Core Insights - Credicorp (NYSE: BAP) is the holding company for BCP, which is the largest bank in Peru, maintaining a dominant market share and superior returns on equity over a long period [1] Company Overview - Credicorp operates BCP, the largest bank in Peru, which has sustained a dominant market position [1] - The company has demonstrated consistent superior returns on equity, indicating strong financial performance [1] Market Position - The dominant market share of BCP suggests that there is little indication of significant changes in its competitive position [1]

Core Points - Credicorp Ltd. has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the Securities and Exchange Commission [1] - The report includes audited consolidated financial statements for the years ended December 31, 2022, 2023, and 2024 under International Financial Reporting Standards (IFRS) [1] Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified business portfolio organized into four primary lines: Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [3] - The company operates through various subsidiaries, including Banco de Crédito del Perú (BCP), Mibanco, Grupo Pacifico, and Credicorp Capital, and has a presence in Peru, Chile, Colombia, Bolivia, and Panama [3]

Lima, April 24, 2025 (GLOBE NEWSWIRE) -- Lima, Peru, April 24, 2025 — Credicorp Ltd. (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a diversified presence in Chile, Colombia, Bolivia and Panama, announced today that its Board of Directors declared a cash dividend of S/40.00 per share for a total of S/3,775,292,680.00 in line with the Company’s Bye-Laws and taking into account the total net income attained in the 2024 financial year of S/5,501,254,379.37. The cash dividen ...

Lima, April 24, 2025 (GLOBE NEWSWIRE) -- Lima, PERU, April 24th, 2025 - Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: 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 1Q25’s earnings release on May 1st. This period will end on the date of the release, May 15th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or ...

Credicorp (BAP) shares ended the last trading session 4.8% higher at $178.02. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.1% loss over the past four weeks.Credicorp stock surged on the NYSE during a broad market rally, driven by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. This news boosted investor confidence, triggering a sharp rise in BAP shares.This Peruvian ...

Lima, March 13, 2025 (GLOBE NEWSWIRE) -- Lima, PERU, March 13th, 2025 – Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, announced today that it has successfully completed the acquisition of Empresas Banmédica’s (“Banmedica”) remaining 50% interest in the joint venture executed in December 2014 between Pacífico Compañía de Seguros y Reaseguros S.A. (“Pacifico Seguros”) and Banmedica. The trans ...

Group 1 - Credicorp is recognized as one of the better-run banks in Latin America, particularly noted for its effective risk management practices [1] - The company has garnered a positive reputation among investors, indicating strong operational performance [1]

Exhibit 99.1 | | Operating and Financial Highlights | 03 | | --- | --- | --- | | | Senior Management Quotes | 05 | | | Fourth Quarter 2024 Earnings Conference Call | 06 | | | Summary of Financial Performance and Outlook | 07 | | Financial Overview | | 12 | | | Credicorp's Strategy Update | 13 | | | Analysis of 4Q24 Consolidated Results | | | 01 | Loan Portfolio | 17 | | 02 | Deposits | 20 | | 03 | Interest Earning Assets and Funding | 23 | | 04 | Net Interest Income (NII) | 24 | | 05 | Portfolio Quality and ...

Financial Data and Key Metrics Changes - The company reported record profitability of $5.5 billion and an ROE of 16.5%, which adjusted to 17.2% when excluding one-off charges related to the Sartorius case [7][11] - The cost of risk fell to 2.1%, with provisions decreasing by 14.4% due to improved payment performance [33][76] - The net interest margin (NIM) decreased by nine basis points to 6.3% [34][78] Business Line Data and Key Metrics Changes - Universal banking and insurance business lines drove strong results, with significant growth in transactional volumes, particularly in FX and diesel transactions [12][26] - BCP's ROE reached 20.1%, supported by resilient margins and a shift towards retail loans [44][51] - MiBanco's NPL ratio improved, falling for three consecutive quarters, while NIM rose to 14.2% [61][62] Market Data and Key Metrics Changes - The Peruvian economy grew around 4% year-over-year in Q4 2024, recovering from a contraction in 2023 [36][39] - Inflation in Peru was controlled at 2%, one of the lowest figures among both advanced and developing economies [37][42] - The banking industry is expected to grow around 5.5%, with the company anticipating growth above this market rate [95][150] Company Strategy and Development Direction - The company aims to achieve 10% of risk-adjusted revenues from new businesses by 2026, focusing on digital transformation and sustainability [20][176] - Strategic priorities include attracting top talent, enhancing digital capabilities, and integrating sustainability into the core business strategy [15][176] - The company is committed to a robust risk management framework to support growth across all subsidiaries [178] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the macroeconomic recovery and its positive impact on loan growth, expecting the Peruvian economy to grow around 3% in 2025 [10][39] - The company anticipates a resilient NIM despite potential policy rate reductions, supported by a shift towards higher-yielding loans [83][84] - Management highlighted the importance of political stability and responsible fiscal policies for long-term sustainable growth [10][11] Other Important Information - The company has allocated over $1.5 billion in sustainable financing across various sectors, emphasizing its commitment to financial inclusion and education [19][20] - Yape, the company's payments platform, reached profitability in 2024 with nearly 14 million active users, becoming Peru's fifth-largest e-commerce player [27][54] Q&A Session Summary Question: Political landscape and its impact on the industry - Management noted the uncertainty with many candidates for the upcoming elections but expects minimal impact on the industry until late in the year [92][94] Question: Sustainable ROE and operational expenses - Management expects to achieve an ROE of around 18% by 2026, with disruptive initiatives contributing positively to ROE [97][98] Question: Asset quality and loan origination - Management expressed confidence in restarting loan origination due to improved macro conditions and better performance of new vintages [104][106] Question: Provisioning related to Sartorius - A provision of 259 million soles was made, and management believes this should cover potential losses without needing additional provisions [111][155] Question: Efficiency ratio guidance - Management indicated that while Yape is profitable, its higher cost-to-income ratio may lead to a stable or slightly weaker efficiency ratio in the near term [120][125] Question: Capital distribution and dividends - The company aims to pay out excess capital as dividends, with a goal of growing dividends in March [136][137] Question: Loan growth expectations - The company expects to grow above the market rate, with average daily balances projected to increase by 3.5% [150][151]

4Q24 Earnings Conference Call February 2025 Safe Harbor This material includes "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical fact are forward-looking and may contain information about financial results, economic conditions, trends and known uncertainties. Forward-looking statements are not assurances of future performance. Instead, they are based ...