Strong reviews and digital growth in the middle …

• Revenue: Not explicitly mentioned in the transcript.

• Equity return (ROE): 20.3% including extraordinary profits; 18.4% without order gains.

• Loan growth: 1.5% increase in average daily credit, which is due to short -term loans in the wholesale banks.

• Netto interest rate range (NIM): Resilient in 6.2% despite a contraction of the wealth returns.

• Non-performance loan (NPL)-Schrates: 5.1% for Credicorp; 6.4% for Mibanco.

• Risk costs: 1.6%, which reflects an improved portfolio management and payroll.

• Efficiency relationship: 45.7%within reach.

• Dividend release: Pen40 per share.

• Fee income growth: 16% increase, driven by transaction activity in Yape and BCP.

• Insurance result: Underwriting result: 17.9% increase, which reflects stronger reinsurance in P&C business.

• Wealth quality: Improves with NPL volumes and a cover ratio of 107.4%.

• Yape user growth: Over 0.5 million new active users who outperform a total of 14 million users.

• Mibanco Nim: 13.9%with a risk -controlled NIM of 10.1%.

• Grupo Pacifico profitability: Influenced by loan thinnings, at 19.3%.

Appearance date: May 16, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Credicorp LTD (NYSE: BAP) reported a high ROE of 20.3%in the first quarter of 2025, which exceeded expectations.

• The Peruvian economy recovers faster than expected with a GDP growth of 3.9% in the first quarter of 2025, which supports the growth of Credicorp.

• Loan growth was resumed in particular in wholesale banks and short -term loans, whereby the expectations of retail segments and microfinancing are expected in the upcoming quarters.

• The risk -minded NIM of Credicorp improved the year compared to the previous year, which is due to lower provision and improved quality of asset.

• The company has made strategic investments in digital skills and modernized core systems, which contributes to diversified income flows and scalable growth.

• The global uncertainty, including trade voltages and potential recession risks, represents the challenges for the economic prospects of Peru and the performance of Credicorp.

• The re -evaluation of the balance sheet balance of Bolivia led to a contraction of 2% in credicorps overall assets.

• Despite strong economic growth, the loan growth remains relatively subdued, whereby the recovery after previous economic cycles is due to recovery.

• The interest rates are falling, which could affect net interest margins if they are not compensated for by other factors.

• The political uncertainty in Peru, including upcoming elections, could influence the market mood and economic stability.

Q: What prevents Credicorp from updating its instructions in the first quarter in view of the improvement environment and the strong ROE? Is it due to political uncertainties or risks of lower raw material prices? Could there be a revision in the second quarter? A: Alejandro Perez-Reyes, CFO: While we expect to be over the current guidance of around 17.5% ROE, global uncertainties, in particular trade stresses and potential effects on global growth, keep us careful. We do not expect any changes to our views for Peru this year, but we will consider revising the instructions if the stability continues and improves clarity.