Credicorp is Peru's dominant financial conglomerate, operating through BCP (largest bank), Mibanco (microfinance leader), Pacifico (insurance), and Prima AFP (pension fund). This diversification makes it among the most complete EM financial holding companies globally. Peru's economy, despite political noise, has recovered well on copper and infrastructure spend. Credicorp's ROE of ~18% and consistent dividend growth reflect strong execution. Mibanco's financial inclusion mission provides a structural growth engine beyond GDP-correlated banking.
Thesis reviewed May 29, 2026
Credicorp Ltd. is headquartered in Peru, which is currently showing moderate signals.
🇵🇪Peru52NEUTRALView Peru risk detail →🏦Financials100NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| MELI | MercadoLibre | 90 | -14% | ↓86% | AVOID |
| GGAL | Grupo Financiero Galicia S.A. | 90 | +13% | ↓86% | ENTRY |
| BBAR | BBVA Banco BBVA Argentina SA | 90 | +21% | ↓86% | ENTRY |
| BBD | Banco Bradesco S.A. (preferred ADR) | 90 | +5% | ↓86% | NEUTRAL |
| VIV | Telefonica Brasil (Vivo) | 90 | +8% | ↓86% | ENTRY |
| UBS | UBS Group AG | 90 | +17% | ↓86% | ENTRY |
| CIB | Bancolombia S.A. | 90 | +9% | ↓86% | NEUTRAL |
Investors who hold BAP may also have indirect exposure through these country funds.
BCP Q4 NPL ratio improves 30bps; retail credit recovery ahead of schedule
Mibanco digital disbursements reach 60% of loan volume; cost-to-serve -22%
Peruvian copper production record in Q1 2026 boosts GDP and credit demand
Estimates · Yahoo Finance · Not audited figures