Credicorp Bank

What Credicorp Bank does

Credicorp Bank, S.A. is a privately held Panamanian commercial bank founded in 1992 and headquartered at Plaza Credicorp Bank, Calle 50 in Panama City. The bank operates as part of Grupo Credicorp Inc. and is regulated and supervised by the Superintendencia de Bancos de Panamá. It employs 650+ professionals and serves clients through three business divisions: Banca Personal (retail banking), Banca Corporativa y Comercial (corporate and commercial banking), and Banca Privada e Internacional (private and international banking for HNW clients).

The bank's product portfolio spans deposits (savings, checking, fixed-term, digital), credit products (personal, mortgage, commercial, agricultural, syndicated, and construction loans), Visa and Mastercard cards across Classic, Gold, Platinum, Black, and Infinite tiers, insurance distribution through Banca Seguros, merchant acquiring and e-commerce processing, international wire transfers, payroll management, and wealth advisory. Technology infrastructure includes online banking (Banca en Línea), mobile banking (Banca Móvil) with biometric token authentication, the Yappy interbank payment app, Google Pay/Fitbit/Garmin contactless integration, and an e-commerce platform with Kount fraud protection, FiServ, and EPX processing integrations.

Revenue is generated through net interest income from lending (mortgages up to 30 years, personal loans up to 12 years for private sector employees and up to 25 years for retirees and government employees), transaction and interchange fees on credit and debit cards, deposit account fees, insurance commissions via a partnership with Compañía Internacional de Seguros, merchant acquiring fees on POS and e-commerce transactions, and fees on international wire transfers via correspondent banks (Bank of America, Citibank NA, JP Morgan, Wells Fargo, Abanca, Bankinter, Royal Bank Canada). Distribution operates through 10+ physical branches and loan centers across all major Panama provinces, digital self-serve channels, and a Bogotá, Colombia representation office opened in 2007.

Name

Credicorp Bank

Legal name

Credicorp Bank, S.A.

Website

https://credicorpbank.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

Credicorp Bank is a privately held Panamanian commercial bank founded in 1992, operating under Grupo Credicorp Inc. and offering retail, corporate/commercial, and private banking services through 10+ branches and digital channels. It serves individuals, businesses, and HNW clients across Panama with deposits, loans, cards, and merchant services.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

SME Commercial Real Estate (CRE) Lending (FSABABAG)

Keywords

• Retail banking services
• Commercial banking loans
• Mortgage lending products
• Payment processing services
• Private wealth management

Headquarters

HQ city

Panama City

HQ country

Panama

HQ region

Latin America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest charged on mortgage loans (up to 30 years terms), personal loans (up to 12 years/144 months for private sector, up to 25 years/300 months for retirees), and commercial credit facilities. Interest rates vary by product and borrower profile.
2. Deposit Account Fees and Interest: Revenue from spread between interest paid on deposits (savings accounts with daily interest calculation, fixed-term deposits) and other investment products, plus account maintenance fees
3. Credit Card Fees: Annual fees from credit card products (Mastercard CashBack, Light, Rewards, Super Light tiers), interchange fees on transactions, cash advance fees, and foreign transaction fees
4. Insurance Distribution (Banca Seguros): Commission revenue from selling insurance policies through partnership with Compañía Internacional de Seguros, including life insurance from 10 cents daily, accident insurance, and home insurance products
5. Merchant Acquiring Services: Transaction fees and commissions from POS terminal services and e-commerce payment processing for merchants, including certification for Visa and Mastercard national and international transactions
6. International Transfer Services: Fees for outgoing international wire transfers, issuance of manager's checks and international drafts, currency exchange (EUR buy/sell), and B2B Connect multilateral payment network services

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

Credicorp Bank operates as a full-service commercial bank in Panama, offering deposit accounts (savings, checking, fixed-term, digital), consumer and mortgage loans, Visa/Mastercard credit/debit cards, corporate banking credit facilities, merchant payment processing (POS, e-commerce, mobile), and private wealth management advisory. Distribution combines 11 physical branches with online, mobile, and phone banking channels across Panama, supported by a Bogotá representation office for cross-border business.

Product overview

Credicorp Bank is a Panamanian financial institution offering a comprehensive banking platform organized into three main segments: Personal Banking (Banca Personal), Corporate and Commercial Banking (Banca Corporativa y Comercial), and Private and International Banking (Banca Privada e Internacional). The core product portfolio spans deposit products including savings accounts, checking accounts, fixed-term deposits, and digital accounts; credit products including personal loans, mortgages (with Credicash Hipotecario as a home equity product), and commercial loans; and payment services including Visa and Mastercard credit and debit cards across multiple tiers (from Classic to Infinite), with the proprietary Credicorp Rewards loyalty program enabling point accumulation and redemption. E-commerce capabilities are delivered through an integrated platform supporting payment links, merchant POS affiliation, and contactless Top Toque y Pague mobile payments with Kount fraud protection. The bank's digital banking suite includes online banking (Banca en Línea), mobile banking (Banca Móvil), and the Yappy instant payment app. Additional services include insurance (Banca Seguros), international transfers, payroll management (Planilla Empresarial), and wealth management for private clients. The bank operates 11 branches across Panama and maintains a representation office in Bogotá, Colombia.

Differentiator

Problem solved

Functional benefit

Brands

• Credicorp Rewards: Rewards program for credit card holders allowing accumulation and redemption of points for travel, cashback, gift cards, and airline miles
• Yappy
• Google Pay
• Credicorp Assistance

Products and services

• Cuentas de Ahorro (Savings Accounts) Savings accounts with daily interest calculation and monthly capitalization, available for natural persons and legal entities.
• Cuentas Corrientes (Checking Accounts) Checking accounts providing transaction control through checks, debit cards, and transfers without earning interest.
• Depósito a Plazo Fijo (Fixed-Term Deposit) Fixed-term deposit with predetermined interest rate and maturity, minimum $10,000 with 30-day minimum term.
• Cuenta de Ahorro Crecer Más Goal-based savings account with attractive interest rates (4.75%) offering 1, 2, 3, and 5 year terms with daily interest calculation and monthly capitalization.
• Plan de Ahorro Educativo Inteligente Education savings plan with fixed interest rate of 4.5% designed to help parents save for their children's educational future through monthly contributions.
• Cuenta Digital (Digital Account) Digital bank account opened fully online via mobile or computer with no initial deposit, free first annual Visa Debit card, and Yappy integration, with a $5,000 monthly transaction limit.
• Compra de Propiedad (Mortgage Purchase Financing) Mortgage financing for purchasing new or existing properties with repayment terms up to 30 years.
• Credicash Hipotecario Home equity loan with competitive rates for home improvements, debt consolidation, or extra cash, offering up to 25 years repayment terms.
• Traslado Hipotecario (Mortgage Transfer) Mortgage transfer service allowing customers to switch their existing mortgage to Credicorp Bank for better terms and benefits.
• Inversión o Casa de Campo Financing for second properties including vacation homes and land, with competitive rates for beach or countryside properties.
• Préstamos Personales (Personal Loans) Personal loans for private sector professionals with low interest rates, easy processing, and repayment terms up to 12 years.
• Préstamos Profesionales de Gobierno Specialized loans for government employees in health, education, and Panama Canal Authority (ACP) sectors with terms from 5 to 30 years and rates from 7.25%.
• Préstamos para Jubilados Retirement loans for pensioners offering up to 25 years (300 months) repayment terms for debt consolidation.
• Mastercard Platinum CashBack Cashback credit card offering 2% return on pharmacies, supermarkets, gas stations, and cinemas, plus 1% on all other purchases.
• Mastercard Standard CashBack Standard cashback credit card with Credicorp Assistance Plus coverage and assistance services.
• Visa Infinite Rewards Premium rewards credit card with accelerated point earning at airlines, hotels, restaurants, supermarkets, and utilities, plus 6 annual VIP lounge visits.
• Mastercard Black Premium Rewards Elite rewards card offering premium benefits including LoungeKey airport lounge access and accelerated point accumulation.
• Visa Platinum Rewards Platinum rewards card with complimentary LoungeKey membership and 6 annual airport lounge accesses.
• Visa Débito Platinum Premium debit card with worldwide acceptance, contactless payment, Google Pay integration, and no PIN required at merchants, requiring $3,000 minimum monthly income.
• Visa Débito Clásica Standard debit card offering basic banking features with worldwide acceptance and secure chip technology.
• Visa Gift Card Prepaid gift card available for purchase as a gift for any occasion.
• E-Commerce Platform Complete payment processing platform for online merchants supporting payment links, website buttons, and mobile POS integration with fraud protection via Kount.
• Top Toque y Pague Contactless mobile payment solution allowing merchants to accept payments via smartphone without additional hardware.
• Afiliaciones de Comercios a POS Merchant point-of-sale affiliation service offering Visa, Mastercard, and Clave acceptance with fixed or wireless terminals and chip certification.
• Sistema de Facturación Electrónica (Dmóvil) Electronic invoicing system integrated with payment processing for business transaction management.
• Líneas de Crédito Comerciales Business credit lines providing flexible financing access for commercial operations.
• Préstamos Comerciales (Commercial Loans) Commercial loans for business investment and growth with competitive rates and terms.
• Préstamos a Largo Plazo para Adquisición de Activo Fijo Long-term financing for fixed asset acquisition supporting business capital investment.
• Préstamos a Término Sindicado Syndicated term loans for large-scale financing needs typically involving multiple lenders.
• Préstamos Interinos para la Construcción Interim construction loans providing financing during the building phase until permanent mortgage placement.
• Préstamos Agropecuarios Agricultural loans supporting farming and livestock operations with specialized financing terms.
• Visa Business Business credit card for SMEs offering expense management and purchasing power for commercial needs.
• Mastercard Corporate Corporate credit card for business expense management with comprehensive reporting and controls.
• Mastercard Tax Back Corporate card with tax refund capabilities for business travel and expense management.
• Visa Comunidad Digital Digital community Visa card targeting entrepreneurs and small business owners with digital-focused benefits.
• Transferencias Internacionales (International Wire Transfers) International wire transfer service for sending and receiving funds globally through correspondent bank network including Bank of America, Citibank NA, JP Morgan, Wells Fargo, Abanca, Bankinter, and Royal Bank Canada.
• Planilla Empresarial (Corporate Payroll) Corporate payroll management service enabling businesses to process employee payments, manage benefits, and provide digital account opening for staff.
• Bienes Reposeídos (Repossessed Properties) Repository of bank-owned properties available for purchase at competitive prices for home buyers.
• Banca Privada e Internacional Private banking division offering personalized wealth management, investment products, and international banking services for high-net-worth individuals, with offices at Plaza Credicorp Bank Calle 50 and Costa del Este.
• Banca Corporativa y Comercial Corporate and commercial banking division serving business clients with credit, treasury, and transaction banking solutions through relationship managers.
• Seguro de Vida (Life Insurance) Life insurance policies available from $10 per month through Banca Seguros, covering sums from $10,000 to $75,000 with terms of 10, 15, or 20 years.
• Accidentes Personales (Personal Accident Insurance) Personal accident insurance providing coverage for accidental death and medical expenses, distributed through Banca Seguros partnership.
• Seguro de Hogar (Home Insurance) Home insurance coverage for property protection and belongings against covered risks, distributed through Banca Seguros partnership.

Quantifiable outcome

• Savings accounts earn interest calculated on daily balance and capitalized monthly
• +2 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration23 records

AI capability2 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Panama Canal Authority (ACP)minorStrategic or Co-development Partner · 12 January 2026Sustainability and environmental education partnership focused on promoting environmental awareness and sustainable practices. The agreement, announced January 2026, unites Credicorp Bank and the Panama Canal Authority in joint environmental education initiatives.
• Yappy (Multiple Panamanian Banks)coreTechnology or IntegrationYappy is a national mobile payment platform connecting multiple Panamanian banks enabling instant interbank transfers, bill splitting, and merchant payments. Credicorp Bank customers can link their accounts to send and receive money instantly with users of other affiliated banks including Banistmo, Global Bank, and others.
• Google PaycoreTechnology or IntegrationDigital wallet integration allowing Credicorp Bank credit, debit, and prepaid cardholders to make contactless payments using Android NFC devices through Google Wallet. Cards can also be added to Fitbit and Garmin smartwatches for payments.
• VisacoreTechnology or IntegrationCard network partnership for credit and debit card issuance (Visa Rewards, Visa Infinite, Visa Platinum, Visa Gold, Visa Classic, Visa Débito) with global acceptance and exclusive benefits including Visa Concierge, travel insurance, and purchase protection.
• MastercardcoreTechnology or IntegrationCard network partnership for credit card issuance (Mastercard Black Premium Rewards, Mastercard Platinum CashBack, Mastercard Standard CashBack, Mastercard Corporate) with global acceptance, LoungeKey airport lounge access, and fraud protection.
• ClavecoreTechnology or IntegrationLocal payment network for debit card transactions in Panama providing local transaction processing and settlement for merchant POS terminals.
• Compañía Internacional de SeguroscoreChannel Partner/ Reseller/ DistributorInsurance company partnership for Banca Seguros (Bancassurance) allowing Credicorp Bank to distribute life insurance, accident insurance, and home insurance products through its branch network. Policies available from 10 cents daily with coverage up to $75,000.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Global Bank: Panamanian commercial bank serving retail, commercial, and private banking customers with deposits, loans, credit cards, and treasury services. Comparable mid-sized competitor overlapping with Credicorp on consumer lending and corporate banking.
• Davivienda: Colombian bank with Panama operations offering mortgages, consumer loans, deposits, and credit cards. Comparable international footprint and consumer-banking product mix; relevant as both a regional peer and a model for cross-border expansion Credicorp could pursue via its Bogotá rep office.
• Banistmo: Panamanian commercial bank offering retail, commercial, and corporate banking with a similar omnichannel model (branches, online/mobile banking) and correspondent banking ties. Competes head-to-head with Credicorp across deposit gathering, SME lending, and credit card issuance.
• Banco General: Largest privately owned bank in Panama, offering retail deposits, mortgages, credit cards, commercial lending, and private banking. Directly comparable in product suite and customer segments to Credicorp Bank's Banca Personal and Banca Privada divisions, though materially larger in scale.
• Banco Aliado: Panamanian private bank focused on commercial lending, corporate banking, and wealth management. Comparable mid-sized competitor with similar three-division structure (corporate/commercial/private) and Panama-domestic operating model.
• BAC Credomatic: Central American regional bank with full Panama operations offering deposits, mortgages, credit cards, commercial lending, and merchant acquiring. Closely comparable on product breadth, digital banking platform, and Visa/Mastercard partnerships, but with broader geographic reach across CAMCA.
• Multibank: Panamanian commercial bank with retail, corporate, and private banking divisions plus international trade finance capabilities. Direct competitor across SME lending, deposits, and credit cards, with a comparable mid-tier asset base.
• Banco Nacional de Panamá: State-owned Panamanian bank offering retail deposits, mortgages, consumer credit, and government employee loan programs. Comparable on government-sector lending (Credicorp's MINSA/CSS/MEDUCA/ACP loans) and retail savings products, though operating under a different ownership and mandate.

Broad incumbents

• Bancolombia: Largest Colombian commercial bank with international presence including Panama operations. Comparable on retail/commercial/private banking product breadth, cross-border correspondent banking, and wealth management; materially larger scale sets the regional benchmark Credicorp could aspire to via its Bogotá office.

Regional players

• Banco de Bogotá: Major Colombian bank with correspondent relationships and Panama-relevant trade finance flows. Comparable on international wire transfer, FX, and corporate banking products; relevant peer given Credicorp's Colombia rep office and cross-border payment focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/credicorppanama
• YouTubeyoutube.com/user/CREDICORPBANK?feature=watch
• Facebookfacebook.com/CredicorpPanama
• Instagraminstagram.com/credicorppanama

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credicorp Bank