Credicorp (BAP) Investor Day 2025 summary

Strategic Vision, Growth Priorities, and Macroeconomic Context

• Focus on building a future-oriented ecosystem to drive innovation, expand financial inclusion, and accelerate growth, leveraging talent, technology, and disciplined execution for sustainable value creation.

• Four strategic pillars: purpose (improving lives and financial inclusion), innovation (digital transformation and new business models), culture and talent (adaptability and critical thinking), and governance (global best practices and sustainability-linked compensation).

• Ambition to lead the financial sector in the Andean region, decouple from macroeconomic cycles, and deliver consistent shareholder value, with a 14.1% annualized TSR since 1995.

• Peru outperformed LatAm and the US in GDP growth and inflation from 2004–2024, with significant gains in per capita GDP and financial inclusion, but still has room for further growth in employment and formalization.

• Over three decades, the business evolved from a corporate bank to a universal bank with a strong retail focus, capturing value from Peru’s transformation.

Innovation, Technology, and Digital Transformation

• Digital transformation has shifted 84% of transactions to cashless, up from 24% a decade ago, with Yape as a leading digital wallet and super app, now with over 15 million active users.

• Investments in AI, data analytics, and cloud technology have multiplied digital transactions by 50x while reducing cost per transaction by 10x.

• Digital talent increased by 350% at BCP (2021–2024), with 5,000+ digital specialists across the group.

• Launch of a data marketplace and AI-driven tools for hyper-personalization, operational efficiency, and smarter risk management.

• Monokera, an insurtech platform, enables rapid product launches and mass distribution, supporting both internal and external partnerships.

Ecosystem Expansion and Growth Opportunities

• Integrated ecosystem approach across subsidiaries to unlock synergies, reduce operational costs, and create new revenue streams.

• Financial inclusion is targeted to reach 8M Peruvians by 2028, up from 6.1M in June 2025, through a virtuous cycle of access, engagement, and value.

• Bancassurance aims to double clients by 2027 and reach 10% of net income, while Yape targets 3x revenue growth by 2028 and 18M+ MAUs.

• Supply chain finance ambitions include a 6x loan portfolio increase by 2030, with seamless digital integration for SMEs.

• Yape is scaling rapidly, with payments and lending as key growth drivers; lending is expected to become the largest revenue source, targeting underserved and informal segments.