Earnings ·
Credicorp reports 3Q26 net income of S/1,929.4 million with ROE of 19.9%
BAPCredicorp Ltd
Credicorp Ltd. reported unaudited third-quarter 2026 results showing net income attributable to shareholders reached S/1,929.4 million, an 11.0% increase year-over-year but a 2.6% decline quarter-over-quarter. The company achieved a return on equity (ROE) of 19.9%, driven by accelerating loan growth of 14.8% YoY and healthy asset quality with the non-performing loan ratio improving to 3.9%. Net interest income rose 17.7% YoY, supported by margin expansion to 6.9%, while core income grew 18.0% YoY. Provisions increased due to additional El Niño risk assessments, resulting in a cost of risk of 2.0%. The company reaffirmed its full-year ROE guidance of approximately 19.5% and medium-term expectation of around 22%. Credicorp Ltd. is the leading financial services holding company in Peru with operations in banking, insurance, pensions, and digital ecosystems across the Andean region.