Credicorp Ltd is a Peruvian multinational corporation operating in the financial sector, with a primary focus on banking and insurance services listed on the stock exchange. The current corporate structure was established by a group of Peruvian investors and executives, driven by the consolidation of regional financial institutions and the strengthening of the local capital markets.

The product and service portfolio includes commercial and corporate banking, asset management, life and non-life insurance, pension services, financial leasing, credit cards, and investment banking operations. The company also engages in digitalization initiatives and electronic payment platform development.

Market operations are concentrated primarily in Peru, with significant presence in other Latin American countries, including Bolivia, Colombia, and Chile. Financial services are delivered to corporate, retail, and institutional clients through branch networks, digital platforms, and strategic partnerships.

Market factors affecting operations include regional economic cycles, interest rates, monetary policies of the Central Bank of Peru, competition from domestic and international banks, financial regulation, service digitalization, and consumer trends in banking and insurance products. Expansion projects and corporate governance practices are overseen by the board of directors and independent audits.

Corporate scale encompasses millions of clients, hundreds of branches and subsidiaries, and large-scale operations in digital banking and insurance brokerage, reflecting a significant presence in the regional financial sector.

The operational structure comprises the administrative headquarters in Lima, corporate and retail service units, divisions for risk management, treasury, credit analysis, insurance units, and technology and support centers. Service logistics include digital platforms, financial transaction processing, and remote customer service centers.

The operating model integrates commercial banking, investment banking, insurance, and asset management activities through information technology systems, regulatory compliance, and multichannel client service. Strategic initiatives include digital innovation, product diversification, and regional expansion.

The company’s primary trading ticker is BAP, listed on the New York Stock Exchange (NYSE).

History and Foundation

The company was founded in 1995 in Peru, through the consolidation of multiple local financial institutions into an integrated corporate group focused on providing diversified financial services.

Early operational years involved integration of business units, standardization of credit and insurance systems, and adaptation to emerging financial regulations. Key achievements included strengthening national market presence and establishing specialized asset management and insurance units.

Expansion and growth included entry into international markets in Latin America, diversification of financial products, development of digital platforms, strategic partnerships, and brand reinforcement in corporate and retail segments.

Major historical milestones include the initial public offering (IPO) conducted in 1999 on the New York Stock Exchange, acquisitions of regional banks, launch of innovative insurance products, and consolidation of digital operations.

Between 2020 and 2024, notable developments included digitalization initiatives, modernization of banking platforms, expansion of services through partner fintechs, strategic adjustments in credit and insurance lines, and impacts from regional economic volatility and regulatory changes in the financial sector.

Additional Information

Credicorp Ltd (United States) is listed on the Nasdaq and has a market capitalization of $30.83 billion, with shareholders equity totaling $11.52 billion.

The company employs approximately 52.770 people and operates in the Others sector, within the Others industry.

Over the past 12 months, Credicorp Ltd reported $7.52 billion in revenue, generating net income of $2.19 billion.

Key financial metrics include a P/E ratio of 14.09, a price-to-book (P/B) ratio of 2.68, and a trailing twelve-month dividend yield of 3.69%.

The company trades under the ticker BAP.