sector: Financials ·
industry: Financial Services - Diversified ·
As of
20 Nov 2009
73.80USD
Credicorp Ltd. (Credicorp) is a financial services holding company. The Company operates primarily through its four principal subsidiaries: Banco de Credito del Peru (BCP), Atlantic Security Holding Corporation (ASHC), El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (PPS) and Grupo Credito S.A (Grupo Credito). Credicorp is engaged principally in commercial banking (including trade finance, corporate finance and leasing services), insurance (including commercial property, transportation and marine hull, automobile, life, health and pension fund underwriting insurance) and investment banking (including brokerage services, asset management, and trust, custody and securitization services, and trading and investment). The Company conducts its commercial banking and investment banking activities primarily through BCP, ASHC and its pension fund business through Prima AFP. Credicorp’s insurance activities are conducted through PPS.
BRIEF: For the nine months ended 30 September 2009, Credicorp Ltd.'s total interest income decreased 2% to $1.29B. Net interest income after loan loss provision increased 5% to $620.7M. Net income for the period increased 1% to $347.5M. Total interest income reflects higher financial revenues and premium earned. Net income for the period benefited from considerably higher result from investments, despite higher administrative costs.
Credicorp Ltd.
156 Calle Centenario La Molina
Lima 12
P: +511.3132123