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Credicorp Secures Operating License for Tenpo Bank Chile

Story Highlights
  • Credicorp’s subsidiary Tenpo Bank Chile received operating authorization from Chile’s CMF on January 19, 2026.
  • The new license advances Credicorp’s regional expansion, with Tenpo Bank Chile required to start banking operations within one year.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Credicorp Secures Operating License for Tenpo Bank Chile

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The latest update is out from Credicorp ( (BAP) ).

On January 19, 2026, Credicorp announced that Chile’s Financial Market Commission (CMF) granted operating authorization to its subsidiary Tenpo Bank Chile, following up on information first disclosed in February 2025. The license allows Tenpo Bank Chile to operate exclusively as a banking institution, with a regulatory requirement to begin operations within one year of the authorization date, marking a key step in Credicorp’s regional banking expansion and potentially strengthening its competitive position in Chile’s financial sector and broader Latin American digital banking market.

The most recent analyst rating on (BAP) stock is a Buy with a $364.00 price target. To see the full list of analyst forecasts on Credicorp stock, see the BAP Stock Forecast page.

Spark’s Take on BAP Stock

According to Spark, TipRanks’ AI Analyst, BAP is a Outperform.

Credicorp’s strong financial performance and attractive valuation are the primary drivers of its stock score. The positive sentiment from the earnings call further supports the score, despite technical indicators suggesting potential short-term weakness. Political uncertainties and cash flow challenges are risks to monitor.

To see Spark’s full report on BAP stock, click here.

More about Credicorp

Credicorp Ltd. is a Peru-based financial holding company whose main subsidiary is Banco de Crédito del Perú, operating primarily in banking and related financial services across Latin America, with a growing focus on digital banking and regional expansion, including operations in Chile.

Average Trading Volume: 295,289

Technical Sentiment Signal: Buy

Current Market Cap: $25.6B

Learn more about BAP stock on TipRanks’ Stock Analysis page.

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