Credicorp Reports Strong Q2 2024 Financials
Company Announcements

Credicorp Reports Strong Q2 2024 Financials

Credicorp (BAP) has released an update.

Credicorp Ltd. has reported its financial outcomes for the second quarter of 2024, announcing a robust return on equity (ROE) of 16.2% and signaling confidence in achieving its annual guidance. Despite a challenging macroeconomic environment, the company has seen growth in its loan portfolio and a diverse income stream, with significant year-over-year rises in both Net Interest Income and Other Core Income. Moreover, its digital payment platform, Yape, has exceeded expectations by reaching break-even well ahead of schedule, marking a significant milestone for the company.

For further insights into BAP stock, check out TipRanks’ Stock Analysis page.

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