Credicorp’s Grupo Credito Faces Tax Dispute with SUNAT

Credicorp ( (BAP) ) has shared an announcement.

On June 27, 2025, Credicorp’s subsidiary, Grupo Credito S.A., was notified of tax and fine resolutions by the Peruvian Tax Administration (SUNAT) related to transactions from 2018 and 2019. These resolutions claim that Grupo Credito failed to withhold income tax on share purchase transactions involving Banco de Credito del Peru’s shares. Grupo Credito plans to contest these resolutions, arguing they lack legal foundation and are abusive.

The most recent analyst rating on (BAP) stock is a Buy with a $225.00 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 overall stock score is bolstered by strong financial performance, particularly in profitability and equity utilization, and positive market sentiment following a robust earnings call. The stock’s technical indicators suggest bullish momentum, although caution is advised due to near-overbought conditions. The attractive valuation and high dividend yield further enhance the investment appeal. However, challenges in revenue growth and cash flow stability need addressing to sustain long-term value.

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

More about Credicorp

Credicorp Ltd. operates in the financial services industry, primarily through its subsidiary Banco de Credito del Peru. The company focuses on providing banking services and financial solutions in Peru, with a significant presence in the local market.

Average Trading Volume: 331,973

Technical Sentiment Signal: Buy

Current Market Cap: $17.81B

See more data about BAP stock on TipRanks’ Stock Analysis page.