Company Overview

Intercorp Financial Services Inc. (IFS) is a financial services holding company and the financial arm of the Intercorp Group, one of Peru’s largest business conglomerates. IFS operates across the banking, insurance, and wealth management industries, serving retail, commercial, and institutional customers. Its core mission is to provide diversified financial products tailored to Peru’s growing middle class and small-to-medium enterprise sector, while maintaining strong positions in corporate and wholesale finance.

The company traces its origins to Banco Internacional del Perú (Interbank), founded in 1897, which became the foundation of Intercorp’s financial platform. IFS was formally incorporated as a holding company in 2006 and later became publicly listed in the United States. Over time, IFS expanded beyond traditional banking into insurance and investment management through acquisitions and organic growth, positioning itself as one of Peru’s most comprehensive financial services providers.

Business Operations

IFS operates through three primary business segments: Banking, Insurance, and Wealth Management. The banking segment is led by Interbank, which generates the majority of group revenue through consumer banking, commercial lending, credit cards, mortgages, and transactional services. The insurance segment is conducted primarily through Interseguro, offering life insurance, annuities, and pension-related products, while the wealth management segment operates mainly via Inteligo Group, which provides brokerage, asset management, and investment advisory services.

The company’s operations are primarily domestic, with the vast majority of revenue generated in Peru. IFS controls a broad physical and digital distribution network, including branches, ATMs, online banking platforms, and investment advisory offices. Its subsidiaries operate under regulated financial frameworks, and there are no material joint ventures disclosed outside of its core subsidiary structure.

Strategic Position & Investments

IFS’s strategy centers on organic growth in Peru’s underpenetrated financial services market, digital transformation, and cross-selling across its banking, insurance, and investment platforms. The company has consistently invested in technology infrastructure, digital channels, and data analytics to improve efficiency and customer acquisition, particularly in retail banking and wealth management.

Key strategic investments include the continued expansion and capitalization of Interbank, Interseguro, and Inteligo Group. IFS has also pursued selective acquisitions to strengthen its insurance and asset management capabilities, while avoiding material exposure outside its core financial services focus. Its strategic positioning emphasizes scale, brand recognition, and integration across financial products rather than geographic diversification.

Geographic Footprint

IFS’s operations are overwhelmingly concentrated in Peru, where it maintains nationwide coverage through branch networks, digital platforms, and insurance distribution channels. Lima serves as the operational and managerial center for most subsidiaries, reflecting the concentration of Peru’s financial activity in the capital.

While the company does not operate retail financial institutions outside Peru, it has an international presence through investment advisory and brokerage services provided by Inteligo Group, which maintains operations linked to global financial markets. Additionally, IFS’s public listing and capital-raising activities provide it with international investor exposure, particularly in North America.

Leadership & Governance

IFS is governed by an experienced leadership team drawn largely from within the Intercorp Group, with a strategic focus on long-term value creation, financial inclusion, and prudent risk management. While IFS itself was not founded by a single individual, it remains closely associated with the broader Intercorp ecosystem established by Carlos Rodríguez-Pastor.

Key executives include:

• Carlos Rodríguez-Pastor – Chairman of the Board
• Luis Felipe Castellanos – Chief Executive Officer
• César Cárdenas – Chief Financial Officer
• Patricia Jara – Chief Risk Officer
• Víctor Cubas – Chief Operating Officer

The leadership philosophy emphasizes disciplined capital allocation, strong corporate governance aligned with public market standards, and sustainable growth within Peru’s regulatory and economic environment.