Credicorp : 1Q26 Conference Call BAP

Published: 2026-05-15 09:42:12 ET BAP

Published on 05/15/2026 at 09:42 am EDT

May 2026

Strategic Priorities As Anchors

Innovation

Talent

Sustainability

Executing Our Decoupling Strategy Through Differentiated Growth Levers

2

Scaling an Integrated Digital Ecosystem

1

Strengthening Our Leading Position in Underpenetrated Marfiets with Clear Growth Avenues

3

Unlocfiing Synergies by Leveraging Shared Capabilities Across Our Ecosystem

4

Delivering Strong, Resilient Returns Across Economic Cycles

1Q26 Results Underscore Strong Execution, Record Profitability and Favorable Operating Momentum

4

Disruption Investments Enhance Competitiveness and Sustainability

Efficiency Ratio

45.8%

Financially Included3

6.8 million people

5

Net Positive Local Impact from Macro Dynamics

GDP E264

3.2%

Ref. Rate - May 26

4.25%

3

Strong Solvency and Risk Control Ensure Resilience

BCP CET1 - Mar 26

11.3%

Dividend / Share

S/ 50.0

1

Solid Operating Performance Reinforced by Diversified Income Sources

ROE

21.1%

Innovation Portfolio Risk-adj. Revenue Share1

9.0%

2

Higher Margins, Supported by Low-Cost Funding and Lower than Expected CoR

Risk Adj. NIM

5.8%

MS of Low-Cost Deposits2

41.2%

(1) As a percentage of Credicorpʼs total Risk-Adjusted Revenue. (2) Includes BCP Stand-alone and Mibanco. Data as of Mar 26. (3) Number of financiallyincluded clients through BCP since 2020: (i) New clients with savings accounts or affiliated to Yape.

(ii) New clients without debt in the financial ssytem or BCP products in the last twelve months. (iii) Clients with three monthlyaverage transactions in the last three months. (4) BCP Estimate.

CoR

1.3%

-35bps YoY

NPL Ratio

4.3%

-83bps YoY

Total Loans1

+8.2%

YoY

1

Loan Portfolio Expanded

While Asset Quality Improved

NIM

6.6%

+36bps YoY

Low-Cost Deposits2

63.9% of Funding Base

+487bps YoY

NII

+10.9%

YoY

2

Higher NIM on Funding Tailwinds

Ins. Underwriting Results

-9.1%

YoY

Gains on FX Transactions

+30.6%

YoY

Fee Income

+15.6%

YoY

3

Growing Diversified

Recurring Sources of Income

15.7%

-19bps YoY

11.3%

-33bps YoY

CET14

4

Diversified Business

and Solid Capital Base

Earnings Contributions3

79.9% Universal Banfiing

10.8% Insurance G Pensions

7.4% Microfinance

1.9% Investment Management G Advisory

1Q26 Key Financial Highlights

(1) Measured in end-of-period balances. (2) Includes demand deposits and savings deposits. (3) % Earnings Contribution based on the total of our 8 main subsidiaries: BCP, BCP Bolivia, Mibanco, Mibanco Colombia, Pacifico Seguros, Prima AFP, Credicorp Capital and ASB Bank Corp. (4) CET1 Ratio calculated under IFRS accounting.

(% change)1

1Q26: Domestic Demand Growth Above 5% For Sixth Consecutive Quarter

(YoY % change)2

36 37 37

6.0 6.2

4.1

1.5

3.9

3.2

3.0

2.8

4.4

3.8

4.0

GDP

Buying and selling of real estate*

Domestic cement consumption

Capital goods imports

Transactions with BCP cards**

Heavy-duty vehicles sales

Terms of Trade* Light-vehicle sales

(% of GDP)3

-1.4

1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26E

CHL BOL PER COL

(1) Source: BCRP and forecast from BCP Econ. Research Department. (2) Source: SUNAT, Asocem, Sunarp, BCRP, etc. (3) Source: Central Bank and statistics institutes

Disclaimer

Credicorp Ltd. published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 15, 2026 at 13:41 UTC.