,978,000 | 1,575,241,000 | 1,550,338,000 | 1,550,338,000 | 1,298,914,000 | 1,488,942,000 | 1,488,942,000 | 1,616,400,000 | 1,901,274,000 | 1,469,750,000 | 1,768,854,000 | |||||||||||||||||||||||||||||||
loans net | 4,816,761,000,000 | 4,313,836,000 | 4,334,589,000 | 4,308,551,000 | 4,327,743,000 | 4,088,078,000 | 4,104,458,000 | 4,084,176,000 | 4,174,280,000 | 4,208,880,000 | 3,731,332,000 | 3,558,785,000 | |||||||||||||||||||||||||||||||
investment securities available for sale | 2,807,577,000,000 | 2,593,653,000 | 2,118,690,000 | 1,644,623,000 | 1,644,623,000 | 1,812,966,000 | 1,493,526,000 | 1,493,526,000 | 1,328,701,000 | 1,309,496,000 | 620,141,000 | 1,041,641,000 | |||||||||||||||||||||||||||||||
reserve for property and casualty claims | 464,578,000,000 | 417,036,000 | 398,439,000 | 350,745,000 | 350,745,000 | 324,987,000 | 289,245,000 | 289,245,000 | 274,596,000 | 246,637,000 | 208,188,000 | 212,514,000 | |||||||||||||||||||||||||||||||
net shareholders' equity | 1,190,440,000,000 | 1,048,497,000 | 1,065,197,000 | 940,704,000 | 940,704,000 | 918,160,000 | 892,223,000 | 892,223,000 | 855,511,000 | 808,399,000 | 801,378,000 | 798,489,000 | |||||||||||||||||||||||||||||||
total liabilities and net shareholders' equity | 11,049,850,000,000 | 9,360,931,000 | 9,120,588,000 | 8,543,922,000 | 8,563,114,000 | 8,293,380,000 | 8,244,227,000 | 8,223,945,000 | 8,234,131,000 | 8,577,003,000 | 7,291,358,000 | 7,399,048,000 | |||||||||||||||||||||||||||||||
funds under management | 1,731,429,000 | 1,796,126,000 | 1,711,086,000 | 1,711,086,000 | 1,783,246,000 | 1,618,763,000 | 1,618,763,000 | 1,502,806,000 | 1,445,339,000 | 1,061,321,000 | |||||||||||||||||||||||||||||||||
1,740,433 | 1,827,996,000 | ||||||||||||||||||||||||||||||||||||||||||
5,890,084 | 5,998,649,000 | ||||||||||||||||||||||||||||||||||||||||||
2,182,391 | 1,554,855,000 | 2,144,675,000 | |||||||||||||||||||||||||||||||||||||||||
6,785,937 | 6,285,302,000 | 6,698,812,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-03-04 | 2024-03-04 | 2023-02-28 | 2022-03-02 | 2021-03-02 | 2020-06-08 | 2020-02-28 | 2018-03-05 |
|---|---|---|---|---|---|---|---|---|
cash and cash equivalents from operating activities | ||||||||
net profit for the year | 5,623,252 | 4,352,331 | 4,181,648 | |||||
adjustment to reconcile net profit to net cash arising from operating activities: | ||||||||
provision for credit losses on loan portfolio | 3,943,301 | 1,388,711 | 2,100,091 | |||||
depreciation and amortization | 570,830 | 125,150 | 455,032 | 419,975 | ||||
depreciation of right-of-use assets | 142,640 | 46,598 | 177,307 | |||||
depreciation of investment properties | 9,098 | 1,682 | 6,727 | 6,440 | ||||
provision for sundry risks | 315,214 | 5,772 | 44,131 | 29,023 | ||||
deferred (income) tax expense | -54,943 | -52,540 | ||||||
net gain on securities | -362,295 | -546,814 | ||||||
impairment loss on goodwill | 27,346 | |||||||
net gain of trading derivatives | -156,195 | -6,043 | -103,580 | |||||
net income from sale of property, furniture and equipment | -68,037 | -10,319 | -16,869 | |||||
loss net from sale of seized and recovered assets | -27,172 | |||||||
expense for share-based payment transactions | 104,848 | 20,120 | 120,062 | |||||
net gain from sale of written-off portfolio | -21,295 | |||||||
intangible losses due to withdrawals and dismissed projects | 131,142 | |||||||
others | 145,492 | 21,240 | -19,735 | -17,394 | ||||
net changes in assets and liabilities | ||||||||
net decrease in assets: | ||||||||
loans | -4,461,273 | -4,319,772 | -6,767,721 | -8,387,767 | ||||
investments at fair value through profit or loss | 412,376 | -374,935 | -206,534 | |||||
investments at fair value through other comprehensive income | -2,555,702 | -2,882,465 | 771,680 | |||||
cash collateral, reverse repurchase agreements and securities borrowings | 383,427 | -10,460 | -265,157 | |||||
sale of written off portfolio | 55,230 | |||||||
other assets | -1,111,692 | -696,212 | -1,066,465 | 425,245 | ||||
net increase in liabilities | ||||||||
deposits and obligations | 13,286,449 | 2,271,524 | -46,199 | 2,485,794 | 25,856,151 | 5,812,631 | 7,457,393 | 12,779,204 |
due to banks and correspondents | -1,600,761 | 3,455,502 | 1,804,784 | 1,103,063 | -3,143,279 | 824,889 | 426,411 | 661,747 |
payables from repurchase agreements and securities lending | -1,111,676 | -9,034,940 | 20,200,747 | 549,499 | -1,714,532 | |||
bonds and notes issued | 348,532 | -298,572 | -96,199 | -108,479 | 670,877 | 788,144 | ||
short-term and low-value lease payments | -118,156 | -106,356 | -74,016 | -22,418 | -63,047 | |||
other liabilities | 2,375,248 | 2,604,047 | 2,371,748 | 1,303,118 | 1,274,759 | 3,051,336 | 1,567,333 | 1,680,868 |
income tax paid | -1,703,135 | -1,106,572 | -1,162,843 | -392,399 | -1,168,130 | -1,014,907 | ||
net cash flow from operating activities | 14,522,093 | 4,079,719 | -1,134,877 | 3,972,994 | 12,686,823 | 3,250,946 | 6,933,711 | 9,301,315 |
net cash flows from investing activities | 527,559 | -1,094,965 | -1,873,356 | -1,014,535 | 726,207 | 405,672 | ||
revenue from sale of property, furniture and equipment | 98,223 | 53,152 | 5,373 | 11,457 | 22,956 | 35,355 | ||
revenue from sale of investment property | 47,100 | -359 | 78 | 38,969 | ||||
revenue from sales and reimbursement of investment to amortized cost | 1,740,670 | 1,245,434 | 1,006,325 | 1,600,519 | ||||
purchase of property, furniture and equipment | -310,144 | -192,700 | -98,120 | -15,348 | -134,776 | |||
purchase of investment property | -70,399 | -87,132 | -26,533 | -6,595 | -33,321 | -9,217 | ||
purchase of intangible assets | -801,290 | -703,670 | -535,241 | -79,958 | -371,957 | |||
purchase of investment at amortized cost | -176,601 | -1,122,802 | -2,837,015 | -1,273,186 | -1,688,443 | |||
acquisition of subsidiaries, net of cash received | -375,952 | |||||||
net cash flows from financing activities | -1,810,421 | -1,600,815 | -2,088,460 | -2,595,627 | -3,551,805 | -2,343,301 | ||
dividends paid | -3,664,648 | -1,196,422 | -2,392,844 | -2,392,844 | -1,595,229 | -979,989 | ||
dividends paid to non-controlling interest of subsidiaries | -106,777 | -48,577 | -32,273 | -799 | -52,971 | |||
principal payments of leasing contracts | -152,693 | -156,529 | -163,392 | -42,282 | -147,841 | |||
interest payments of leasing contracts | -22,828 | -25,054 | -32,295 | -7,803 | -37,438 | |||
purchase of treasury stock | -110,894 | -83,605 | -151,899 | -151,899 | -103,225 | |||
sale of treasury stock | 9,949 | 3,752 | ||||||
acquisition of non-controlling interest | -36,781 | -5,877 | ||||||
subordinated bonds | 2,284,200 | 62,044 | -94,700 | 183,160 | 684,243 | -977,009 | ||
net increase of cash and cash equivalents before effect of changes in exchange rate | 13,239,231 | 560,303 | -3,830,657 | 8,725,007 | -359,216 | 4,108,113 | 7,363,686 | |
effect of changes in exchange rate of cash and cash equivalents | 410,258 | -1,341,926 | 2,779,791 | 2,034,718 | 697,368 | -294,874 | -784,685 | |
cash and cash equivalents at the beginning of the period | 33,920,614 | 34,120,962 | 39,293,545 | 36,733,767 | 25,974,042 | 25,974,042 | 22,160,803 | |
cash and cash equivalents at the end of the period | 47,570,103 | 33,920,614 | 34,120,962 | 39,293,545 | 36,733,767 | 26,312,194 | 25,974,042 | |
additional information | ||||||||
interest received | 19,896,077 | 18,658,791 | 14,717,523 | 11,615,448 | 11,161,316 | 3,196,720 | 12,349,495 | 10,935,640 |
interest paid | -5,852,580 | -2,847,538 | -2,959,525 | -817,727 | -3,193,536 | -2,885,989 | ||
transactions that do not represent cash flow | ||||||||
recognition of lease operations | 45,463 | 103,715 | 108,751 | -118,912 | 852,800 | |||
reclassification from investments at amortized cost to fair value with changes in equity | 241,656 | |||||||
sale option of minor shares of mibanco colombia | -42,964 | |||||||
loss from sale of investment property | ||||||||
additional information from cash flows | ||||||||
benefit from credit losses on loan portfolio | ||||||||
benefit from sundry risks | ||||||||
adjustment of technical reserves | 57,539 | 761,970 | 509,051 | |||||
net gain on financial assets designated at fair value through profit and loss | ||||||||
net income (net gain) from sale of seized and recovered assets | ||||||||
net increase in assets: | ||||||||
income from sale of investment property | ||||||||
reclassification from fair value with changes in equity to investments at amortized cost | 2,232,663 | |||||||
cash flows from operating activities | ||||||||
net income | ||||||||
net income from investments in subsidiaries and associates | ||||||||
deferred income tax | -3,556 | |||||||
variation of investments fair value | ||||||||
amortization of bond issuance expenses | ||||||||
cash flows from investing activities | ||||||||
purchase of investments at fair value through profit or loss | ||||||||
sale of investments at fair value through profit or loss | ||||||||
puchase of investments at fair value through other comprehensive income | ||||||||
capital contribution in subsidiaries | ||||||||
dividends received | ||||||||
cash flows from financing activities | ||||||||
cupon payments | ||||||||
dividend distribution | ||||||||
net increase of cash and cash equivalents | ||||||||
before effect of changes in exchange rate | ||||||||
cash and cash equivalents at the beginning of the year | 16,633,196 | |||||||
revenue from collections for maturities and coupons of investment at amortized cost | 590,605 | |||||||
additional dividends | ||||||||
impact of fair value of portfolio with change in effective rate | ||||||||
gain on financial assets designated at fair value through profit and loss | -93,664 | |||||||
gain net from sale of seized and recovered assets | ||||||||
net profit for the period | 213,175 | |||||||
deferred expense tax | -212,846 | |||||||
net loss on securities | 101,408 | |||||||
loss on financial assets designated at fair value through profit and loss | 98,243 | |||||||
net loss of trading derivatives | -35,430 | |||||||
net loss from sale of seized and recovered assets | -1,312 | 9,617 | ||||||
proceeds from sale of property, furniture and equipment | 22,453 | |||||||
proceeds from sale and reimbursement of investment to amortized cost | 338,099 | |||||||
net (gain) loss of trading derivatives | ||||||||
net (gain) income from sale of seized and recovered assets | ||||||||
(gain) loss on financial assets designated at fair value through profit and loss | ||||||||
(gain) loss net from sale of seized and recovered assets | ||||||||
investments available-for-sale | ||||||||
revenue from sales and reimbursement of investment at amortized cost | 3,256,332 | |||||||
purchase of investments held-to-maturity | ||||||||
revenue from sales and reimbursement of investments held-to-maturity | ||||||||
additional dividends paid | -638,092 | |||||||
net gain from sale of seized and recovered assets | ||||||||
- 15 - | ||||||||
cash flows and cash equivalents from operating activities | ||||||||
profit before income tax | 5,574,934 | |||||||
income tax | -1,393,286 | |||||||
adjustment to reconcile net profit with net cash arising from operating activities: | ||||||||
provision for loan losses | 2,057,478 | |||||||
impairment loss on available for-sale investments | 766 | |||||||
net gain on sales of securities | -741,781 | |||||||
net loss on financial assets designated at fair value through profit and loss | -67,633 | |||||||
loss on sales of property, furniture and equipment | -36,970 | |||||||
net profit from sale of seized and recovered assets | -2,494 | |||||||
expense on share-based compensation plan | 62,043 | |||||||
net changes in assets and liabilities: | ||||||||
net decrease in assets | ||||||||
trading securities | -16,400 | |||||||
available for sale investments | -5,380,789 | |||||||
cash collaterals, receivables from reverse repurchase agreements and securities borrowings | -78,950 | |||||||
payables from repurchase agreements and security lending | 1,551,904 | |||||||
revenue for sale of property, furniture and equipment | 44,137 | |||||||
revenue from sales of investment property | 115,705 | |||||||
additions of property, furniture and equipment | -143,851 | |||||||
additions of intangible assets | -271,722 | |||||||
held-to-maturity investments | 670,620 | |||||||
advance of dividends | -1,252,255 | |||||||
subordinated bonds and notes issued | -40,049 | |||||||
acquisition of credicorp shares | -71,008 | |||||||
cash and cash equivalents at the end of the year | 23,212,197 | |||||||
(gain) loss on sales of property, furniture and equipment | ||||||||
net increase in assets | ||||||||
- 14 - | ||||||||
benefit from loan losses | ||||||||
add | ||||||||
provision for seized assets | ||||||||
net gain on sales of securities available-for-sale | ||||||||
impairment loss on available-for-sale investments | ||||||||
net loss on financial assets and liabilities designated at fair value through profit and loss | ||||||||
gain on sales of property, furniture and equipment | ||||||||
translation result | ||||||||
loss for shared-based compensation plan | ||||||||
(sale) purchase of trading securities | ||||||||
increase in loans | ||||||||
decrease in other assets | ||||||||
increase in deposits and obligations | ||||||||
increase in due to banks and correspondents | ||||||||
increase in other liabilities | ||||||||
net cash from operating activities | ||||||||
capital expenditures | ||||||||
free cash flows | ||||||||
acquisition of subsidiary net of cash received, note 2 | ||||||||
net sale of investments available-for-sale | ||||||||
sales of property, furniture and equipment | ||||||||
purchase of non-controlling interest | ||||||||
net cash from investing activities | ||||||||
issuance of bonds and notes | ||||||||
redemption and payments of bonds and notes | ||||||||
acquisition of credicorp’s shares | ||||||||
cash dividends | ||||||||
net cash from financing activities | ||||||||
net increase in cash and cash equivalents | ||||||||
translation gain on cash and cash equivalents | ||||||||
supplementary cash flows information: | ||||||||
cash paid during the year for - | ||||||||
interest | ||||||||
cash received during the year for - | ||||||||
amortization of goodwill | ||||||||
benefit from assets seized | ||||||||
minority interest | ||||||||
net gain on securities sale | ||||||||
translation loss | ||||||||
purchase of trading securities | ||||||||
sale of trading securities | ||||||||
changes in assets and liabilities: | ||||||||
decrease (increase) in loans | ||||||||
decrease (increase) in other assets | ||||||||
decrease in due to banks and correspondents | ||||||||
acquisition of banco santander central hispano s.a. - peru, | ||||||||
net of cash acquired | ||||||||
cash received from sales of banco capital | ||||||||
purchase of investments available-for-sale | ||||||||
sales of investments available-for-sale | ||||||||
decrease (increase) in bonds issued | ||||||||
sales (purchase) of treasury stocks | ||||||||
cash paid during the year for | ||||||||
income taxes | ||||||||
supplementary schedule of non-cash financing activities: | ||||||||
dividends pending payments | ||||||||
other accounts receivable from sale of banco capital | ||||||||
cash flows from operating activities: | ||||||||
net income for the year | ||||||||
benefit from contingencies | ||||||||
net gain from sales of securities | ||||||||
net increase in loans | ||||||||
net increase in deposits and other obligations | ||||||||
net decrease in due to banks and correspondents | ||||||||
cash flows from investing activities: | ||||||||
acquisition of banco santander central hispano | ||||||||
s.a. (bsch-peru), net of cash acquired | ||||||||
net cash (used) provided by investing activities | ||||||||
cash flows from financing activities: | ||||||||
increase in bonds issued | ||||||||
net cash (used) provided by in financing activities | ||||||||
supplementary cash flows information | ||||||||
cash paid during the year for: | ||||||||
dividends pending payment |