Credicorp Ltd. (NYSE: BAP) is a Lima-based financial services holding company that operates a diversified group of banking, insurance, and investment businesses. Established in the mid-1990s, Credicorp’s principal subsidiaries include Banco de Crédito del Perú (BCP), Mibanco (microfinance), Credicorp Capital (investment banking and asset management) and Pacífico Seguros (insurance). The company serves retail, commercial and corporate clients and is one of the largest financial conglomerates in Peru.
Through Banco de Crédito del Perú and its retail network, Credicorp provides a full suite of banking products including deposit accounts, consumer and commercial loans, mortgages, payment and transaction services, and digital banking solutions. Mibanco focuses on microfinance and small-business lending, targeting entrepreneurs and smaller enterprises with tailored credit and advisory services to support financial inclusion.
Credicorp Capital delivers investment banking, capital markets, brokerage, and asset and wealth management services to institutional and high-net-worth clients. Pacífico Seguros offers a broad range of insurance products such as life, health, property and casualty insurance, alongside risk management and claims services. Together, these businesses create an integrated platform that spans lending, risk transfer, and investment solutions.
The group’s operations are concentrated in Peru, while also extending activities and client services across other Latin American markets. Credicorp positions itself as a full-service financial group emphasizing cross-selling among banking, insurance and investment businesses, technology-driven distribution and risk management. Governance is maintained via a centralized holding structure that coordinates strategic direction, regulatory compliance and capital allocation across the subsidiary companies.