Banco de Credito del Peru SA
BBVL:CREDITC16.72
PEN
-0.07
(-1.03%)
Banco de Credito del Peru SA
BVL:CREDITC1
(Lima Stock Exchange)
Recent
price
6.72
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Banco de Credito del Peru SA is a financial institution that provides a comprehensive range of commercial banking, retail banking, wholesale banking, and wealth management services to individuals, small and medium-sized enterprises, corporations, and institutional clients. The company operates through several core business segments, offering a systematic portfolio of financial products and services including: deposit solutions such as checking accounts, savings accounts, time deposits, and foreign currency deposit instruments; consumer and retail financing comprising personal loans, payroll-deduction loans, vehicle financing, and residential mortgage loans; payment and transactional solutions encompassing debit cards, co-branded credit cards, wire transfers, automated payroll disbursement, and utility collection services; business and commercial lending including revolving credit lines, working capital facilities, equipment leasing, factoring, and promissory note discounting; corporate and investment banking services covering structured finance, syndicated loans, project financing, mergers and acquisitions advisory, and international trade finance such as letters of credit, guarantees, and export-import financing; and treasury and market services involving foreign exchange trading, fixed income distribution, liquidity management, and interest rate and currency hedging derivatives. Additionally, the company delivers digital financial services through its proprietary mobile and online banking platforms, notably its mobile payment and financial super-app, Yape. Founded in 1889 as Banco Italiano and operating as the flagship banking subsidiary of Credicorp Ltd., Banco de Credito del Peru SA is headquartered in Lima, Peru, and maintains an extensive nationwide network of branches, automated teller machines, and banking agents (Agentes BCP), alongside international operations that include an overseas branch in Panama, an agency in Miami, United States, and representative offices in Latin America. In recent developments, the company has accelerated its digital transformation strategy by evolving Yape into a multi-service financial super-app, expanding its functionalities to include digital microloans, marketplace retail transactions, cross-border remittances, and universal interoperability with the national peer-to-peer payment ecosystem in Peru. Furthermore, the bank has expanded its sustainable finance initiatives through the issuance of green and social bonds to finance renewable energy, affordable housing, and micro-enterprise development, while enhancing its operational infrastructure through strategic cloud migrations and artificial intelligence integrations to optimize credit scoring and customer support operations.