Credicorp Ltd. BAP

Company Overview

Credicorp Ltd. is a Peru-based financial services holding company and one of the largest financial institutions in Latin America by assets and market capitalization. The company operates primarily in the banking, insurance, pension, investment banking, and microfinance sectors through a diversified portfolio of subsidiaries. Its principal revenue drivers include commercial and retail banking activities, interest income from loans, insurance premiums, pension fund management fees, and wealth management services. Credicorp serves individuals, small and medium-sized enterprises (SMEs), large corporations, and institutional clients, with a particularly strong presence in Peru’s consumer and commercial banking markets.

The company’s core businesses are centered around Banco de Crédito del Perú (BCP), Mibanco, Pacifico Seguros, Prima AFP, and Credicorp Capital. Credicorp has historically maintained a leading market position in Peru through scale, extensive branch and digital distribution networks, and broad product diversification across financial services categories. The company traces its origins to the establishment of BCP in 1889, while Credicorp Ltd. itself was incorporated in Bermuda in 1995 as a holding company structure designed to consolidate financial operations and facilitate international capital market access. Over time, the group expanded regionally through acquisitions and organic growth in investment banking, insurance, and microfinance.