BofA Lifts PT on Credicorp (BAP) – Here’s Why

In its fiscal results for fiscal Q1 2026, Credicorp Ltd. (NYSE:BAP) reported grounds precocious nett income, which reached S/2,063 million, up 16.1% year-over-year and 30.0% quarter-over-quarter, attributed to coagulated results crossed each lines of business. ROE reached a grounds 21.1%, driven by broad-based concern spot and favorable operating momentum. The company's indebtedness publication roseate 8.2% year-over-year, led by BCP and Mibanco, portion plus prime improved with the NPL ratio astatine 4.3% and the Cost of Risk astatine 1.3%. Total loans measured successful quarter-end balances roseate 8.2% year-over-year, and 1.9% quarter-over-quarter, portion full deposits expanded 13.3% year-over-year and 4.8% quarter-over-quarter.

Credicorp Ltd. (NYSE:BAP) is simply a holding institution that provides fiscal services. The institution conducts its operations done the pursuing segments: Universal Banking, Microfinance, Insurance and Pensions, and Investment Banking and Wealth Management.

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