Credicorp

Stock performance

History

Credicorp was formed as a holding company for Banco de Crédito del Perú, a bank tracing back to 1889 and long the dominant financial institution in Peru, bringing the bank together with insurance and other financial subsidiaries under one listed structure as Peru's economy stabilized and modernized following the market reforms of the 1990s.

Business model

Credicorp provides retail, corporate, and investment banking through Banco de Crédito del Perú, alongside insurance and pension-fund management subsidiaries, giving it the broadest diversified financial-services franchise in Peru spanning banking, insurance, and asset management under one group.

Market position

Credicorp is the largest financial-services group in Peru by a wide margin, with Banco de Crédito del Perú holding the leading position in Peruvian banking, and the group is one of the most widely held Peruvian stocks among international investors.

Country impact

Credicorp is the largest financial institution in Peru and a bellwether for the health of the Peruvian economy and banking sector, central to Peruvian household and business credit access across the country's various regions.