Credicorp (BAP) Q4 2025 Earnings Call Transcript | The Motley Fool
The Motley Fool
by newsfeedback@fool.com (Motley Fool Transcribing)February 13, 2026
AI-Generated Deep Dive Summary
Credicorp (BAP) revealed its Q4 2025 earnings call, highlighting loan growth projections of 8.5% for the year, influenced by currency pressures in Bolivia. While core Peruvian businesses like BCP and Mibanco are set to drive double-digit growth, challenges from Bolivian devaluation temper overall figures. The company expects net interest margins (NIM) to remain stable in the mid-to-high 6% range, supported by cost management efforts aiming to lower the cost-to-income ratio.
Strategic priorities include scaling digital initiatives through platforms like Yape, which is projected to triple its credit portfolio within a few years. Fee income growth at low double digits is anticipated, driven by enhanced digital services and synergies across the group. Despite these positives, pension fund withdrawals—captured significantly by BCP—are expected to modestly affect credit demand but boost deposits.
Credicorp maintains strong capitalization, with plans to distribute excess capital via dividends. The company targets an increasing ordinary dividend annually, potentially complemented by extraordinary payouts. Meanwhile, exposure to Ruta del Lima remains minimal and largely provisioned, with recoveries expected through arbitration.
The balance sheet's resilience and disciplined execution of strategic goals underscore Credicorp's ability to navigate challenges while delivering returns. Enhanced transparency on digital units like Yape aligns with regulatory expectations, ensuring clear reporting for investors. Overall, the earnings
Verticals
financeinvesting
Originally published on The Motley Fool on 2/13/2026