Credicorp (BAP) has released an update.
Credicorp Ltd. reported a record net income of S/1,524 million for the third quarter of 2024, showcasing strong financial performance driven by a resilient net interest margin and effective cost control. Despite a slight decline in total loans, the company saw a growth in deposits and an improvement in its efficiency ratio. Additionally, the popular app Yape continued its upward trajectory, reaching 13 million monthly active users.
For further insights into BAP stock, check out TipRanks’ Stock Analysis page.