Strong ROE Performance
Credicorp reported a high ROE of 20.3% for the first quarter of 2025. Even excluding extraordinary gains, the ROE would have been 18.4%, which exceeded expectations.
Positive Macroeconomic Indicators
Peru's GDP grew by 3.9% in the first quarter, supported by private spending, lower inflation, and high terms of trade. This growth is expected to continue.
Loan Growth and Asset Quality
Loan growth was particularly robust in wholesale banking short-term loans. Asset quality improved, with a cost of risk at a low of 1.6% and an NPL ratio of 5.1%.
Digital and Innovation Investment
Credicorp has expanded digital capabilities, redesigned client journeys, and achieved 5.4% risk-adjusted revenues from new businesses, advancing toward a 10% target by 2026.
Resilient NIM and Deposit Growth
Despite interest rate declines, NIM remained resilient at 6.2%. Deposit growth was strong, with low-cost deposits reaching a 41.3% market share.
Sustainability Initiatives
Credicorp embedded sustainability deeply into its strategy with initiatives in inclusive finance, financial education, and green loans.