Credicorp (NYSE:BAP) is a leading financial services holding company based in Lima, Peru, with a history dating back to its establishment in 1995. Listed on the New York Stock Exchange under the ticker BAP, the firm was formed through the consolidation of Banco de Crédito del Perú (BCP) and other affiliated entities. Over the years, Credicorp has expanded its platform to become one of the most diversified financial groups in Latin America, serving millions of customers with a broad range of banking and nonbanking products.
The company’s core banking operations are conducted through Banco de Crédito del Perú, which offers retail, corporate and small-business banking solutions. Credicorp also operates Mibanco, one of the largest microfinance institutions in the region, focused on providing credit and financial inclusion services to unbanked and underbanked clients. In addition to its lending businesses, the group has developed a robust insurance arm, Pacífico Seguros, offering life, property and casualty coverage, and Prima AFP, a leading pension fund manager in Peru.
Credicorp Capital, the investment banking and wealth management arm, delivers capital markets advisory, brokerage, asset management and private banking services to institutional and high-net-worth clients. The group further extends its reach through Atlantic Security Bank, headquartered in Panama, providing corporate and private banking in key international markets. Digital innovation has been a strategic priority, with initiatives such as mobile wallets, online platforms and data-driven analytics enhancing customer experience and operational efficiency.
Governance and leadership at Credicorp reflect a blend of local expertise and international best practices. The Board of Directors, chaired by Dionisio Romero Paoletti, provides strategic oversight, while the executive team, led by CEO Walter Bayly Leyton until early 2022 and succeeded by Alberto Pérez, drives growth, risk management and sustainable development. With a focus on emerging-market dynamics, financial inclusion and technological transformation, Credicorp continues to play a pivotal role in the economic development of Peru and the broader Andean region.
