About Credicorp
We are the largest financial services holding company in Peru with a growing presence in the Latin American region. Over the past 10 years, Credicorp has consistently grown its net income at a compounded annual growth rate of 10.2%, well above the 3.6% growth registered for Peruvian GDP during the same period. The diversity and strength of Credicorp’s operations, organized under four lines of business (LoB), and deep relationships with our clients, supported by over 35,800 colleagues, have translated into a track record of resilience across economic cycles.

The “Credicorp Way” implements the best practices of each of the group’s companies across the organization to leverage synergies without sacrificing agility. A talented and committed team is driving our long-term strategy of focusing on innovation and transformation to bolster the client experience and increase efficiency as we seize opportunities for sustained growth and profitability.


Lines of Business
Universal Banking
The Universal Banking business is organized into (i) wholesale banking activities, carried out by BCP Stand-alone’s Wholesale Banking Group (WBG); (ii) retail banking activities, carried out by BCP Stand-alone’s Retail Banking Group (RBG); (iii) treasury activities carried out by BCP Stand-alone’s Treasury; and (iv) wholesale and retail banking activities in Bolivia.
As of Q2 2020, BCP Stand-alone’s loan portfolio and deposit base grew at a faster pace than the banking system driven by our client centric strategy. The strategy, which aims to improve experiences in all segments by upgrading and innovating digital banking, has resulted in individual digital clients reached of 50% of the base, or 4.3 million.
Microfinance
Mibanco is the undisputed leader in the micro and small business segments in Peru and comprised 92% of the total loan portfolio of the microfinance line of business. In 2019 Mibanco banked over 109,000 clients and was present in 24 departments in the country with the largest branch network and regional leadership in the main cities. Over the last five years more than 580,000 Peruvians received their first-ever loan from Mibanco.
Mibanco is moving from a traditional model to a hybrid decision-making model enabled by an intensive investment in the data collection, analytics and digital capabilities.
The Microfinance business has important growth potential in the Latin American region, where we haved additional operations in Colombia through Encumbra and Bancompartir, and in Bolivia through Si Vamos Juntos. Through our Microfinance business model we will further deliver our mission to support financial inclusion.
Insurance & Pension Funds
The Insurance & Pension Funds LoB is made up of Grupo Pacifico Asegurador, one of the largest insurance and reinsurance companies in Peru, which offers a broad spectrum of products in the Life, health and property & casualty businesses and Prima AFP, Peru’s second largest administrator of private pension funds in terms of total assets under management, with over S/ 46 billion as of June 2020.
Pacifico will continue to focus on capturing growth in the Peruvian market, which has amongst the lowest penetration levels in the region, through educating the population about the importance of insurance to mitigate personal and business risks; and growing in such channels as bancassurance to leverage the group’s synergies. Additionally, Prima AFP will continue its efforts to optimize return for our clients.
Investment Banking & Wealth Management
The Investment Banking & Wealth Management LoB comprises four main business units including, Asset Management, Wealth Management, Capital Markets and Corporate Finance.
Credicorp Capital carries out its Investment Banking & Wealth Management operations under the umbrella of a single Latin American regional model through Credicorp Capital Peru, Credicorp Capital Colombia, and Credicorp Capital Chile which hold considerable market shares in the Peruvian, Colombian and Chilean markets, respectively.
In total, our AUM for the Asset Management and Wealth Management business, across institutional and retail clients, topped S/ 72billion and S/ 56 billion, respectively at the end of June 2020.