Company Overview

Credicorp Ltd. is a leading financial services holding company headquartered in Peru, operating primarily across Latin America. The company provides a broad range of financial products and services spanning banking, insurance, pension management, asset management, and investment banking. Credicorp’s core purpose is to serve individuals, small and medium-sized enterprises, and large corporations through diversified financial solutions, with a strong emphasis on retail and commercial banking as its primary revenue driver.

Founded in 1995 as a holding company for Banco de Crédito del Perú, Credicorp has evolved into one of the largest and most influential financial groups in the Andean region. Its strategic advantage lies in its dominant market position in Peru, diversified business mix, strong capitalization, and growing digital capabilities. Credicorp’s long operating history, brand recognition, and integrated financial ecosystem have enabled it to maintain resilience across economic cycles.

Business Operations

Credicorp operates through several major business segments that collectively generate revenue from interest income, fees and commissions, insurance premiums, and investment management fees. Its core segments include Universal Banking, Microfinance, Insurance, Pensions, and Asset and Wealth Management. The group’s flagship banking subsidiary, Banco de Crédito del Perú (BCP), represents the largest contributor to earnings, providing retail, corporate, and treasury services.

Internationally, Credicorp has expanded through subsidiaries such as Banco de Crédito BCP Bolivia, Banco de Crédito BCP Chile, and Mibanco, which focuses on microfinance across multiple countries. The company also controls Pacífico Seguros in insurance, Prima AFP in pension fund administration, and Credicorp Capital for investment banking and asset management. Digital platforms, including Yape, form an increasingly important part of customer acquisition and transaction volumes, particularly in retail payments.

Strategic Position & Investments

Credicorp’s strategy centers on sustainable growth, financial inclusion, and digital transformation. The company continues to invest heavily in technology to enhance efficiency, expand digital channels, and deepen customer engagement across its banking and payments platforms. Microfinance and mass-market financial services are core growth initiatives, supported by the regional expansion of Mibanco and the scaling of low-cost digital solutions.

The group has pursued selective acquisitions and internal investments to strengthen its capabilities in asset management, investment banking, and digital finance. Credicorp Capital plays a key role in regional capital markets, while internal venture initiatives focus on fintech innovation and data analytics. Exposure to emerging financial technologies is primarily pursued through controlled internal development rather than large-scale external acquisitions.

Geographic Footprint

Credicorp’s operations are concentrated in Peru, which accounts for the majority of its assets, revenues, and customer base. The company also maintains a significant presence in Bolivia, Chile, Colombia, Panama, and other parts of Latin America through banking, microfinance, and investment services subsidiaries.

Beyond the Andean region, Credicorp maintains corporate and investment operations linked to international financial markets, including activities connected to North America through capital markets access. While Peru remains the strategic core, the company’s regional diversification provides exposure to multiple economic environments and supports long-term growth.

Leadership & Governance

Credicorp is led by a professional management team with extensive experience in banking, insurance, and regional financial markets. Governance is structured around a holding company model, with centralized strategic oversight and strong local management at subsidiary levels. The leadership philosophy emphasizes prudent risk management, long-term value creation, and financial inclusion.

Key executives include:

• Gianfranco Ferrari – Chief Executive Officer
• Enrique Castelli – Chief Financial Officer
• Luis Enrique Romero – Chairman of the Board
• Silvia Flores – Chief Risk Officer
• Paola Subira – Chief Human Resources Officer