sector: Financials ·
industry: Financial Services - Diversified ·
As of
25 Nov 2009
73.86USD
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 six months ended 30 June 2009, CredicorpLtd.'s interest income increased less than 1% to $668.9M. Net interest income after loan loss provision decreased 10% to $358.3M. Net income decreased 10% to $225.8M. Net interest income reflects decreased interest & dividend income and lower interest expense. Net income also by increase in non interest expense due to higher salaries and employees benefits.
Credicorp Ltd.
156 Calle Centenario La Molina
Lima 12
P: +511.3132000