Credicorp
Credicorp is Peru's leading diversified financial services holding company, operating through universal banking (BCP), microfinance (Mibanco), insurance and pensions (Grupo Pacífico, Prima AFP), and investment management (Credicorp Capital), serving all segments of the Peruvian population across Latin America.
- Company typePublic
- Founded1889
- HeadquartersLa Molina, Peru
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What Credicorp does
Credicorp Ltd. is Peru's leading diversified financial services holding company, founded in 1889 and incorporated in Bermuda, listed on the NYSE and Lima Stock Exchange (BVL) under ticker BAP with 94.4 million shares outstanding. The company operates through four core lines of business: Universal Banking through BCP (Banco de Crédito del Perú) and Banco de Crédito de Bolivia; Microfinance through Mibanco in Peru and Colombia; Insurance & Pension Funds through Grupo Pacífico and Prima AFP; and Investment Management & Advisory through Credicorp Capital, Wealth Management at BCP, and ASB Bank Corp. It serves all segments of the Peruvian population — retail, SME, corporate, government, and microentrepreneurs — and additionally operates Krealo, a corporate venture capital arm targeting 10% of group revenues from disruptive innovation by 2026, and Tenpo, Chile's first neobank subsidiary.
The company's technology platform combines a traditional physical distribution network (BCP and Mibanco branches) with digital capabilities centered on Yape, a mobile payment and digital banking platform nearing break-even with growing active users and engagement. Credicorp is investing in a data-driven organization, developing and acquiring tech talent, and implementing an agile management model at BCP to enable self-disrupting decision-making. The CVC arm (Krealo) and the Line of Business Innovation Labs provide outside-in innovation sourcing, while the Bermuda-incorporated holding company structure supports international operations across Peru, Chile, Colombia, Bolivia, Panama, and the United States.
Credicorp's revenue model is diversified across interest income from banking and microfinance lending, insurance premiums (life, P&C, D&S), pension fund management fees, investment management and advisory fees, and transaction-based fee income from digital and traditional banking channels. Profitability is targeted at 18% sustainable ROE, with a stated dividend policy of at least 25% of consolidated net profits. The company markets primarily through its Investor Relations website, SEC filings (20-F, 6-K), quarterly earnings conferences, ESG disclosures, and corporate presentations, with customer-facing distribution executed through BCP branches, Mibanco branches, Yape digital self-service, Credicorp Capital, Grupo Pacífico, and Prima AFP.
Credicorp firmographics
Firmographics- Name
- Credicorp
- Legal name
- Credicorp Ltd.
- Website
- https://credicorp.gcs-web.com
- Company type
- Public
- Founded year
- 1889
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Credicorp is Peru's leading diversified financial services holding company, operating through universal banking (BCP), microfinance (Mibanco), insurance and pensions (Grupo Pacífico, Prima AFP), and investment management (Credicorp Capital), serving all segments of the Peruvian population across Latin America.
- Ownership category
- akta.pro rank
Where Credicorp is headquartered
LocationHeadquarters
- HQ city
- La Molina
- HQ country
- Peru
- HQ region
- Latin America
Offices2 records
Markets served
Credicorp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Universal Banking - Interest Income: Interest income from lending operations through BCP (Banco de Crédito del Perú) and Banco de Crédito de Bolivia serving retail, SME, corporate, and government segments
- Microfinance - Interest Income: Interest income from microfinance lending through Mibanco in Peru and Colombia targeting microentrepreneurs and underserved clients
- Insurance Premiums: Insurance underwriting revenue through Grupo Pacifico including life, property & casualty (P&C), and disability & survivorship (D&S) products
- Pension Fund Management: Pension fund administration fees through Prima AFP
- Investment Management & Advisory: Wealth management services through Credicorp Capital and Wealth Management at BCP, investment management fees and advisory services
- Fee Income: Banking fees, transaction fees, and other service charges across the universal banking and microfinance operations
- Corporate Venture Capital - Krealo: Returns from Corporate Venture Capital arm investing in disruptive innovation initiatives targeting 10% of Credicorp's revenues after provisions by 2026
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Dividend policy: minimum 25% cash dividends of consolidated net profits |
| Hybrid | Monthly | Multi-segment financial services pricing |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels7 records
Credicorp product offering
Product offeringCore offering
Credicorp is a diversified financial services holding company providing universal banking through BCP and Banco de Crédito de Bolivia, microfinance through Mibanco in Peru and Colombia, insurance and pension fund management through Grupo Pacífico and Prima AFP, and investment management and advisory through Credicorp Capital, Wealth Management at BCP, and ASB Bank Corp. It serves all segments of the Peruvian population from retail consumers to large corporates, complemented by digital banking services through Yape and innovation initiatives via Krealo.
Product overview
Credicorp is Peru's leading diversified financial services holding company organized into four lines of business (LoBs): Universal Banking (through BCP and Banco de Crédito de Bolivia), Microfinance (through Mibanco in Peru and Colombia), Insurance & Pension Funds (through Grupo Pacifico and Prima AFP), and Investment Management & Advisory (through Credicorp Capital, Wealth Management at BCP, and ASB Bank Corp). The company complements its operations through Krealo, its Corporate Venture Capital arm, and includes subsidiaries such as Atlantic Security Bank (offshore banking) and Tenpo (Chile's neobank). The company serves all segments of the Peruvian population with over 135 years of experience, with significant presence in microfinance, investment management, and advisory across Latin America.
Differentiator
Problem solved
Functional benefit
Brands
- BCP: Banco de Crédito del Perú - Universal banking subsidiary
- Mibanco
- Pacífico Seguros
- Prima AFP
- Credicorp Capital
- Krealo
- Yape
- Tenpo
Products and services
- Universal Banking (BCP and Banco de Crédito de Bolivia) Traditional banking services including deposits, loans, credit products, and digital banking serving retail, SME, wholesale, and corporate customers across Peru and Bolivia.
- Microfinance (Mibanco Peru and Colombia) Microfinance services targeting microentrepreneurs and underserved populations in Peru and Colombia, providing small loans and financial inclusion services.
- Insurance & Pension Funds (Grupo Pacífico and Prima AFP) Insurance underwriting across life, property & casualty, and disability & survivorship, plus pension fund management services for retirement savings.
- Investment Management & Advisory (Credicorp Capital, Wealth Management at BCP, ASB Bank Corp) Investment management, wealth management, and financial advisory services for high-net-worth individuals and institutional investors.
- Krealo (Corporate Venture Capital) Corporate venture capital arm investing in fintech and financial technology startups to drive disruptive innovation initiatives within Credicorp's ecosystem.
- Atlantic Security Bank Offshore banking subsidiary providing international banking services.
- Tenpo (Chile neobank) Digital-native neobank in Chile, licensed as the first digital-native bank to operate in the country, serving as a platform for Yape's regional expansion.
Quantifiable outcome
- On track to achieve 18% sustainable ROE target
- +1 more outcomes
Companies that use Credicorp
Customer profileSegments7 records
Ideal customer profiles6 records
Credicorp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Credicorp partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Krealo (Corporate Venture Capital)coreKrealo is Credicorp's Corporate Venture Capital arm that explores and implements outside-in innovation, fostering disruptive innovation initiatives targeting 10% of Credicorp's revenues after provisions by 2026. It is part of the decentralized innovation portfolio complementing the core business with new revenue streams.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
Credicorp competitors and assessment
Company assessmentDirect peers
- Grupo SURA: Latin American diversified financial holding with insurance, pensions, asset management, and banking stakes. Operates in Colombia, Peru, Chile, and other Andean markets that overlap with Credicorp's footprint and shares a similar holding-company structure.
- Banco Santander Chile: Universal commercial bank operating in Chile and adjacent to Credicorp's Chilean footprint via Tenpo. Comparable in product mix (retail, SME, corporate, wealth) and serves as a benchmark for Andean commercial banking economics.
- Bancolombia: Colombia's leading financial group with universal banking, investment banking, and asset management. Operates in an Andean market adjacent to Credicorp's Mibanco Colombia franchise and competes for regional capital flows.
- Grupo Financiero Banorte: Mexico's largest domestically controlled diversified financial holding company, combining commercial banking, brokerage, insurance, pensions, and asset management. Closest publicly traded LatAm analog to Credicorp's four-pillar model with similar emphasis on domestic market leadership and cross-sell.
- Scotiabank Peru: Peruvian subsidiary of Bank of Nova Scotia offering universal banking, insurance, and wealth management. Directly competes with BCP across retail, SME, and corporate segments in Peru.
- BBVA Peru: Universal bank subsidiary of BBVA operating in Peru and offering retail, SME, corporate, and wealth management products. Direct head-to-head competitor to BCP in the Peruvian market with similar universal banking mandate.
- Banco de Chile: One of Chile's leading universal banks with strong corporate and retail franchise. Comparable to BCP in operating model and increasingly relevant as Credicorp expands its Chilean footprint through Tenpo.
- Davivienda: Colombian universal bank with growing presence in Central America. Direct competitor to Credicorp's Mibanco Colombia franchise and the broader Andean financial services market.
- Interbank Peru: Peruvian universal bank owned by Intercorp, with retail, SME, and corporate banking plus consumer finance. Domestic peer competing directly with BCP and shares Credicorp's focus on digital innovation within Peru.
Broad incumbents
- Itaú Unibanco: Largest private-sector bank in Brazil with material operations across Chile, Colombia, and other LatAm markets. Broader scale and broader geographic footprint than Credicorp, but directly comparable product mix including retail banking, insurance, and asset management.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Credicorp social profiles
Digital presenceCredicorp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credicorp leadership team
Management profileNumber of profiles
Profiles9 records
Credicorp subsidiaries and ownership
Company hierarchySubsidiaries12 records
Credicorp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credicorp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Credicorp
What does Credicorp do?
Credicorp is a diversified financial services holding company providing universal banking through BCP and Banco de Crédito de Bolivia, microfinance through Mibanco in Peru and Colombia, insurance and pension fund management through Grupo Pacífico and Prima AFP, and investment management and advisory through Credicorp Capital, Wealth Management at BCP, and ASB Bank Corp. It serves all segments of the Peruvian population from retail consumers to large corporates, complemented by digital banking services through Yape and innovation initiatives via Krealo.
Is Credicorp a public or private company?
Credicorp is a public company. It is classified as public and is currently operating.
When was Credicorp founded?
Credicorp was founded in 1889. It employs 5,001 to 10,000 people.
Where is Credicorp based?
Credicorp is headquartered in La Molina, Peru, in the Latin America region.
How does Credicorp make money?
Seven revenue lines are on record. Universal Banking - Interest Income is the primary driver. The others are microfinance - Interest Income, insurance Premiums, pension Fund Management, investment Management & Advisory, fee Income and corporate Venture Capital - Krealo.
Who are Credicorp's main competitors?
Direct peers on record are Grupo SURA, Banco Santander Chile, Bancolombia, Grupo Financiero Banorte, Scotiabank Peru, BBVA Peru, Banco de Chile, Davivienda and Interbank Peru. Itaú Unibanco is listed as a broad incumbent.
Does Credicorp have an API?
No public API is recorded for Credicorp.