Credicorp ( (BAP) ) has released its Q2 earnings. Here is a breakdown of the information Credicorp presented to its investors.
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Credicorp Ltd. is a leading financial services holding company in Peru, with a presence in Chile, Colombia, Bolivia, and Panama, offering a diverse range of banking, insurance, and investment services. In its latest earnings report for the second quarter of 2025, Credicorp showcased strong financial performance, with net income attributable to the company increasing by 36.1% year-over-year, reaching S/1,822.0 million. The company’s return on equity (ROE) hit a record high of 20.7%, driven by gains in BCP’s investment portfolio and sustained momentum in core businesses. Key highlights include a record risk-adjusted net interest margin (NIM) of 5.44%, a significant improvement in portfolio quality with a non-performing loan (NPL) ratio of 5.0%, and a 47.4% year-over-year decline in provisions. The company’s diversified revenue streams, including a 5.3% increase in core income and notable gains in insurance underwriting results, underscore its robust business model. Looking ahead, Credicorp’s management remains optimistic, revising its full-year ROE guidance to around 19% and setting a long-term target of 19.5%, supported by strong loan growth dynamics and improved risk-adjusted NIM. The company continues to focus on innovation and digital transformation to drive sustainable growth and redefine financial services in Latin America.