Credicorp Ltd 6-K, filed Jun 24, 2026

Credicorp Ltd (BAP)

6-K 2026-06-24 For: 2026-06-24

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Added on June 25, 2026

About this 6-K

Credicorp Ltd filed this 6-K on June 24, 2026.

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	CREDICORP LTD.
	(Registrant)

	By:	/s/ Milagros Cigüeñas
		Milagros Cigüeñas
		Authorized Representative

Financials
Financial Statements
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2025	Mar. 31, 2026
	12 months	12 months	12 months	1st quarter
	(PEN mil.)	(PEN mil.)	(PEN mil.)	(PEN mil.)
Summary income statement
Net interest and dividend income	12,938	14,115	14,716	3,963
Net fees and commissions	3,805	4,052	4,200	1,149
Other operating income	3,065	3,338	4,252	1,130
Total operating income	19,808	21,505	23,168	6,242
Operating costs	9,263	10,196	10,799	2,841
Pre-impairment operating profit	10,545	11,309	12,369	3,401
Loan and other impairment charges	3,627	3,547	2,460	482
Operating profit	6,919	7,762	9,909	2,919
Other non-operating items (net)	-70	63	39	-
Tax	1,888	2,201	2,865	809
Net income	4,960	5,623	7,083	2,110
Other comprehensive income	582	-77	342	-
Fitch comprehensive income	5,542	5,546	7,425	2,110

Summary balance sheet
Assets
Gross loans	144,976	145,732	149,985	152,825
– of which impaired	4,674	4,384	8,882	6,524
Loan loss allowances	8,278	7,995	7,670	7,425
Net loans	136,698	137,737	142,315	145,399
Interbank	3,622	40,120	41,395	42,980
Derivatives	988	905	1,232	-
Other securities and earning assets	56,015	57,659	56,767	61,634
Total earning assets	197,323	236,421	241,709	250,013
Cash and due from banks	30,309	7,535	7,650	7,709
Other assets	11,208	12,132	18,004	20,793
Total assets	238,840	256,089	267,363	278,514

Liabilities
Customer deposits	146,510	160,741	169,420	178,628
Interbank and other short-term funding	17,724	16,436	15,611	5,872
Other long-term funding	21,155	21,901	19,371	26,416
Trading liabilities and derivatives	892	820	1,048	-
Total funding and derivatives	186,281	199,897	205,450	210,916
Other liabilities	19,452	21,215	22,816	26,949
Preference shares and hybrid capital	-	-	-	-

Total equity	33,107	34,977	39,096	40,648
Total liabilities and equity	238,840	256,089	267,363	278,514
Exchange rate	USD1= PEN3.7260	USD1= PEN3.7340	USD1= PEN3.3600	USD1= PEN3.4800
Source: Fitch Ratings, Fitch Solutions, Credicorp

Key Ratios
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2025	Mar. 31, 2026
Ratios (%; annualized as appropriate)

Profitability
Operating profit/risk-weighted assets	-	-	-	-
Net interest income/average earning assets	6.5	6.5	6.3	6.5
Non-interest expense/gross revenue	47.0	47.7	46.7	45.6
Net income/average equity	15.9	16.6	19.4	21.5

Asset quality
Impaired loans ratio	3.2	3.0	5.9	4.3
Growth in gross loans	-2.5	0.5	2.9	1.9
Loan loss allowances/impaired loans	177.1	182.4	86.4	113.8
Loan impairment charges/average gross loans	2.5	2.4	1.7	1.3

Capitalization
Common equity Tier 1 ratio	-	-	-	-
Fully loaded common equity Tier 1 ratio	-	-	-	-
Fitch Core Capital ratio	-	-	-	-
Tangible common equity/tangible assets	12.7	12.5	12.7	13.1
Basel leverage ratio	-	-	-	-
Net impaired loans/common equity Tier 1	-20.2	-11.6	3.5	-2.6
Net impaired loans/Fitch Core Capital	-12.1	-	-	-

Funding and liquidity
Gross loans/customer deposits	99.0	90.7	88.5	85.6
Gross loans/customer deposits + covered bonds	-	-	-	-
Liquidity coverage ratio	-	-	-	-
Customer deposits/total non-equity funding	79.0	80.7	82.9	84.7
Net stable funding ratio	-	-	-	-
Source: Fitch Ratings, Fitch Solutions, Credicorp

Environmental, Social and Governance Considerations

ESG Scoring	Credit-Relevant ESG Scale
ESG relevance scores range from ‘1’ to ‘5’ based on a 15-level colour gradation. Red (5) is most relevant to the credit rating and green (1) is least relevant.		5	Highly relevant, a key rating driver that hasa significant impact on the rating on an individual basis. Equivalent to ‘Higher’ relative importance within the Navigator.
The Environmental (E), Social (S) and Governance (G) tables break out the general and the sector-specific issues that are most relevant to each industry group. Relevance scores are assigned to each sector-specific issue, signalling the credit relevance of the sector-specific issues to an issuer’s overall credit rating. The Reference column highlights the factor(s) within which the corresponding ESG issues are captured in Fitch’s credit analysis.		4	Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to ‘Moderate’ relative importance within the Navigator.
The panels underneath the relevance scores tables are visualisations of the frequency of occurrence of the highest ESG relevance scores across the combined E, S and G categories. The Score columns summarise rating relevance and impact to credit from ESG issues. The column on the far left identifies any ESG relevance sub-factor issues that are drivers or potential drivers of an issuer’s credit rating (corresponding with scores of ‘3’, ‘4’ or ‘5’). All scores of ‘4’ and ‘5’ are assumed to reflect a negative impact unless indicated with a ‘+’ sign for positive impact.		3	Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to ‘Lower’ relative importance within the Navigator.
Classification of ESG issues has been developed from Fitch’s sector ratings criteria. The general and sector-specific issues draw on the classification standards published by the UN Principles for Responsible Investing, the Sustainability Accounting Standards Board and the World Bank.		2	Irrelevant to the entity rating but relevant to the sector.
		1	Irrelevant to the entity rating and irrelevant to the sector.

Ratings
Foreign Currency
Long-Term IDR	BBB+
Short-Term IDR	F2

Outlooks
Long-Term Foreign-Currency IDR	Stable