Credicorp Ltd. (BAP) is a leading financial services holding company based in Bermuda, with primary operations in Peru. Founded in 1995, Credicorp is the result of a long history of financial institutions that have contributed significantly to Peru's economic development. Its principal subsidiary, Banco de Crédito del Perú (BCP), is among the oldest and most respected banks in South America, having been established as far back as 1889.
Credicorp Ltd. operates through a wide network of firms, providing a range of financial services including commercial banking, micro-lending, insurance, pension funds, and investment banking. It operates four principal lines of business, which are Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Wealth Management. Its diverse portfolio also includes stakes in other entities such as Pacifico Group, a leading Peruvian insurance company, and Prima AFP, a private pension fund manager.
The company's commitment to the growth and development of the Peruvian financial sector has been unwavering throughout its history. In addition to its well-diversified business operations, Credicorp also undertakes ongoing efforts to facilitate financial inclusion by providing necessary financial services to overlooked sections of the society. It has a dedicated Microfinance arm that specializes in providing essential banking and lending services to small and medium entrepreneurs, which plays a substantial role in driving local business development and economic growth.
Credicorp's strategic moves and competent management have driven its continuous financial growth and stability. The company consistently delivers solid returns on its investments, ensuring long-term value for its stakeholders. The firm's strong track record and commitment to good corporate governance have earned it a solid reputation, both within Peru and internationally.
Despite the challenges posed by the economic cycles and market volatility, Credicorp Ltd. has managed to maintain steady growth, thanks to its resilient business model. The company's structure allows it to capitalize on its core strengths while also being innovative and adaptive to the evolving financial landscape.
In conclusion, Credicorp Ltd. is a testament to enduring success in the financial services sector, combining a long-standing commitment to driving economic development in Peru with a diversified and robust business model. It stands as a pillar of the Peruvian economy, and its contributions extend beyond the financial sector to the overall well-being of the Peruvian society.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Credicorp (BAP) has garnered attention due to its share price reaching $386.16, reflecting strong year-to-date and one-year returns of 34.83% and 53.57%, respectively. The company is considered by many to be 9% undervalued with a fair value of $422.69, driven by investments in digital platforms and a diversified business model. Despite its P/E ratio being higher than the US Banks industry average, it remains below peer averages and its fair ratio, suggesting potential for further growth.
_07_03_2026_03_50_21_133108.jpg)
Credicorp Ltd. (NYSE: BAP) has received approval from the Florida Office of Financial Regulation for its subsidiary, Banco de Crédito del Perú, to fully acquire Helm Bank USA. This acquisition is still contingent on approval from the U.S. Federal Reserve System and other customary closing conditions. The company has designated Guillermo Morales as its authorized representative for the transaction.
JPMorgan has upgraded Credicorp's rating to Overweight from Neutral, while simultaneously increasing its price target to $482 from $453. This adjustment reflects a more positive outlook on the company's stock by the financial institution. The article briefly mentions this key analyst action and notes that full details are reserved for members.
Credicorp (NYSE:BAP) reported strong Q2 and H1 2026 results, showing increased net interest income, net income, and earnings per share, following a significant year-to-date share price return of 32.59%. Despite this positive performance, investor sentiment is split, with a "Most Popular Narrative" suggesting the stock is 6.1% undervalued with a fair value of $404.48, driven by investments in digital platforms and AI, but also noting risks from political pressure or lending growth. The article encourages investors to review the numbers and form their own views, highlighting both rewards and warning signs.
Credicorp (BAP) reported strong Q2 2026 results with increased net interest income and net income, supporting its investment thesis of digital growth and dividends despite Peruvian political and regulatory uncertainties. The company affirmed an annual dividend of PEN 50 per share for 2025, payable in June 2026, alongside rising first-half 2026 net income. While the dividend strength looks appealing, investors are cautioned to consider Peru's political and tax landscape and evaluate the company's long-term forecasts and fair value estimates.
UBS has increased its price target for Credicorp Ltd. (BAP) to $473, up from the previous $412, while reaffirming a "Buy" rating on the stock. This adjustment reflects a positive outlook from the investment bank regarding Credicorp's future performance. The article also provides a brief overview of Credicorp's business, highlighting its diversified financial services in Latin America.