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Jun 30
Credicorp Q2 2025 Earnings Report
Credicorp reported strong earnings in Q2 2025 with record-high ROE, lower provisions, and solid momentum across its core businesses.
Key Takeaways
Credicorp delivered a robust quarter, driven by strong performance in Universal Banking and Insurance, reduced provisions, improved credit quality, and growth in digital services like Yape.
Net income attributable to Credicorp rose to $492,441,892, a 36.1% YoY increase.
Risk-adjusted NIM hit a record 5.44% amid lower cost of risk.
Yape reached 14.9 million MAUs and contributed 5.5% to total risk-adjusted revenue.
ROE reached 20.7% due to gains in BCP’s investment portfolio and strong core business execution.
Credicorp
Credicorp
Credicorp Revenue by Geographic Location
Revenue by Geographic Location
Peru Revenue
CapyFin.com Forward Guidance
Credicorp raised its full-year ROE guidance to ~19% and long-term ROE target to 19.5%, reflecting optimism in retail lending, digital services, and improved asset quality.
Positive Outlook
- ROE guidance for 2025 raised to ~19%
- Long-term ROE target increased to 19.5%
- Retail and microfinance loan growth accelerating
- Yape scaling with increasing monetization
- Improved payment behavior and portfolio quality
Challenges Ahead
- Lower wholesale loan balances impacted interest income
- Time deposit growth pressured funding costs
- Investment income decline due to lower dividends
- Some volatility in FX-related metrics due to Bolivia revaluation
- Continued need for disciplined expense management amid innovation investments