Credicorp ( (BAP) ) has released its Q3 earnings. Here is a breakdown of the information Credicorp presented to its investors.
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Credicorp Ltd., a leading financial services holding company in Peru with operations in Chile, Colombia, Bolivia, and Panama, has reported its financial results for the third quarter of 2025. The company operates primarily in the banking and insurance sectors and is known for its comprehensive financial ecosystem and innovative digital solutions.
In the third quarter of 2025, Credicorp demonstrated strong financial performance with a 14.1% year-over-year increase in net income attributable to the company, reaching S/1,738.7 million. The company’s return on equity (ROE) stood at 19.6%, supported by robust contributions from its universal banking, insurance, and microfinance segments, as well as continued growth in fee-based and transactional income.
Key financial highlights include a 4.4% year-over-year increase in total loans and a 5.9% rise in total deposits. The net interest income grew by 2.7% year-over-year, driven by a strengthened funding mix and a higher-yielding loan portfolio. The non-performing loan (NPL) ratio improved to 4.8%, and provisions for credit losses decreased by 30.5% year-over-year, reflecting better payment performance and an improved economic environment. Additionally, the insurance underwriting results rose by 33.1% year-over-year, highlighting strong performance in the life insurance business.
Looking ahead, Credicorp remains focused on sustainable growth and long-term value creation for its shareholders. The company aims to achieve a medium-term ROE of 19.5% and an efficiency ratio close to 42%, driven by accelerated loan growth, increased net interest margin, and disciplined execution of its strategic priorities. Credicorp continues to expand its digital and data-driven capabilities, positioning itself as a leader in financial inclusion and innovation in Latin America.